What We’re Doing

We’re testing out the Big D’s trading program that works on the most simple basis – trades made at open and close.

None of this sitting in front of  a screen all day trying to pick the highs and lows.

Basically, it’s trading for dummies.

Initial Plan

Our initial plan is to trade the signals – 10 forex pairs – generated by our program in a practice (paper trading) account for 2 weeks.

If our results are consistent with what they’ve been over the past 5 years, then we’ll move forward and start trading live with a small account.

We’re going to document everything we do here, so we can show Brendon how to trade and test this program out at the same time.

The historical results of the program have been tremendous (63% winning trades over 5 years), however there’s nothing like real trading to test us and it out.

The Psychology Of What We’re Doing

We’ve have noticed when researching other systems that many want to teach you the psychology of accepting losing runs and of course if you don’t believe them you wont stay with their system. If you spend ages losing then it doesn’t work.

However there is one simple area of psychology that is important and that is accepting how much to win.

Take this example…you conclude a trade and make 100 points then you notice that the share moves another 50 in the right direction so you’ve taken 100 but could have taken 150.

What do you do? You harp on about what you could have won instead of being delighted at what you have taken.

So it is natural for the brain to be concerned about what could have happened rather than be contented.  Be pleased with profit – it’s the old phrase of “You’ll never go broke taking a profit”.

Accept the losses that you’ll get and move on.  After all, you’ll get 37 losers in every 100 trades.