Happy New Year 2010!

Dear Readers,

It's been awhile since I posted on my blogs.

I had a hard drive crash and had to get a new hard drive. Luckily I had everything backed up on 1 TB WD External Hardrive. That's why it is so important to back up all of your information, photos, videos, etc. onto an external hard drive and or use Carbonite. You never know when your hard drive is going to fail.

Anways on to Zulutrade! It has been an interesting journey to say the least.

I started with $5,000 in July 2009 and made all the way up to $6,500 in less than two months. I then lost $3,000 over the next few months leading up to Jan 1, 2010 when I broke even with my $5,000 initial investment. The lessons I have learned up until today are priceless!

Would you like to know a few things I did to prevent from losing valuable capital as much as possible and eventually building my account back up? The answer is to not invest any capital at all! Just kidding...that would do it though! ;)

The truth is I reduced the total max positions on all of my systems and reduced the total max positions on each currency that each system trades down to 1 and increased the stop loss to around 400 plus or minus on each system. Now you are probably asking yourself, "hold on a minute there, aren't you 1) restricting the system from doing it's job, 2) not letting their strategy play out and 3) not allowing the system to accumulate the pips faster by having more positions open etc?"

And the answer to your question is a resounding yes!!!

Let's look at the numbers and let them speak for themselves.

My live account equity balance as of today January 21, 2010 is $3,775.23 with $566.44 in open positions.

So far this month I have made 166 pips or $199.75 and the month is not over. That would equate to 5.3% so far for the month with the open positions. That's not the best return but it's not bad either. Wouldn't you say? I believe my balance would have been higher had it not been for two losses this week with the sudden drop of the EURUSD or US Dollar strength. I had a Buy position with Hidalgo that hit it my hard stop 400 and I had EURUSD Buy position with Surfing that hit my hard stop of 375 pips. Since the EURUSD turned around and headed up from the 1.4030 price, I have increased the stop loss of Hidalgo to 475 and Surfing to 400.

A tip or trick if you want to see how low a system providers trades have gone down is to click on the Performance tab and then click on a system provider and then click on History tab and then click on Low. In my opinion if you see the first page with trades that have gone down more than 500 pips, stay away! It may be tempting to trade using their system because maybe their equity curve looks great but you and I both know you can't judge a book by it's cover. These are the same systems taht have more than 2,000 pips in open positions dating way back to the year of the flood. Why bother with them anyways when there are so many other decent system providers out there.

Now up to now you may not agree with my philosophies and that's ok. On the contrary, I would love to hear your philosophies and your trading experience using Zulutrade. This is how we will be more profitable at trading using Zulutrade and with a lot more fun and a lot less stress and worry.

Here are the systems I am trading and my settings:

1) fx168fx - 1 Mini Lot - 1 Max Total Open Trades - 1 Max Open Trades/Currency - 475 Stop Loss

2) Hidalgo FX Capital - 1 Mini Lot - 1 Max Total Open Trades - 1 Max Open Trades/Currency - 475 Stop Loss

3) LowestDD - 1 Mini Lot - 1 Max Total Open Trades - 1 Max Open Trades/Currency - 430 Stop Loss

4) Patterns Searcher - 1 Mini Lot - 1 Max Total Open Trades - 1 Max Open Trades/Currency - 375 Stop Loss

5) SURFING - 1 Mini Lot - 1 Max Total Open Trades - 1 Max Open Trades/Currency - 300 Stop Loss

6) Tech trading - 1 Mini Lot - 1 Max Total Open Trades - 1 Max Open Trades/Currency - 410 Stop Loss

7) The Hunter - 1 Mini Lot - 1 Max Total Open Trades - 1 Max Open Trades/Currency - 250 Stop Loss

8) Tranquilidad carlos - 1 Mini Lot - 1 Max Total Open Trades - 1 Max Open Trades/Currency - 400 Stop Loss

When you restrict a system to open only 1 total max trade per system, you will get the following message in your Zulutrade back office:

An error occurred at 2010/01/20 21:25:11 UTC with a trade on your account...
Did not open 1.0 more mini lot(s) for provider Tech trading SELL GBP/USD. Total max trades for provider setting was 1, open trades & orders for provider were 1.

Just thought you may want to see how that works.

Anyways that's it for now. Happy trading with Zulutrade! When you are ready to open a live account and get started, just click http://ZulutradeLive.com

Contact me between 9-6 pm EST at (305) 389-0170 cell if you need any help setting this up or if you want to just simply introduce yourself. I would love to hear from you and share ideas to help us both become more profitable.

To your success and happiness,

Mike Torres
Miami, FL
http://ForexHosting.com
http://GetPaidToTrade.com
http://MiamiForexClub.com
http://WealthSecrets.com