The Diary 4-11-2010

Yesterday  at my algebra class, I had a discussion with my teacher who works for a hedge fund as her day job. She let me in on a secret, which she says her fund has no trading secrets. A billion-dollar fund trades on simple moving averages, the twenty and forty sma. If a billion dollar hedge fund can have that type of success with trading style that simple, then I’m making things much too complicated. The  other insight she gave me was they were trend followers. When we first had our conversation about trading, she didn’t even know what was happening with Greece. Yesterday, she didn’t know who Peter Schiff was. But, she’s a successful trader. That proved to me that you don’t have to know everything, and everybody to make money in the market.

Profitable trade – Sunday start 4-11-10 – 93.6 pips