An economist is someone who didn't have enough personality to become an accountant.

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Money is like manure. If you spread it around it does a lot of good. But if you pile it up in one place it stinks like hell. - Jr Murchison

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6 month money challenge (update wk 1 & 2)

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6 month money challenge (update wk 1 & 2)

6 month money challenge – Weekly update

Very happy with these first two weeks. If I can get anywhere near 100 pts per week it would be fantastic, so 80 pts per week is very good. ¬†For example -: If you placed 10 contracts per trade for these figures, you would make around $800 profit per week. I’ll explain more about this next time.

8th to 22nd August

My actual account results

Results everyday from chart data

8th – 68 pts

12th – (40) pts

13th – 19 pts

15th – 37 pts

18th – 11 pts

19th – 11 pts

21st – 70 pts

21st – 28 pts

22nd – (40) pts

Total = 164 pts

8/8 – 105

11/8 – 45

12/8 – 50

13/8 – 53

14/8 – 56

15/8 – 34

18/8 – 142

19/8 – 73

20/8 – 69

21/8 – 64

22/8 – 16

15/8 – 34

Total = 707 pts

My apologies if you’ve already looked at these results and now find that I’ve changed them. I had a rethink and decided to add another column with actual everyday results taken from a brokers charts to motivate me to trade correctly daily.

What’s the difference you might ask? How can I have a result 543 pts (707-164 = 543) less than if I’d regimentally taken a trade every day? The human factor! We are all vulnerable and sometimes scared to take a risk even though we may have done research and know that we have a viable trade.

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