YOU GOTTA RESPECT THE STREAK
( FUTURES TRADING EDITION )
We have quite a streak going in our Bond System right now as you can see above. Since I made this available at the beginning of August these are all the trades that have taken place. There was actually one more I gave a few people at the end of the prior month while I was getting organized that made another $600 which is not counted in the tally here.
We have had 13 consecutive winning trades at this point and of course I am worried! Obviously I want everyone to do well and clearly everyone has probably gotten way more out of this than they ever could have imagined 2 months ago. I am thrilled it has worked out this well since my reputation is on the line with this. Here are a few things I want people to keep in mind with this.
1) This is a trading system it will have good and bad periods, it will not always be this good I can promise there are going to be losing trades.
2) Do not start pressing the bets, maintain your money management strategy.
3) Do not start pulling back your bets, maintain your money management strategy.
4) Do not impose yourself on the system.
5) Respect the streak.
It is very hard not to get excited when a streak like this happens. Money comes in effortlessly and you start doing the math in your head about the millions this will add up to eventually. Please do not get ahead of yourself. The purpose of using a system is to take emotions out of it. Believe me I have seen plenty of systems over the years have very bad periods. This is the one I have that has survived over the years and continued to do well. However, I still know there will be draw downs even though we are not seeing one yet. I know they will happen when someone who has been watching finally decides to jump in having missed this huge run and they will be mad at me when they take losses. I cannot control this.
One mistake many make is to start pressing bets when they are "hot." This is the old vegas style approach. There is a reason why all those casino's do so well and it is due to you pressing your bets when you are hot. What I do when I go to vegas and play black jack is when I get a hot streak I pull my chips and get up and stop. I may go to the pool, or somewhere else, but I never press the bets. I know the odds are against me so when I get a streak I take the money. This is why I always leave Vegas in the black. It is never a huge stash, but it is a net plus experience. I don't trade or gamble for the action and I don't gamble much anyway. The odds are against me there. Stick to your money management rules about how many contracts you trade and do not press it during a streak like this.
At the same time do not pull back on it either. The way you get the system results is by following it not by out smarting it. It will out smart you if you try to do that. Everyone knows I made one judgement call with a trade that worked out very well for us. I am the creator so I know how this is put together. That decision was based on rules it was not a whim. Even with that aside I rarely do that.
Do not impose yourself on the system. I know some of you are seeing patterns on 15 minute or 60 minute charts that are lining up with something here or there and you are thinking you have this figured out. Trust me you do not. There are so many different components in this it would be virtually impossible for even a huge computer network to figure out how this works. It is just a different mind set you need to have when trading this way and it is not for everybody. The results are certainly what everyone wants.
Respect the streak. There are some funny lines in movies about this type of thing and they really ring true. If you are on a winning streak because you sprained your ankle or because your mother went to church and prayed for you, then so be it. You don't want to mess up a winning streak. Keep doing what you are doing and it will end on it's own. It is hard to learn to roll with them believe me I speak from experience. Every single error I have mentioned here I have made myself and that is why I am telling everyone this.
We have to roll with this until it stops. This system has had much longer winning streaks than this in the past. It has also had bad periods. Let's just let it be and see where it takes us. One thing we will not be doing if we get on a bad streak is going to a local bar and sleeping with a fat person to break the slump. I have never signed off on the slump buster solution!