Monday, 8 September 2014

Live Journal - Do not panic and follow your rules

What to do with FOR 333?

Keep Calm and look for new providers
We are all disappointed for the number of negative trades of FOR 333.

We can try to find justifications and at the end of the day convince ourselves that it is not too bad considering past profits, but we have to look rationally at this kind of situations because they can repeat and providers can act irrationally and burn our accounts.

What should we do?

I do not have a solution valid for all, but I would assume, based on past experience, that FOR 333 will not register good results in September and probably would need some time to come back to earn profit.



The ability of FOR 333 is that it does not leave floating losses, but it closes losses when necessary. So I do not think it is time to delete it from my providers but I would take the occasion to start studying new providers.

Bearing in mind I have 2 accounts I would leave my GAIN account linked to FOR333, using the other account to trade with other providers.

The problem is selection of providers. I saw what happen with ffddvvxx that is simply a disaster and I am sure it is plenty of poor providers there.

I am attracted but not fully convinced by:

  • SwissRunner - Pros the fantastic equity line, cons the weeks of history (ok 79 weeks is 1 year and a half, but at the end it is not a very long period) and the other signals created by the same trader that does not perform so well.
  • Steady Capture (v) - Pros n of weeks of activity, cons higher drawdown and less positive equity line.
At the end I added Swiss Runner to my AAAFX account for a month experiment but I would keep my eyes wide opened as I do not trust him so much.

I will deeply study its results and I will report shortly.

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