[wizardt]

ok first off im new to trading only been doing it live for three months.

but here are my rules would appreciate any advice on these.

1. i only use mb trading a true ecn broker. they only require a 400 dollar minimum to open an account. i also recieve nothing from mb trading for having people open an account with them for me to trade.
2. i ask for 30% of the monthly growth so at the end of the month the new watermark is drawn.
3. since i dont have to request from the cient my commission mb trading does it automatically. so i play by their watermark rules.
4. i tell my clients that if i draw down there account by 50% im doing something wrong and i will deactivate the account until i can prove i have fixed my method.
5. i also do not allow the traders to go above 3% on trades i set the mod per trade and that is where it stays i wont risk more thats that.
6. i have had ok weeks and then good weeks and also bad weeks but am up for the past three months.
i keep a very accurate log that am more than happy to show anyone who wants to see it.
7. when they ask me for my growth percentage i say i hope to get about 10-15% monthly. if i do better one month great it is gravy but i dont want to be held to higher than that.
8. i tell them if i lose 40 pips in a session i am done for the session.
9. if i lose 100 pips then i am done for the day.
10.as for wins i work two sessions per day with a target of 60 pips per session if i hit it im done for the day
11. my weekly goal is 300 pips for the week. every thing above that is gravy
12. i give them my yahoo instant messenger id and i usually keep it on while i am trading. so they can live chat with me at the same time.
13. i recommend to them that when i have 100% thier account they should withdraw 50% of their initial investment and when i 150% a second time they should withdraw the other. this may make for slower compounding but i believe it is better to put that money in an ira or something else. for future use.
these are my rules i use i do not go out and solicit accounts they have come to me and i have agreed to do it but they must first accept my rules. is there anything im missing or should add something im forgetting or do not know about yet.