By chance I happened to check on a position that Vince Stanzione recommended back in June. If i had followed it I could of cashed in on around 700 points profit… That’s no mis type 700 points in around a month using the system that I’m using. That gave me huge encouragement today I must say. Gutted for missing it but there’ll be others.
So my trades are still in profit and I’m sure Vince’s system is working, in fact it’s obvious. I am really sure that I can keep to his system and if I do the up side potential is enormous.
At last I’m in profit, my home retail group trade is currently trading at 2.19 hurrah. Gold is also about to turn a profit by the looks of things? I am keeping an eye on the Dow as it generated a sell signal on Monday? I’m not sure if I jump straight on the trade as soon as I see it though??? Must email Vince Stanzione again.
I had emailed Vince Stanzione and he confirmed I should have closed and reversed my position so thats what I have done although about 13 points late. So I lost 31 points total on that trade. I bought today at 1222 GS at 1160 lets hope I can ride this 1???
Haven’t found anything that jumps of the charts and says TRADE at the moment. A lot of sideways markets on the FTSE, I may email Vince and ask his advice on this? Shall keep looking for the next couple of days and if still undecided drop him a line?
Today i found myself really trying to find a trade to take out and that’s a flaw in itself. I have looked at many but nothing on the FTSE really grabs me at the moment although BA has generated a great buy signal (after my loss) and i am tempted to reverse positions? it’s only that i am thinking that the change in direction be due to a seasonal trend? Also Vince Stanzione suggest that the summer months are the quietest from a traders perspective. I think I’m going to have a look at some other markets outside of the UK and practice discipline until i find a better opportunity.
So I have 2 winning trades, and I have lost 2 so far. The losses have cost me 20 points in total (standard life and BA) Although I find it very annoying you have to remember if this all works as Vince Stanzione says??? I should make much more on my winning trades on the basis of cut my losses and let profits run, also you make most of your profits from only 20% of your trades.
I’m looking at some other positions for this week and should take them out in the next couple of days