august street capital, page-5

Hi Manobo,

I read their pdf and here are my thoughts: It started off very interesting and ended in disappointment. They claim their strategy if fully disclosed, but I couldnt figure out what specifically their entry and exit trigger and risk management rules are.

I would also question that the account went into a 4k loss before they made the first notable profit of $450, which took them 21 days to achieve, I don't know about you, but I know traders who make that in a day consistently...

But the brokerage is reasonable, $10 each way I think is less than what most brokers charge, and of course they also get the commission from IG markets but that is something you would not be affected by anyway.

And to be fair, their results are indeed still ahead of 90% of traders...

:-)