My personal opinion is that 90 percent of the people trading this are doing it wrong. all the traders see the potential but the only people that can possible make money are the really big boys with big money.
My 3rd financial year of trading the ALSI .....last 2 years were reeeeddddddd. This year must least must be break-even. Got to make up 3 240 pips before end Feb 15!!!
my observations are that the traditional way of trading, look for an entry and make your 100 points, on a good day make 3 or 4 hundred. in my view the reason this will not work is because when trading a company you have a tool that makes this kind of trading work, the balance sheet, the ALSI does not have that.
I have been testing a system in small scale for 4 months, 2 months on pretend money and 2 in real money, so far it is working and I have lost very little, but I have had to make some changes three weeks ago, since the changes I have lost zero. and actually made money in the last 2 weeks.
My system does not rely on when you enter or how, it does however depend on the fact that in order to work the best option is to enter the market after a drop, preferable 1000 points or more, thereafter it works and no longer needs a drop to work. 90 percent of the time you only buy long, a Short is only to cover in the event of a quick drop and only to cover a single contract. in the event a market does drop all the profit on all the contracts is worked out and recovered automatically on the way down.
Takes 3 months (doing this slowly) before you start to pull any real profit, it does not make any money in a down market, so another 2008 will be bad for profits but you will recover all your capital and some profit on the way down, so you loose nothing.
if you want to try it send me private message and I will show you how.
Grant
Thanks for the consideration Grant. One can always learn.....my major focus ATM is to reduce my loosing trades ito average number of pips lost. I have a good winning ratio....starting to experience green weeks....so am in good spirits. Mainly price action entries and exits within a market structure context etc. Prefer PA above a mechanistic system....a personal preference....
Also seeing ito my loosing trades that a very high percentage could have been averted should I have had up to a 200 pip S/L and sitting tight as per Argento... Building up my stats ito of this and my trade patterns .... as well as using my daily diary. Should have done this a loooonnng time ago.
Will PM you
