TRADES = 191 RTN=+58%
WINS = 158 LOSSES = 33
%79% %21%
BEGINNING BALANCE =$153.00
ENDING BALANCE =$240.00
%RETURN = +58%
PERIOD DEC 15 THROUGH JAN 1, 2008
Below you will find my live fxcm micro trading account for the period of Dec 15 to Jan 2 (2008/9). Results of the period netted 890 pips trading THE LAWS OF CHARTS AND MEN. I have placed this statement on the site to answer questions like, yeah but does it work with real money or are you really a trader or just a book seller. Or how about this one, YOU'RE MISLEADING NEWBIES. It's not in the least a stretch to say that I have done more for newbies free than most anyone over the last 3 years.
The trades were based on the 1min,5min,15min,1hr, charts. I did this to prove (to you, not to me) that markets are fractual and the same principles apply to the 1 min chart as does the 1 month chart. each time frame has it's own support and Resistance levels. therefore targets and stops will be different for each time period.
You will notice on the account that there are many small wins and small losses. This is because, as I teach in VOLUME-THE ARCHIMEDES PRINCIPLE, IT IS SAFEST TO GET OUT ON THE FIRST SIGN OF WEAKNESS EVEN IF YOUR STOP NOR TARGET HAS BEEN HIT. You can always reenter. What I like to do on a trading day is to make a couple of profitable small trades to build up my stop capital. When successful on the small trades I then use the profits for my risk/stop capital for a larger trade late in the day. In this way, the amount of my stop is risk free in my eyes because I am playing with house money after the first small trades. This eliminates fear when time for me to pull the trigger.
Now, this is not an excuse because obviously I don't need one. I just want you to know that these results are actually misleading because I use my micro account for experimental trades. So, when you look at the statement and see losses of over 75 pips $7.50 in a (micro lot) you know that was not an LCM trade. No where in LCM do I teach you to take a stop that large in intraday trading. Even trading off the daily charts a 150 pip stop is max.
So, this is a micro account, each pip is only worth 10 cents. If this were a regular mini account the dollar amount profit would be $890.00 and if this were a standard contract account the profits would be $8,900.00 . So, you see, if you are a newbie and you are reading this then you should know that you should be reading this statement with the economies of scale in mind. Apply the profits to whatever size account you are trading and that would have been your profit. The truth is that it is the percentage amount that is important.
But in any case, if you could post a 58% return every 2 weeks and reinvest your profits at the same rate this is what it would look like every 2 weeks:
By the way, you can also click HERE to see my demo account statement for another account if you want to see what the results would look like trading the system with bigger dollars. I traded that account for 2 weeks before I went with the real account. See, demo or real the results are the same. THE LAWS OF CHARTS AND MEN WORKS...I GUARANTEE IT!!
Lets say we started with a $250 microlot account...
1. 395 6. 3889
2. 624 7. 6,145
3. 986 8. 15,341
4. 1,558 9. 24,238
5. 2,461 10. 38,297
Everything I teach is according to natural law. I do not consider myself an expert on markets however, I do consider myself an expert on the hidden suppressed, natural laws of nature. I DO NOT UNDERSTAND MARKETS...I UNDERSTAND MOTION...
The law of compounding returns is noting more than the natural law of resonance at work. Apply the laws of nature to your trading and you will be trading with the flow of the universe. So, when you apply the laws of nature to your money management as well as your chart analysis of market motion, you cannot fail.
See, you want to look as your trading as a business. Too many newbies look at trading like a casino. As they say in the streets, trying to HIT A LICK!
Well, that is the difference between a business man and a hustler. A hustler is not necessarily someone who is out to take advantage of someone. No. a hustler is someone with the mindset of hitting a lick. Listen, if your method is not a cookie cutter your results are not easily reproducible.
So, This is why many knowledgeable traders fail, they are under capitalized which is just a fancy word for saying you didn't have enough money to realistically do what you intended to do. 3 out of 5 businesses fail due to lack of capital no matter what field of endeavor.
Here is a good rule of thumb for what size contracts you should be trading;
$25 - 2,500 - (micro)
$2,500 - 10,000 (mini)
$10,000 - and up (standard)
Can't make any real money that way, you say...? Well, I just have one thing to say to that...THE LAW OF COMPOUNDING RETURNS!!!
Well, actually 2 things. Think about this...let's say you have a goal of $100 per day. That's 1000 pips in a micro account. When you are properly capitalized you can trade without stops because your risk is so small you can dollar cost average your losers and afford to wait for them to turn into winners. See, you are trading against large overcapitalized banks and institutions as well as governments. THEY DO NOT TRADE WITH STOPS...I REPEAT...THEY-DON'T-TRADE-WITH-STOPS.
What I'm saying here is that you can relax and trade without fear. You can trade swings instead of bars. Many don't understand the recent volatility in the markets over the last few months. There are 2 reasons. One is the current (staged) economic crisis. Most pairs are moving double their old daily trading ranges but, here is the more hidden deeper meaning. Could it be just coincidence that after fxcm, the largest retail broker by miles started to offer micro accounts. Why is this significant? Because with more micro accounts more retail traders are in a better position to hang onto losing trades making it harder to stop them out. Therefore the ranges of the stop hunts had to expand to match the expanded staying power of the retail trader. There is a name for it and it is called evolution. When the prey evolves to be stronger, faster, smarter, the predator evolves to match.
Okay, just remember that when you purchase any of my educational materials you can feel free to send me email questions and I Will respond with your answer. Most of the time with annotated charts to make your understanding easier. Trading is like everything else in life. The real truth is underground and disseminated by those who prefer to remain under the radar. Brokers make trillions of dollars per yer off fleecing the retail trader. Anyone that I have seen over my last 17 trading years who gained a wide following putting out the truth were viciously attacked by agents of the brokers with smear campaigns and technological attacks on their websites. If you were them would you let trading truth get out to the masses. HELL NO!!!!!!
So, if you are a newbie, beware of the screamers. These are the agents of the brokers who work for brokers in one capacity or another. Trust me when I tell you that that haunt the forex forums to see if anyone is on to something big. Then they send in their hatchet men/women to harass and discredit the poster/trader. Alas, Just as 80% of the population get all of their information from the canned, corrupt, media we now have and think they have a handle on true reality, forex traders are the sheep going to the wolves asking for food. LOL...
Please, please, go to everyone else first. Go to all the places people tell you to go for forex wisdom and only then will you be ready for me. For to be a trader you need vision rather than sight. You only need eyes to have sight but you need vision to be able to see. So, before you are ready for my information you fist should muddle through the DIS-INFORMATION.
Cheers, Jerry
P.S. CLICK HERE TO SEE THE DEMO ACCOUNT STATEMENT FOR THE 2 WEEKS PRIOR TO THE REAL ACCOUNT AND SEE THE SAME RESULTS WITH BIGGER DOLLARS. I have traded these accounts for the only purpose of demonstrating to you the live results of LCM. The accounts I make my living from I show to no one. are you listening Mr. IRS...or how about you mister hacker/thief.
Combined Account Statement
