How have you improved this year.

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tbreak

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Wednesday, December 13, 2006 - 10:30 pm:

I generally devote a year to work on an aspect of my trading.
This financial year it has been exits and with 6 months to go looking for some other concepts to consider for next year and how others have improved.

One thing I have found this year and has really worked well for me is to have a 5% stop base on a 2 day SMA. I take it from the bottom of the candle of each day. The trend lines are just for reference that the stop should not be lowered of course.

The chart has a 4.5% price envelop on a 2SMA. I get to 5% by adding commission to it.

day2

I am still working other aspects of my trailing stop. Another thing I like about this it's kind of rare you get stopped out for a full 5% unless the trade goes against you from the start. Generally if the price moves in my direction for 3 days I have got locked in profits or very close to it.

(Message edited by Tbreak on December 13, 2006)

(Message edited by Tbreak on December 13, 2006)

peterloh

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Thursday, December 14, 2006 - 07:32 am:

tbreak,

This has been a good year for me but not a superb year like other years.The reason is that I have not been able to pick the sector well which I believe is very critical.

I have concentrated too much on the rag trade and the building industries which had done their job well in the past.I tended to range trade more as I did not believe they are many gems left, so I range trade twice a year just trying to make 25-50% pa before interest cost.Only in the later part of the year that I before more diversified.The rise in interest rate also has a dampening effect on the sector that I picked to trade.

Textile - PBG did made 40% on a double trip.No longer in my portfolio, as according to the chart pattern, it has peaked.A cyclical share.

- JST Held from last year at $2.50 entry price, to have exited at near to $4.Enjoyed the CGT discount as over 1 year.Recent entry has not performed up to normal standard.Notice it is trying hard to move up from $3.60ish, exited most at very lean trimming.

- SFH currently is very under value, comparing with Noni, so there is room for improvement, at least 20%.Again the interest rate factor proves to be a temporary obstacle.Still holding, but most of the profit has been wiped off.Big mistake on this one, unless it takes off will have to switch soon.Did made some profit from short term trade of this one.

Currently, all three are at cyclically low, and a value share for contrarian trader/investor.This also applies to the building industry.

Building - Exited ABC with about 20% profit, ie for a 2 months trade.
- Exited GNS 4 months with zilc profit after 4 months except the 4% dividends.

- Exited CSR at small loss to make way for more profitable sector.

- Holding BLD, newly bought at $7.50, as believe it will only improve from here, also takeover target.

- Holding TIM, slightly below cost. great results, will improve more from here on.

- Exited WYL in a 2 months trade making 20%, profited from capital return and dividends payment.

Finance Sector - Exited HGI was a big mistake, although I called it well. zilc profit.Should have done it with MRL instead of HGI, wrong call - both have return of capital.In retrospect, would have done better, cost me 60% profit in 6 months.

- TWR very good call, bought it and traded it since 80c. Held 2nd time long term at $1.60. Bought double amount cum reconstruction which was a good call.Initially also got benefit from AUW shares, now TAL and TWR again which I am quite certain will go up from here as coming off very low base.TAL is a very good performer considering its size and a prime target to be taken over within a year. this also goes with TWR which now concentrate in NZ.Still looking good, share price has already double for old holding and new purchase bought recently cum rights and split is already up 15%.

Resource - KZL exited too early, traded it a number of times, best was trebling the share price for my long term holding.250% profit in 6 months.

NEW Exciting Sector.

Healthcare - HSP bought recently at $4.80 suggested as a good buy fundamentally. charts agreed ,so my switch from GNS.

Gaming Sector - TTS, new entry at $3.70, exited CSR for this,looks encouraging and very likely to take off from here, as good management from UTX helps.

Construction Sector. -TSE extremely good prospect and expect it to increase 50% within a year. Already sold some for some profit as very overweighted in it.Bought it at $8.50 cum rights at $7.50 2 for 7 and dividends already 15% plus lots more to come.Likely scenario, TSE may split its infrastructure into another company for fund management and the construction,service and maintenance company.Currently growing worldwide through acquisition, joint venture and organic growth. A laggard so far compare to UGL and WOR, but one from a low base with the best potential for growth. A long term holding, expecting to treble in 5 years.

Under consideration,PGL and SMX - technology sector.

Compare to other superb pick in past years like CTX at $1.80,CPU $1.80, UGL at $1,COA at 90c, OST at 90c etc, this has been a good year but not an excellent year as I believe the market is almost near the top and it takes extra effort to find a very good one.HSP,TTS and TSE are very good future prospect and for long term purposes.

ANY other worth looking at?Any contribution or suggestion will be gratefully accepted.

-------------------------------------------------
Disclaimer: Please note that comments made in this column is mainly for the interpretation of charts in technical analysis. It is not made in my professional capacity and should not be taken as advice.In my professional capacity I am only allowed to give advice on certain managed funds authorised by my license dealer.Any share discuss is for general interest and should not be relied on to make an investment decision.It is likely that I may own the shares that we discussed as a trade or as an investment. Please consult your stock broker or financial adviser in regard to your personal situation.

The views expressed here contain information derived from public available sources that has not been independently verified.No representation or warranty is made as to the accuracy, completeness or reliability of the information.Any forward looking information in this representation has been prepared on the basis of a number of assumptions which may prove to be incorrect.It should not be relied upon as a recommendation or forecast by the writer.

eric

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Thursday, December 14, 2006 - 01:27 pm:

Tbreak, Thanks for your interesting post. A couple of questions. If I set the percentage of the envelope at 5%, I only get 2.5% either way. And how do then decide when to stop out, as the price never actually reaches the lower band.

Eric

Time frame: as long as it takes

rockon

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Thursday, December 14, 2006 - 05:04 pm:

Hello tbreak,

What a magic chart you posted, running from the bottom left of the computer screen up to the top right. What a shame your stop was triggered half way up.

Everyone plays with entry and exit criteria and what I have found is that for every "tweak" that I try, I am surprised at how close to a support or resistance line it is. In my book at least, they are the logical places to set stops, etc. I always end up drawing a line through whatever criteria I am using at the time.

I don't do a lot of back testing, so what I see on your chart may or may not be the norm, but it looks to me like you were stopped out at about $2.80 when there was a fairly solid support line at about $2.75.

Even Daryl Guppys' favourite, the 21 day EMA, would have kept you in this trade with a close below it triggering the stop, but not without a few nail-biting moments to get the heart pumping which goes to show you that there is no absolute right or wrong way to do this, but as long as YOU are happy with your method and it works more times than it doesn't work then do what my 94 year old Grandmother says and that is " If it feels good,DO IT"

Cheers....R

captain_chaza

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Thursday, December 14, 2006 - 05:42 pm:

Show me a Back Tester
and I will show you a FLOP!

Salute and Bon Appetit
Capn

"While we stop and think, we often miss our opportunity." Publilius Syrus, 1st century B.C.

"I believe the future is only the past again, entered through another gate."
Sir Arthur Wing Pinero 1893

"There are two times in a man's life when he should not speculate: When he can't afford it, and when he can." Mark Twain, 1897

tbreak

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Thursday, December 14, 2006 - 06:15 pm:

There impressive numbers Peter, I would feel out of place to suggest anything to you.

Eric,

The Lower band is 5% from the centre line and the higher band is also 5% for the centre line, 10% in total from the lower band to the higher band.

How do then decide when to stop out, as the price never actually reaches the lower band?. Yes, the price might not touch the lower band. You get stop out by not lowering your stop if the lower band goes down. If you look at my first post again the lines across is where you keep your stop price even thou the lower band has dropped a little. You should see why I was stopped out in my first post.

I am still working other aspects of my trailing stop.
I kind of have 3 trading systems by just changing the way I do my trailing stop. It's not about changing from a trader to an investor. It's about looking what has happen with the stock in the past.

The entry always is the same a break of a pull back.

System 1. Trade to a 10% target. Sometimes I will hit it, the times I don't the lower band of 5% is always trying to reduce my loss. 3 days if the trade moves in my direction and I will be around break even and looking to lock in profits.

Trade duration around 5-10 days.

System 2.
As posted above 5% stop of the price envelop to let profits run a bit more.

Trade duration around 10-20 days.

System 3.

Once the lower band of 5% hits a 10 SMA of lows. I can use the 10 SMA of the lows as my trailing stop.

Trade duration can be 20 days plus.

I thought I had to develop 3 completely different trading systems for different times frames but because my buys points seem to be fair enough I need only change the type of stop. The buy setup is always the same.

The key for me has been the 5% stop on the lower band reducing my loss maybe locking in some profits before I decide how I want to let the trade run.

I am not suggesting having 3 trading systems but just suggesting the duration of how long a trade will last for can be based of the type of stop you have. If your buy points are fair enough and you want trades to last for a month or so I hope I am not out of line by saying examine the type of stop you have.

I must say I have had problems with the inital stop and letting profits turn into loses before. The 5% thing has help me address this deficiency in my trading.

How has anybody else change there system to address an area.

tbreak

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Thursday, December 14, 2006 - 06:22 pm:

Hi Captain,

Show me a Back Tester
and I will show you a FLOP!

You have got me curious to what you mean. I personally don't like computer back testing programs and could sort of agree with you there but I do try to examine my trading against myself looking for strengths and weaknesses.

ittrader

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Saturday, February 03, 2007 - 06:48 pm:

Hi Tbreak

As the name suggests I trade using IT, and backtesting is the way I generate the rules, which I then supervise the computer implementing.

Look at backtesting as a form of simulation, as with flight simulation, to be effective it has to be done properly, but it can be done well.

Backtesting is just simulation for trading. There are a number of issues that must be considered otherwise the becktests fail due to a problem generally called curve fitting, however this too can be done and can provide reasonable returns, along with the simulations almost totally matching reality.

For better or worse the worlds funds are moving that way.

tbreak

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Sunday, February 04, 2007 - 05:57 pm:

I must admit I have not put much time into the finer points of backtesting programs.

canam

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Friday, February 09, 2007 - 08:57 pm:

tbreak - I would not even contemplate trading a system that I haven't backtested! But then again, it could just be dumb luck that I take money from the market ;)

cc's "flop" - that would be the sound I make as I fall into bed with the complete comfort of knowing that my trading system(s) work and I have a stress free nights sleep - and have been for a number of years.

Going travelling o/s for 6 months in 7 weeks - and my mum will be managing the trading while I'm gone so I don't have to think about it and try to fit into various time frames. Yep, taking the PC over to her place, the download software is in "schedule" so all she has to do is run a scan any time after that happens, and then put the orders in.

Cheers
:-)

Profits are the bi-product of your system - Following your system is the goal!!

ittrader

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Saturday, February 10, 2007 - 02:21 pm:

Agree totally, and I do the same except replace "mother" with "wife" and add "on a regular time basis".

I can then generate new stratagies (backtested of course) while she simply follows the existing system.

canam

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Saturday, February 10, 2007 - 03:54 pm:

ittrader
Like your style :-)

I've tried the 'getting the gf involved' but to date no luck - oh well - she'll make a good travel companion anyway - LOL

Profits are the bi-product of your system - Following your system is the goal!!

captain_chaza

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Saturday, February 10, 2007 - 07:31 pm:

Back Testing (as described above) only works in Roulette
Where every slot is the same size!

It is never so simple at sea on the Global Exchanges

Unfortunately at sea there are many Sizes and Classes of sail to select from!!!

The problem you will firstly face is to Judge any ONE of the Top 20/50/100/300/or Rest of the ASX sails to be of equal personality and temperament!!!!

If you can do this then Please proceed!

Secondly you will then have to Use EOD data or Other Data
to Back Test
Your decision here is also vital !

Salute and Take Care in Wide and Incorrect Parameters that cannot be tested to the fullest except in the Real Light of Day at sea

Capn

PS Crikey Duggie! The Seas are littered with back-testers floating in submerged containers nowadays
Haven't you noticed?
And
BTW No Back-tester ever joins in on our Weekly Comp
Go Figure!

dug

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Sunday, February 11, 2007 - 10:44 am:

Charles,
Several professed Back Testers enter the weekly Comp so you shouldn't bash them on that account.Their Main Problem seems to be that they don't use IC.
Colin's programme is not indulging their Computer Skills enough it seems to me.

I have vague ides about what you mean about the Class of Sales rabbit.Am I on the right track if I interpret it as Suggesting that Blue Chips are not the Proper,Controllable to a Plan,SAFE vehicles many believe them to be?
Like "They" think that somehow Risk is more manageable if they "Do" only Name,Celebrity Shares?Personally I reckon a lot go in for Top 300's so it appears they are proper'n'decent when they come d'Yabber in the Bar,at the Barbie or down d'Cafe,Charlie!That and so they can Gear,of course.

Further I'd be fascinated to hear how they simulate various Market Conditions.Like do they study,backtest 1987?Or is Market Rout to them like last May?

Anyway,I'm a luddite with not much computer skills so this BackTesting Lurk is a bit beyond my comprehension but have you noticed,Chuck how They always pronounce that Their System has been Tested,this is said proudly and definitively,then They won't lay out ANY parameters of such System,They just retire into Secrecy,ninny,whinny,waffle about "I'm not going to disclose my Work" etc blah.

Anyway,got to go off for d'Day.
Happy Trading.

tick [1] VWAP in the upcoming "Whata we Want" subscriber poll of additions to d'Value 4 $'s IC chart programme.
VWAP is d'Tool of Professionals,TRUE!!

smallworld

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Wednesday, February 21, 2007 - 11:15 pm:

An interesting view by Jake Bernstein, author of the The Compleat Day Trader

"Although I am not opposed to system testing, I do believe that there are inherent dangers in taking the results of system tests too literally. Let me explain what I mean."

A trading system is merely an approach to organizing facts and understanding relationships about markets. Presumably, the idea behind a trading system is to arrive at a series of steps which, generally translated, result in expectations based on if-then scenarios. It is presumed that by following the procedures and rules of a trading system which has been effectively back-tested, the trader will, assuming perfect adherence to the rules, produce profitable results. At the very least, it is hoped that the trader will stand a better chance of profiting through the use of a trading system than through the use of no system.

I have serious doubts about both assumptions. Here's why. A trading system is developed by imposing a hypothetical and artificial framework upon a set of data which has a considerable amount of built-in random behavior. The course of trading system development consists of trial and error until an effective combination of market indicators has been ascertained. These indicators, frequently combined with principles of risk management, purportedly indicate what would have happened historically had they been applied to the particular market or markets. In the vast majority of cases, the trading system themselves do not reveal any underlying truths or realities about the markets but rather reveal that a superficially imposed set of rules can result in acceptable results provided the two essential elements of all trading are contained within that system. And these two elements are the limitation of losses and the maximization of profits.

In other words, extensive system testing reveals that the vast majority of trading systems produce results which are accurate 50 percent of the time or less. Trading systems which are correct 60 to 75 percent of the time are fairly rare, and those which are correct 70 percent of the time or more are extremely rare (assuming a reasonably large data sample). The lengthier the historical test, the less accurate the results. Statistically, this is called regression to the mean. Putting it in plain old-fashioned English, most trading systems don't work. And again, in plain old-fashioned English, trading systems which have the principles of risk management built into them increase the odds of success dramatically.

On a personal note, I've derived much profit from my backtested systems.

kate

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Thursday, February 22, 2007 - 08:33 am:

Smallworld,

I found that that excerpt from Bernstein's book very interesting. I read something similar by a mathematician who said some forms of professional gambling - I think it might have been blackjack or roulette - gave better returns than share trading. The book was aimed at the general public so it lacked the statistical rigour but was thought provoking nonetheless.

There is an alternative theory on trading systems. It is that trading plans have an advantage for a period of time then revert to making little or no money. I think it works on the idea that as a profit making pattern emerges the longer it lasts the more people recognise it and use it as well. Eventually, this results in the loss of any advantage so the system has to be altered or another system found.

Regards
Kate

eric

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Thursday, February 22, 2007 - 10:46 am:

I would rather call it a trading plan as opposed to a trading system. I have, over the years, established a trading plan that works well for me. However when I look back at my notes even over the last 2 years,I am surprised how much this plan has slowly changed. Times change the market changes, I change. Over the last 4 years my plan has worked well, but it is not the same plan over time.

BTW, I can for the life of me not make any money out of CFD day trading. I am experimenting with a small capital base, only allocated for CFD, but no joy. I think I give day trading away for a while and observe some paper trading very closely.

My best profits, consistent profits, seem to come from my medium term (2 months to 1 year) portfolio.

Eric

Time frame: as long as it takes

canam

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Thursday, February 22, 2007 - 11:42 am:

SW - an interesting article. Some of which I can agree with, some not. But then it all depends on where you are coming from doesn't it. I agree on the "vast majority of trading systems produce results which are accurate 50 percent of the time or less". Of teh hundreds that I have tested, both my own ideas and for others, this certainly seems to be the case. I do however trade one of these systems. I also trade one that has a 78% profitable trade ratio. They are like chalk and cheese - probably why they give such different results. I do like his closing comments though - "trading systems which have the principles of risk management built into them increase the odds of success dramatically" - I wonder if the comments on unreliable systems was based on ones that don't have these elements. Another interesting thing I have found in my years of coaching is that it doesn't matter how black and white teh rules are - because they are traded by humans there is the element of human nature taking over. Women, I have found, (I'd better duck for cover here - LOL) tend to make better traders than men - they are more logical and find it easier to stick to the rules.

Kate - agree with the "then revert to making little or no money". Trading systems tend to be cyclical. What you may find happening is that people who start trading a system/plan are happy whilst it produces good returns, but, when it has dull moments they think something is wrong and stop trading it and try something else, whereas they 'may' have found that if they had continued with it it would came back into its profitable stage again? I'd suspect the mathametition that found gambling to be better than shares was a gambler, like the real estate guru that says that r/e is better than shares, like the share trader that says shares are better than r/e. Me, I invest in all fields - except gambling :-)

Eric - CFD's are a challenge to a lot of people, for a variety of reasons. Day Trading - do you mean buy/sell the same stock multiple times in the day? This is (in my opinion) the hardest form of trading and essentially a full time job. I know someone who does it successfully, I have not mastered it. 99% of my trades are CFD's. I like them. But then, there are CFD providers and then there are CFD providers. You need to fully understand the limitations and benefits of each supplier and either work with their rules or find another one.

Profits are the bi-product of your system - Following your system is the goal!!

eric

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Thursday, February 22, 2007 - 11:58 am:

Canam, I have no problem with the CFD provider. I don't do multiple trades in one day, just one trade. But I have not yet mastered picking the right stock and judging it correctly. No doubt I will learn. It is purely my doing, not the provider's

Eric

Time frame: as long as it takes

kate

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Thursday, February 22, 2007 - 12:16 pm:

Eric, like you my main plan has slowly changed over the years, probably a combination of changing market conditions and the subtle learning we incorporate.

Canam,
I never alter my money management or stop loss rules but I do "tweak" the rest occasionally(see above).
The mathematician was neither a gambler or share trader. You could pick a million holes in his arguments, much like you can whilst reading a "scientific article" in a newspaper. I just thought it was an interesting way of looking at things and perhaps just confirms how difficult it is to be successful at share trading.
From what little I know, with a big enough bank, professional gamblers can use probability to be successful. Not for me though!

Regards
Kate

hilarius

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Thursday, February 22, 2007 - 12:27 pm:

Eric

One of my goals is to buy an 80 Day Cruise in the State Room of the Queen Mary 2

I understand that this costs $ 250,000 per person

Or is it 250,000 pounds sterling per person?

How much capital will I need to pay this from income on my investment portfolio, while still having enough income to live in the same style for the other 285 days of the year?

Is this achievable?

With Best Wishes

Hilarius

I come in peace to share my thoughts and to shine my candle light on possible long term opportunities

ittrader

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Thursday, February 22, 2007 - 12:38 pm:

$3,267,492.98

hilarius

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Thursday, February 22, 2007 - 12:57 pm:

Thank You IT Trader

Are you in the market for providing interest fee no doc loans of approximately that amount?

Hilarius

I come in peace to share my thoughts and to shine my candle light on possible long term opportunities

canam

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Thursday, February 22, 2007 - 02:22 pm:

ITT - what's the 3.2m? H says he needs 1.1m p/a to live. :-)

That'd be an impressive 35% return on his capital. Still, if ya had it - why woudn't you do it. I'd probably elect the purchase of a Keonig - or would I take an XJR-15 and have some change to buy other toys and travel - LOL

Kate - sorry - didn't men it to sound as though I was having a go at him/her. I'm sure there are professional gamblers that do very well for themselves. What I was trying to say is it comes down to education - the thing that you master is what you're best at. I hate those seminars though that profess that their method works and the others don't. Irks me - I switch off as soon as they start talking.

Eric. Keep at it - you'll find a system that works for you - just be careful not to keep changing based on a 'circumstance' at that time. Pick an idea - backtest it, see if it has merit, identify the good and bad points and see what can be done to improve things. If you want it it will come :-)

Profits are the bi-product of your system - Following your system is the goal!!

eric

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Thursday, February 22, 2007 - 02:47 pm:

Canam, my trading plan works find and has so for the last 4 years. But it needs the odd adjustment as time goes by and one does not notice how much it has changed, unless we look back.

What I have not yet mastered is a trading plan for intraday CFD trading.

Eric

Time frame: as long as it takes

eric

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Thursday, February 22, 2007 - 02:52 pm:

Hilarius, go and see pwrkd and you will get on the Queen. Just use his idea

Eric

Time frame: as long as it takes

canam

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Thursday, February 22, 2007 - 03:01 pm:

Eric - so are you saying you want to day/intraday trade?

The chap that I know that is successful, and this is the only way I have seen it be successful, sits in front of the screen. It is a full time job. He may trade a stock once that day, or he may trade it ten times depending on teh movement, yet, he can't afford not to be sitting there and watching it as to make it work you have to use huge parcels of shares as you are trying to make profit from anything over $0.01 moves.

Are we talking about the same thing?

Oh yes, he also only trades the one stock, and I mean literally, he has traded the same stock for a couple of years now. His explanation is that he has gotten to know that stock and its particular habits.

Profits are the bi-product of your system - Following your system is the goal!!

eric

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Thursday, February 22, 2007 - 03:05 pm:

Yes, Canam, you have to sit in front of the screen. I am happy to do that. You can't trade a really big parcel, it all depends on liquidity. My problem is picking the right share at the right time. My selection plan does not work yet. getting to know a few shares intimately is the way to go.

Eric

Time frame: as long as it takes

canam

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Thursday, February 22, 2007 - 03:29 pm:

How do you make profit out of 1c moves with a small parcel of shares?

Is trying to daytrade without liquidity like playing russian roulette? Surely liquidity is a pre-requisit for daytrading. ie; no-one playing = no movement???

Profits are the bi-product of your system - Following your system is the goal!!

eric

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Thursday, February 22, 2007 - 03:39 pm:

Depends what you call a small parcel. Liquidity for big parcels is the problem. However as I said, I have to find the right shares to day trade in. Different to the Yanks, where they have huge fluctuations on a daily basis

Eric

Time frame: as long as it takes

canam

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Thursday, February 22, 2007 - 03:56 pm:

Haven't looked into it that hard but I'd suggest that you'd be trying to use the top5-10, you might get away with the top100 but I'd suspect liquidity is going to be your downfall there?

Profits are the bi-product of your system - Following your system is the goal!!

captain_chaza

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Thursday, February 22, 2007 - 05:56 pm:

Ahoy Sea-Cadet Eric

Show me an Intra-day trader and I will show you a LOSER!

Show me an Intra-day trader on CFD's and I will show you a BIGGER LOSER (multiplied by the leverage)

But Surely, The BIGGEST LOSER OF THEM ALL is the one who uses his Credit Card to place a Leveraged bet/investment on the outcome of any event in the one given day

The daily candlsticks prove my point
After the open there is seldom enough room to move

I have challeged these liars in the past to no avail
Let's hope you get what you want to hear?

Salute and Gods speed
Capn

(Message edited by Captain_Chaza on February 22, 2007)

eric

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Post Number: 104
Registered: 09-2006

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Votes: 0


Thursday, February 22, 2007 - 06:41 pm:

Capt'n, you may be just about right there. I just want to try and explore. Risking a little bit of money for a learning experience is a good investment

Eric

Time frame: as long as it takes

eric

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Post Number: 105
Registered: 09-2006

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Thursday, February 22, 2007 - 06:45 pm:

Canam,
Following your system is the goal!!
the system is my way to achieve the goal
Eric
}

Time frame: as long as it takes

smallworld

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Post Number: 707
Registered: 01-2004

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Friday, December 21, 2007 - 09:24 pm:

I would just like to hear from all those who had contributed a year ago. How have you improved this year?

Rugby is just a game, it isnt a matter of life or death, it is more important than that

canam

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Post Number: 32
Registered: 05-2006

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Votes: 0


Saturday, December 22, 2007 - 12:12 am:

Hi Eric
Granted the system is a vehicle - though, if you ultimately pursue actually following the system (something that most people cannot do) you should achieve what you are setting out to do. The english language is so complex - LOL

Hi Smallworld
OK, since my post in Feb/07 I went travelling overseas to the USA for 3 months, bought a car, saw a lot of America and Canada and SNOW!! I'd never seen snow before and went skiing in Whistler. That is the most amazing place - what a buzz!!
Then went to Europe for 3 months and saw some amazing places throughout Switzerland, Austria, UK, Germany, Sweden, Prague, Italy - and now I am hankering to get back there!!!
I own a fairly rare race car and was privileged to visit and drive other examples in several countries across the globe.

Trading - Following my 'system' to a 'T' (whilst backpacking with my trusty laptop) the only pitfalls I have discovered is the actual delivery of CFD products.
Having said that I was up 100% on my trading float pre July this year, and since, the market "feel" seems quite different and so my system is not firing as many trades.
Having said that I have since my return to familiar shores returned to my studies of FOREX and found that it is complimenting my CFD trading nicely. I seem to have found a nice balance between "when one market is quiet the other fires along".
Cheers
:-)