I started trading in December, which I learned quickly, is not a good month to trade. Many traders take December off, which creates low volume, which equals low volatility, which is bad for the types of trades I do. I traded for a couple weeks and took the rest of December off.
When I started again in January, I learned that the KISS methods definitely work, but my mind wasn't in the right place. I would have several successful trades, followed by several unsuccessful trades. This created a lot of stress for me even though I was on a simulator not risking any real money. As a newbie, I made a lot of mistakes reading the indicators, but some trades would work still, which caused me to make further trades where the KISS indicators didn't match up. After several weeks of doing this, I came to the obvious conclusion that I needed to stay with the KISS methods. As I tried to exclusively trade using the KISSystem methods, I noticed I was making a lot more good trades and the ratio of good to bad trades was heavily in my favor.
At the end of February I commenced opening a trader's account with a brokerage to start making trades with real money.
Monday, August 25, 2008
Sunday, August 17, 2008
I started up with KISSystem back in December of 2007. I'm going to start my blog by going through what has happened between then and now and then I will continue with what is happening now with trading.
When my friend came to me telling me I could make 10% or more per day, as you can imagine, I thought he was crazy and was getting himself into something dishonest that was too good to be true. However, when I looked at the numbers, I quickly realized all he was talking about was trading futures-something that has been practiced for a long time and all KISS proposed to do was teach how to profitably trade. I began my adventure into KISS by having a conference call with a person affiliated with it. He gave me a brief overview of how to recognize one of the staple KISS trades, then we reviewed the day and he had me identified the different places where certain indicators matched up indicating when it was a good time to enter a trade. I was amazed how easy it was and how every trade I identified was a good, profitable trade. In less than an hour I was personally recognizing successful trades. I don't remember, but I think there were five of those types of trades, each of which would have made me 10% of my money. I was very intrigued. Shortly thereafter, my friend paid the tuition of $5000 (it is now $3000 for the same course, by the way) and I saw him making successful trades easily on the simulator. I was hooked. Within a couple of weeks I managed to scrounge together the money for tuition and I was in. There was no looking back.
When my friend came to me telling me I could make 10% or more per day, as you can imagine, I thought he was crazy and was getting himself into something dishonest that was too good to be true. However, when I looked at the numbers, I quickly realized all he was talking about was trading futures-something that has been practiced for a long time and all KISS proposed to do was teach how to profitably trade. I began my adventure into KISS by having a conference call with a person affiliated with it. He gave me a brief overview of how to recognize one of the staple KISS trades, then we reviewed the day and he had me identified the different places where certain indicators matched up indicating when it was a good time to enter a trade. I was amazed how easy it was and how every trade I identified was a good, profitable trade. In less than an hour I was personally recognizing successful trades. I don't remember, but I think there were five of those types of trades, each of which would have made me 10% of my money. I was very intrigued. Shortly thereafter, my friend paid the tuition of $5000 (it is now $3000 for the same course, by the way) and I saw him making successful trades easily on the simulator. I was hooked. Within a couple of weeks I managed to scrounge together the money for tuition and I was in. There was no looking back.
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