Welcome back Zulu-traders. Here's an update on my live account results this week.Provider Bigwin was my big winner on the week pulling in +251 pips. He went short GBP/USD at 1.6819 which turned out to be a brilliant trade. He stuck with it and at one point was up over 200 pips. I ended up closing the trade on Thursday up about +156 pips, see the graphic on the left.
What's strange is that I found out later that he closed that initial trade for +5 pips that same morning. But for some reason, my account stuck with the trade and it paid off. This was a case where a flaw in the Zulutrade platform actually worked in my favor.
Either way, Bigwin continues to work for me as a provider and he's now added +495 pips to my live account since adding him back on 11/1/2009. He's also had 27 straight winners and hasn't hit my 180-pip stop even once.
Next up was TheKillerz who added +46 pips in 3 live trades since I added him on Wednesday 11/18. TheKillerz is also on a roll in my demo account where he added +331 pips since I setup that account last Friday 11/13/2009. In that account he has 15 straights winners.
Next up was Cheetah who was a complete wash for the week, adding 0 pips. He had 7 trades total with 4 winners and 3 loosers. On the whole, however, he has added +22 pips to my live account since I added him last week.
Next up was EliteCapital who I added late Thursday with one lot and 140-pip stop. He came out right away with a drawdown which was not confidence building for a new provider. I ended up closing this trade out for a -75 pips loss, but I held onto his GBP/JPY long into the weekend.
Last up were some manual trades I made which all turned out badly. In one case, I hedged a Cheetah trade and lost -160 pips. In another case, I followed Coolie long NZD/USD but at a better entry point than Coolie. This trade was profitable for most of the day Thursday, and at one point was up almost +35 pips. But the dollar rallied and NZD sank on Friday and I ended up closing this trade out -75 pips.
Overall, my live account is down -14 pips for the week but up +89 pips since the beginning of November. I think I learned that I need to trust my providers more and stick to the trading plan. Its easy when providers jump in and out and make a profit for you when you not even looking. Its another matter when a trade moves against you, and you end up taking a loss before you planned stop value just because you can't take the pain. That's why its important to follow your providers for some period of time and get to know them before going live. I need to have confidence that even if I get stopped out, the provider will come back me money long term.
Perhaps I added EliteTrader a bit too quickly. Anyway, let's see what he can do next week. He doubled down on his EUR/USD and GBP/JPY longs at the close and I stuck with the GBP/JPY long.
That's all for now, time to load up my Zulu provider database and see what interesting nuggets drop out!
Cheers and stay tuned.
When do we get to see the demo-results?
ReplyDeleteAlan
Alan-
ReplyDeleteThanks for reading and for the comments. I have to do some stuff for my real job early this evening so perhaps later tonight or early tomorrow.
Stay tuned,
Tcxmon
EliteCapital showed up on my radar for next month in a demo account a couple of days ago. I hope he does well for you, as he does look like he may have something. Your results on Bigwin make me want to open a lot in my live account, but I am still just too squeamish about him. "We all know when I add someone in my live account they suddenly do horrible" :) - I suppose it always just seems like that eh?
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