The True Test
by Trader Rich
Some of you have told me to lose the signals I get from Lien and Schlossberg. I'm going to stick with them for now for two reasons:
- Because I said I would stick with them through the end of February
- It makes for a nice experiment which is what this site is all about
There is no doubt I'm in a slump, down 186 pips this month. I'm still not too concerned that my streak of consecutive winning months will end. I feel like I might be able to turn this around before the end of the month.
To put this in perspective though, based on my performance over the previous three months, I've pretty much broke even. So after hours upon hours of studying and trading over the last 90 days, I don't have much to show for it. What keeps me going is the fact that I've only been trading for a year and a half and the simple fact is, I've been profitable over the last 8 months. My winnings haven't pushed me over the poverty level but like I said, I still have a lot of experience to gain.
This month and next month will tell more of the story though and I consider this string of losing as the true test. If I can fight my way out of this I'll have a world of confidence and hope.
Don't be surprised if the posting is thin this week. I've got a lot of non-trading things going on right now.