12 January 2010

I’ve had a bit of feedback from a couple of you, as well as my partner, that I should not be taking more than one trade per day, as that is a central theme in my book, and important advice for all beginner traders who tend to overtrade.
So I have set up a simple, conservative strategy in TradeOnAuto to trade the wheat market (my favourite), and I will focus on that.
It turned out to be quite a good move, as last night was a nice little winner.

You can see that there was a big move at the open, and in fact all the grain markets took a nose dive yesterday. I’m not sure why – no doubt the effect of some fundamental news surprising the market. With my kind of rules based trading, you don’t really care!

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