18-12-07 - Finally the seminar is over

2nd day moves fast, mainly because I am late for the seminar due to jam.

Its about fundamentals. I am not really interested.

The position sizing and trade management is ok. I learnt a bit from there.

Overall i dont really learn much from the seminar.

Summary of findings at the seminar
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(1) stop loss & limit order adjustments when trade move in our favour.
(2) Day trade S&P500 using 3min chart, with RSI, Stoch slow(10,10) and Bollinger
band as entry signals.
(3) How to use City Index's trading platform.
(4) Every guaranteed stop loss = $4 for trading S&P500 and DJ indices.

Dhillon focus a lot on money management, psychology, trade management. He focus little on chart signals, indicators etc.

His focus is justified as most ppl dont know how to do money management.

What I plan to do from here
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Day trade S&P500 and DJ using day, 15min and 3min charts for 1mth.
record down the winning % out of first 20 trades (1 mth = 20 trading days)

Goal = 75% success rate (ie. 15 out of 20 trades win).
Risk : Reward = 1:1 ($100 profit, $100 cut loss for every trade)

Fund $1000 into City Index, and trade S&P500/DJ for 6mths.
If 75% success, monthly profit = $1500 (wins) - $500 (loss) = $1000 net profit
(no commission, no other charges).

6 mths * 1000 = $6000 net profit.