Dubai Or To Sell? » General

A Tribute

dubaitrader — Thu, 29 Apr 2010 09:10:09 +0000

To my friend Christophe; you will never be forgotten.

“See the lights out on the water – Come and go, to and fro – In the time it takes to find them – You can live, you can die – And nothing stops the river as it goes by – Nothing stops the river as it goes – - – All alone and all together – Every day, come what may – By the time we find …each other – We can live, we can die – And nothing stops the river as it goes by – Nothing stops the river as it flows…”

Cruel

dubaitrader — Sat, 24 Apr 2010 17:36:17 +0000

It’s been a miserable week and haven’t felt like blogging at all. A friend lost his life yesterday on the racetrack and it’s knocked me for six. I’m really struggling to come to terms with it. I also found out my Uncle has malignant cancer which is taking hold very quickly.

Not much else to say except I’m trying to sort the house out and the pets and also trade and it’s not mixing so well. Going to try and relax and get my head round things over the weekend and try and focus on the future.

Over and out.

Clean Sweep

dubaitrader — Sun, 14 Mar 2010 17:57:20 +0000

A little update for the racing fans amongst the few readers…

It was a very good weekend despite the lack of qualifying races for both systems I’m running. Plenty of amateur races on Saturday, Hunter Chases and NH flat races. System 1 went 8/8 over the weekend which pushed it over the 10% profit mark after 25 days. Strike rate is up at 88% for now, but I expect this to fall to around 86% over the course of the year. I designed it in mind with it being a slow but steady earner and initial results go along with that theory. It certainly isn’t going to set any records alight but slow and steady never hurt anybody and an extra 10-15% a month is mighty fine over the course of a year equating to 400% in that time. Still early days though and the next few months should be interesting.

System 2 recovered very nicely after a blip on Friday where it dropped 4% but then immediately made it back and more on Saturday and a good day today took the weekend to 7/7 and an overall profit of 25% after 17 days. Strike rate is up over 91% and I’m absolutely certain that this will fall back also like system 1 to be around 86-87% over a year.

The beauty of both systems is the staking plan. Maria famously used it to turn £3,000 into £100,000 in a year back in 2005-2006. Maximum exposure is 4% but with the systems I’m running, average exposure has been 3-3.5%. It’s ideal for what I’m doing and hopefully something good can come of both systems.

I’m just hoping that the racing form can transfer to my trading this week.

Risk Intelligence..

dubaitrader — Mon, 08 Feb 2010 07:41:03 +0000

Something I found whilst browsing a very good blog of Mark Iverson was a very interesting test. It measures your ability to measure probabilities accurately. The instructions are very simple and it only takes between 5-10 minutes. Like Mark, I’d be interested to hear some people’s results as trading involves taking opportunities when the odds are stacked for you (in my opinion).

Enjoy and good luck; Risk Intelligence Quotient.

Eye from the sky..

dubaitrader — Fri, 08 Jan 2010 11:38:12 +0000

Totally irrelevant to trading but saw this pic earlier and I thought wow! I can’t ever recall seeing the whole of the UK under snow. Well I haven’t been alive all that long, but you get what I mean..

Trading related news; GBPUSD decided it’d play ball this morning after all and some nice gains were caught, there is now the calm before the storm that is NFP! Some wise words said on the JFL blog, ‘when in doubt, please stay out’. Hope you all have a good weekend and if you’re in the UK, manage to break out of that massive blanket!