DON’T THINK, DON’T THINK, DON’T THINK!

I am holding my hands up on this one.  In the many seminars I have led, one concept has always been at the forefront.  DON’T THINK, DON’T THINK, DON’T THINK!!

The obvious truth is we have no idea what the market is about to do.  Nobody has, which is why so many people fail, as they think they do and freeze when they are wrong.

Well, it seems even I, the teacher, has fallen into the trap I always preach not to do…and THINK.  My THINKING was that a pullback must come first before another winning trade will show up, so I missed a huge winner, not the biggest ever, but its up there with the best of them.

The only positive thing I can say is that historically the system is working great.  It is a good thing to see it do so well and reach equity peak after peak since ETF’s first started trading, even if it does it without my dollars on the line.

The stats on my favourite, the QLD, are phenomenal.  Since it began trading in 2006 the backtests show an almost 1700% cash on cash return.  The system is only right 50% of the time, but crucially lets its winners run, meaning on average the wins are almost 3x as much as the losses.  The max drawdown historically peak to trough on the equity curve is 20% which isn’t so bad all things considered (2008, 2011, Brexit etc.)

Bottom line:  I will be re-starting the service on the close of the monster trade in the picture above.  I am looking now to scale down the system to trade only the QLD, knowing that over time I cannot fail.

Therefore, when I do re-start, the service will only be $17 per month to cover the cost of the website and admin etc.  I think this is fair.  Previously I charged $97 per month, but as I have stated in the past, this truly is a labour of love for me.  I know I can help others here, I spent 8 years on this system and it’s too darn good to give up on and not share.

I have other systems that are just as good if not better and that is why I can share my trades in this one without worrying if it will hurt my trading.  It’s a question I have been asked often, “why do you do this?”.  Why not?  And simply because I can.  The QLD has MASSIVE liquidity, so there are no concerns there even if 1000+ people where following the trades.

But rest assured that when I do re-start, I will not waver, nor stray from the system again, I have learned my lesson and it was costly.  So once again I state, this time to myself:  DON’T THINK, DON’T THINK, DON’T THINK!