Lazyman's guide

Good Morning Everyone,

Well what could be better after a terrible start to the year than to bag a great return in the very next month, and a great return is what we have managed to achieve coming in at 19.57% for the Month of February!!

Before I go into the market conditions and overview for the month I want to confirm something about withdrawals. They need to be made before the close of play of the 15th of the month. They will then be paid out AROUND THE 25TH, not bang on it!! The money needs to leave the trading account, get wired into our bank account, then get wired into the egold exchanger, who then credits our egold account and I do the transfers to your account. Because there are two wires involved it all depends on how the weekends fall as to how quickly this sorted. We have been doing this now for nearly a year and a half this way and yet people still email me on the 25th asking me where their money is. Sorry to moan but I thought I would tell you all again enmass so your aware :-)

I will be sending the statements out to you tomorrow, and apologize in advance if you get a few copies of it as I sometimes have to restart the software. I have had a few emails already since the monthly result has already got out about what we add to the pot since the question was asked. Up until the last week the Pool was about an extra 1% in front of the MA's but during the last week they had a few extra positions which were stopped out which dropped them behind the MA's. We added the funds at the end of the month to build the return back up to the MA figure. 95% of the time the MA and pool has exactly the same trades on them, there are just the odd occasion where Ken adds to the Pool account position if the market conditions warrant it, sometimes this works out, sometimes it doesn't. We only do it knowing that we have the funds to back it up if it doesn't work out, so it is essentially risk free, just wanted to make you aware of what went on behind the scenes.

This update is intended to give everyone a view as to how our new strategies are working. The shift from mainly trading intra-daily to mainly trading daily and intra-weekly has produced much better results as we have stronger setups with higher probability of success. We have been able to book more than + 1,000 pips in February because the setups have caught the big moves and we have quickly dropped the losing trades. I want to point out however that even though this month has been spectacular all around, it should not form a general consensus or benchmark for the future monthly results. We are still "only" working to achieve a solid + 5% gain as the monthly average and we break this down into achievable weekly targets.