As documented in my forthcoming book titled Stop Orders, and using the techniques outlined in this book, I turned a small spread betting "net equity" of £288.02 into a net equity of more than £5,700 in the nine weeks to 4 May 2009. That's an increase of 1879%!
Although modest in terms of portfolio size, this was a real traded portfolio -- which is still increasing, as it happens -- rather than a hypothetical paper trading example. Here is a transcript of the progress over the nine weeks:
This performance had more to do with sound money management using stop orders and position sizing than it had to do with clever stock picking (although there was some of that too).
If you'd like to find out about using stop orders and position sizing effectively, you can pre-order my new book from Amazon.co.uk or sign up to be notified at Amazon.com.
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- Financial Trading Patterns
- DON'T LOSE MONEY! (in the Stock Markets)
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