If one is looking for total safety one should chain oneself to ones bed and never leave; one can only make money if one takes a risk. Sol Palha
Results from May 07 to Feb 08.
We traded the Japanese Yen constantly for roughly 3 months and in that time span we took in a total of 16,787 dollars. This was achieved in 6 trades; the 6th trade was divided into two parts as we sold of half at one price and the second half at an even higher price. Out of the 6 trades we lost only once (the first trade) and after that we had 5 winners in a row. The first trade yielded a loss of 3,775 so the total gain after this loss was 13,0125 per contract; if someone traded two or more contracts each time this trade was put out the results would be 2 to 3 times higher. We also rate our trades in terms of risk and for the most part the Japanese yen carried the risk rating of normal to slightly above normal risk. We also played the Swiss franc twice and won on both trades.
Another huge coup has come from Palladium. First trade yielded 2050 dollars but the second part is now yielding over 15,000 per contract.
32 trades, (two cotton contracts which were rolled over at the same price into the next month) produced profits and 9 were losers; so we have a total of 41 trades of which 32 were profitable giving us an accuracy rate of 78.04% close to the 80% we had the last time we updated these results. However in reality we took money and divided the money into two or 3 lots and invested this money that would normally go into one trade into 3 smaller trades. In other words instead of buying 3 contracts in one shot we bought one contact at a time. Instructions are always sent out on how the money should be divided. Thus if we consider the fact that money that would normally go into one trade was divided into two or 3 parts we end up with a different result.
9 losses; however the first 3 loses in sugar are really one trade that was divided into 3 parts. Instead of investing this money all in one shot we invested it in 3 different shots. The second loss was a normal loss and this was in the Japanese Yen. Then once again we divided the money for sugar into two lots and invested each lot separately; we lost on both ends but ultimately this is one trade where the money to be deployed was split into two. The next loss was in copper but once again we divided the money into two parts the first part lost but the second part of the trade was a huge winner and the profits here more than made up for the loss in the first half of the trade; thus over all this trade should only be counted as a win. The lumber trade was a loss; the next copper trade was also a loss. We rolled over two cotton contracts into the following month and got in at the same entry price so we will only count these trades as winners as one was closed out for a profit and the other is still open and showing a profit.
So the new count becomes 3 sugar trades =1 normal trade
Next loss is full Japanese yen trade
Then 2 sugar trades which are really 1 trade money was divided again
Then a copper trade that was divided into two parts; one part lost but the other part was highly profitable; total profits exceeded total loss hence this was a profitable trade.
Next trade was a full loss in Lumber
Next trade as a loss in copper
So if calculated this way we are down to 5 losses instead of 9. This means now that we have 32 profitable trades and 5 losses resulting in an accuracy of 86.4%. Which ever method is used we are very happy that we are still above the 70% mark which is a very hard thing to do maintain constantly in the futures arena. Note to that in almost all the markets that we lost money we came back and took double and sometimes triple the money we lost in those very same markets. The point of this is that if one is patient one well placed trade can pay for years of this service.
Currently we have 4 open positions one of which is very profitable and the other one which is showing humongous gains of almost 15,000 per contract. The other two positions are in the red for now.