Thurs. 10/13

2:45pm CDT - Nearly got burned on the final hour selloff but escaped unscathed. Good day overall.

Foreign-Exchange Traders (Source) are among the "World's Most Influential Players." Who knew?! I only posted this as it says 30% have success. That beats the 10% that we often hear sited...

"Main Street's appetite for trading currencies keeps growing, despite government warnings about excessive risk. Individual investors make up about 8 percent of the Forex market worldwide and execute $315 billion in trades daily, up from 2 percent and $38 billion in 2004, according to Aite Group. But -- ahem -- only about 30 percent of do-it-yourselfers make money in their accounts, according to data from brokerage firms. This summer the SEC warned that currency trading wasn't appropriate for all investors, and U.S. regulators have drafted new rules to curtail trading risk. But Aite analyst Javier Paz says that any new guidelines are not likely to slow the stampede: He expects more growth over the next few years, as additional U.S. banks and securities firms begin catering to individual foreign-exchange traders."

RESULTS FOR DAY
ES Contracts:	73
Net $P/L:	1758
Wins:	7
Losses:	3
Win%:	70
Avg$Win:	269
Avg$Loss:	-42