Friday, July 18, 2008

Update on T3B Trader

It has been a while since i started using T3B system to trade.

In theory, the strategies seems so simple and easy to apply. I did paper trading for over a month and profited from 6 winning trades and 4 losing trades.

But in reality, it is not so simple. Furthermore, the volatile market condition was also an important contributing factor.

I had 5 winning trades and 2 losing trades, but overall, i still end up negative, cos the stop loss of 1 loser wiped out all the small gains of the 5 winners.

Thus, in my opinion, T3B system is good for trending market but not sideways.

Nevertheless, I will be patient and wait for the trend to come, up or down.
The trend is my friend, until it bends.

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