Trade Results

Kerry,

First I have to say a BIG thank you! Last year I lost over $40,000 dollars gambling in the markets. I say gambling as I had no trade procedure to follow. I realized this after contacting you to help me with my trading losses. Prior to our first few calls I thought I had a trading system. Your work help me indentify I was not following my own rules and allowing the market to spin me in circles. This was in the fall of last year and I closed my brokerage account as you may recall. I simulated trading after we had worked together refining my trading process and began trading live again first of this year. Attached is my equity curve. I struggled early in the year but since have learned to keep all my losses minimal and avoiding the disastrous losses.

I am far from recouping my $40,000 loss, but I feel I have more control over my trading than ever. I started this year with a $50,000 account and risking 1% on my trades and I am up $7,000 for the year. My win ratio is 62% and most importantly my maximum drawdown is $1460. My return this year is equivalent to 24% on an annual basis. This is by far the best I have ever done, plus I feel more relaxed and calm when I have trades on. I set a goal to try an average $1,000 per month this year. If I can accomplish this I will increase my risk by ½%.

I trade fewer stocks that I scan from a custom built list that you help me indentify. There are weeks that I have very little to trade and sometimes nothing at all. This has been difficult to learn and to remain on the side lines during these times. You can see it reflected in my equity curve.

Bottom line is I am hitting my goal and I am positive with a nice return on a small account while I feel 2000% more relaxed.

Thanks again for all the help and I look forward to our working together in the reminder of the year.

Regards,

Robert

Robert,

Thanks for the comments and allowing me to post to the blog. It has been a pleasure working with you and I look forward to your growth and success as a trader. As a Traders coach, one can only suggest possible improvements. The trader implements them and see’s them thru to success. You deserve the credit more than I for achieving your new found success. I wish you the best in achieving your goals and if I can ever assist in any way, please let me know.

All the best,

Kerry