Dear Members

We have been getting a few complaints about our latest trade being stopped out.

When we decided how we were going to notify our members of a trade we had to take into consideration all the different brokers and spread betting companies i.e. the difference in spreads.

So we decided to give the spot price which meant that the individual would have to work out their spread and add this to the stop. Unfortunately quite a few people have taken our prices literally, even though it is on our website. This has only happened once before since we started posting our trades but it looks like we may have problems in the future if we don’t implement a solution.

We are going to change our strategy by implementing an actual price to avoid confusion.

Thank you for all your comments, even though the service is still free we will do our best to improve it.

If you take this last trade as a loss we would have only been down 85 points in one week, where as most strategies have a stop loss of over 100 points in one trade!

When trading you have to look at the big picture, we may have lost this week but we have done extremely well since we started. Trading is all about probabilities.

To get a good perspective of trading we recommend you read ‘Trading in the Zone’ by Mark Douglas. This book has helped us enormously.

Regards

Trading Edge