Jerry;
As the year nears a close, I decided to take a hard look at my activity and the resulting successes/failures related to my trades. It was a bit difficult to track, but I'm certain that I came very close, operating out of three accounts. First let me state, that after having completed all three courses over the past 14 months, I can say without doubt, that I am more knowledgeable, more confident, and much more careful about how I trade. Although Trade Management was new to me, and well taught by you, Money Management has been a part of my life's work. Money Management takes on somewhat of a different meaning when you are coupling it with Trade Management. I've become a consummate student of both tools. Now for the good stuff. I began my classes last September 2010.
I didn't do much trading the first few months, and also didn't use the Virtual Site as much as I should have. It is an invaluable tool. I use it regularly now, along with my real trades. During the past roughly 12 months, I planned and made a total of 83 real money trades (many of which were disasters for the first 4 trading months). I've since turned that bad habit around. Bottom line; 32 trades hit target. 9 trades were unwound at a profit, just because I wanted to "feel good" that I didn't lose money. 4 Spreads were unwound prior to Expiration, all of which were profitable, yet all of my spread trades yielded less than a 2/1 profit ratio. 37 trades, 16 of which were naked trades lost money, with 21 trades stopped out at 50% -30% loss (and in several cases when markets had wild days, the loss was even greater than 50%. The preceding sentence illustrates that I used tighter stops on a number of trades, or perhaps adjusted my stops in mid stream.
I did some simple math beginning with my initial deposit to the real money accounts, added a few deposits during the year, took an "average" account(s) balance for the 12 months and then subtracted that amount from my current balance(s).
I'm proud to share with Jerry and my fellow students that slightly over 54% of my total trades were profitable. My current account balance, (based on my "average" account balance), is up over 78%. If you were able to follow the sequence of my comments above, you will note that I did not earn on average 2/1 or greater on my total trades, which is what we all strive for. But, on the other hand, if I am able to grow this account in a similar percentage amount for the next 5-10 years?????, well, we all know how super that would be! Additionally, what I did accomplish was not easy, in fact, I worked harder than I have worked in years.
Without Jerry McCann's invaluable help, coupled with my hard work, this would never have happened. I'm proud to have shared this information, and I have one last comment. I don't know if there are better courses out there. I do know that from my perspective, Jerry McCann is one of the best Teacher/Mentor's I have ever had. Jerry, your the best.
Michael