Happy Thanksgiving from Canada!
October 10, 2010 Update
If you are living in the US, your Thanksgiving Day is in November. In Canada, we celebrate our Thanksgiving in October. Canada is geographically further north than the US; hence, our harvest season arrives earlier than the American harvest season. Previously, we celebrated our Thanksgiving in either late October or early November, but it was moved to the second Monday in October to avoid having Thanksgiving and Remembrance Day (November 11) in the same week. Even though Thanksgiving was declared a national holiday in 1879, it was moved for convenience. Life is all about convenience. For those of you that are still hanging onto your trading indicators, sooner or later, you will move toward expert advisors because of convenience. Resistance is futile. You will be assimilated.
If you don’t see the benefits of expert advisors, you will never use them. Let’s have a look at our Jasmine trading system. We are six open EURUSD buy trades with 146 pips floating profits, see attached chart. Four and a half month ago, we started our account with $10,000, and we now stand at $16,067, a 60% gain. This is 6,000 pips gain, and if it were compounded, it would make a world of different in our results. As you're aware, I am not a big fan of compounding; hence, we will continue our fixed lot trading.
Wishing everyone a Thanksgiving filled with joys, warmth, and happiness.