I little post for my Etoro copiers

Dear copiers,

I am writing this blog post for you to explain a little bit on the situation that occurred last week. You know we made some nice gain in the beginning of the week and loose it at the end.

Just want to share my view on this situation has I said before I already lived this situation before but has the numbers of copiers grow on Etoro I think the least I could do is give some explanations on the situation for you to better understand what’s going on.

As an long term investors trying to pick the right instruments to invested in could be hard, in facts I am often wrong , which is okay because it is a part of the game, the deal is we need to loose less with our loser and win more with our winners.

And we face a lot of looser at the end of last week that all is happening and will happen other times in the future.

I could be creative and try to enhanced my strategy with super indicators and long lasting research, but in the end it will less productive has i will miss profit by entering the market too late or getting out too soon.

Loosing is a part of trading activities it cannot be avoided , it can only be managed.

Miguel Bousquet 

2017-09-24 market update

Based on my strategy I place those markets orders

*Please take note that are only market orders*

$audchf long at 0.7735

$audjpy long at 89.60

$cadjpy long at 91.45

$chfjpy long at 116.00

$eurchf long at 1.1625

$eurgbp short at 0.8790

$eurhuf long at 310.10

$eurjpy long at 134.45

$eurnok short at 9.2865

$gbpaud long at 1.7170

$gbpcad long at 1.6745

$gbpchf long at 1.3180

$gbphuf long at 352.40

$gbpjpy long at 152.80

$gbpnzd long at 1.8660

$gbpusd long at 1.3600

$nzdchf long at 0.7125

$nzdjpy long at 82.30

$usdjpy long at 112.60

$zarjpy long at 8.505

$oil long at 50.80

You can view my etoro portfolio for all my active positions

https://www.etoro.com/people/miguelbousquet

it's been a long road...

On the personal level

First, I am proud to announce to you that my wife gave birth to my third daughter, Alice, on April 7, she keep me pretty much busy all the time!

Second, my wife and I bought our self a new classic car!

Third, we are on lookout for buying a new house, we want to buy our first house together!

And you know its summer vacation!

On the trading level

Thing could not been any better, all fell in place perfectly a month ago. No better feeling then that! I clean up all my chart with the KISS rules. For the one who don’t know what is the KISS rule, its easy, Keep. It. Simple. Stupid.

Thanks for all the new copier that get on board lately. Your support and your trust is really really appreciated

I am also looking for a career in forex trading. I may have found a place in Montreal but their conditions doesn’t work for me. Maybe I will work on starting my own corporate fund…to follow!

Miguel Bousquet

You can now speak with me on whatsapp: (+1)4505181110

You can see my etoro profile for market update!

Let's have some discipline

Happy Sunday everyone

I hope you enjoyed a nice weekend. In the coming weeks I wish to work on my personal discipline. I made a lot of adjustment lately on the account concerning which pair I’m going to trade and what time frames I am going to use. I made some changes on the money management and on the strategy itself too as I want to simplify the way it was working. I also set up a calendar to take note of my daily statistics.

All those adjustment took a little bit of the account equity. For now I really feel that all my stuff is good and nothing need to be change anymore. So all I need to do is stick to my plan and leave it untouched for a good moment.

I wish everyone a nice week ahead!

You can see my etoro profile for market update

Miguel Bousquet

Email : miguelbousquet1986@gmail.com

Setting up a personal account calendar

Setting up a personal account calendar

Today I am setting up a calendar for the account to have a better idea on how the account behaves when high importance news is release. I am doing to maximize profitability on the account and I really like how take note of everything can boost your confidence in trading!

Before I was using the result straight from my broker and I was doing it on a weekly basis which could be fine but could be wrong at the same time as I cannot see really well where it went wrong and have could do better result because of those subtle mistake. I am pretty sure I will be able to do less mistake with that calendar.If you want to set up your calendar i find my Excel monthly calendar template here.

Trading against the retail Forex market

Trading against the other retail trader or against the crowd is something that I did most of the time and I will always be doing it. I think it is healthy doing it sure it is not a certitude but when my strategy is against the crowd is it where it work the best. I always feel more comfortable in those times.  Just a little tips that I use!

You can see my etoro profile for market update

Miguel Bousquet

Email : miguelbousquet1986@gmail.com

Best time to trade!

Best time to trade!

Today I want to share with you the improvement that I will to bring to the account during the coming week. I want to improve the profitability of the account by focusing on the better day to trade during the week. So how it is going to work on the weekly basis on Sunday night I will open position on the weekly analysis only and on Monday to Thursday night I will open position based on my weekly and daily analysis. On Thursday night before Asian market session I will close all positions to go through Friday and the weekend without exposure.

Why I bring this improvement?

I came to this decision as I find out that I often lose money on Friday and by bringing this improvement I will reduce the risk exposure during the weekend. Sure I will have to pay the spread on position that I would have kept open before this improvement. But on good side I will cash in profit so it will produce a compound interest effect on the account has I will have a bigger equity on Sunday night.

I wish everyone a nice profitable week.

You can see my etoro profile for market update

Miguel Bousquet

Email : miguelbousquet1986@gmail.com

Lessons learn today…

Lessons learn today…

Today I lost around 7.00% on total equity (unrealised/realised equity) on the US fed interest rate decision. I made a big mistake on this one to thing that my long term position could not be affected on this risky event! So I assume my mistake and note it in my guide line book so this kind of mistake won’t happen again. And remember even if you are pretty sure of the outcome of the big new or event, the direction is not known yet!

It’s important to note your success and mistake!

I think by noting your mistake and success you will avoid making your mistake again and helping you to repeat your success. With discipline following your guide line and your plan that you have noted down you will be successful!

Have a great rest of the weekend

Miguel Bousquet

You can see my etoro profile for market update