Bread and Butter: the good news and the bad news

“I have recently purchased ‘Bread and Butter Trader’. You have done a fantastic job. The clarity of the manual, the regular videos and your ongoing interest in your pupils is way beyond anything I have previously come across. Congratulations!!!” S.W. from Cornwall

The good news this week is that I’ve been preparing to open the doors on my Bread and Butter Trading strategy. This is the system that sold out in its first week when it was launched earlier this year, leaving a lot of disappointed traders who hadn’t managed to get on board.

The reason I had to limit numbers is that I wanted to be sure that I could provide comprehensive support to all new members. But now that all my Bread and Butter Traders are up and running, I’m ready to take on a limited number of new clients.

In preparation, I’ve a fresh stack of trading manuals from the printer, and have been busy recording videos of my trades, so you can see exactly how the system works, how easy it is to pick up trades, and how much money it’s been making.

Fantastic – all ready to go!

Like I said – that’s the good news.

The bad news was delivered on Wednesday by Mrs Rose.

Apparently, I “should have known” that next week is half term.

Apparently, “if I ever bothered to look at the calendar on the kitchen wall” I’d know that we were going on holiday next week.

That’s if you can call squeezing the five members of our family into a tent … sleeping on a steadily deflating airbed … and finding bits of grass (and God knows what else) in my food … a holiday.

So, with family Rose camping in the wilds of the (… er …) Cotswolds, my plans for re-releasing Bread and Butter Trader today lie in shatters.

(The wife takes a dim view of me checking the markets and sending emails from my smart phone while sitting around the campfire!)

So, I’m afraid that you’ll have to wait a few more days, with re-launch now scheduled in for 12th June to all Trader’s Bulletin members who are signed up to the waiting list. (I’ll extend the offer beyond the waiting list soon after – if there are still copies left.)

If you haven’t yet got your name down on the list, just click here, and sign up.

However, in the meantime, I won’t be leaving you cold-turkey. While the Mrs has been digging camping stoves out of the loft, I’ve been busy recording a series of videos so that you can see exactly how the strategy works (and how effective it is).

The reason I create these videos is because I don’t expect you to go into any trading opportunity without having all the facts. I want to show you exactly what’s involved and what to expect.

The videos show how often these signals come up … how the signals tell you when you need to act … and just how profitable they can be. However, these are full warts-and-all accounts of how Bread-and-Butter Trader works – showing trades that I’ve lost as well as the winners.

Of course, what’s key is that this is proving profitable overall, and I’ve had great feedback from the traders who are already on board.

And I’m confident that you’ll love this way of picking up profits too.

(And you’ll quickly understand why it’s so hard for me to take a full week away from the markets!)

My favourite markets

This week I also wanted to take a look at a few different trading instruments that I favour.

When I log on to my spreadbetting account, I sometimes feel like a kid in a sweetshop – all those different trading instruments to choose from. It can be tempting to try out different markets, especially the more exotic ones, like coffee futures … Hungarian forints … the Brazilian Bovespa index … or the brilliantly named Indian Nifty.

However, I’m staunchly conservative with my choice of trading instruments, sticking almost exclusively to the FTSE, the German DAX, the Dow Jones, and major currency pairings like the EUR/USD, Cable, and (probably my most “off the wall” choice) EUR/GBP.

There are two important reasons why I’m so conservative with my instruments:

1. They are cheap, and I can’t see any good reason to fork out an 8-point spread, when I can get equally good moves for just 1 or 2 points.

2. If there are any big news stories affecting these markets, I’m likely to know about it and can take action to avoid trading or minimise risk. However, I don’t claim to know anything about the internal politics of Hungary!

And when to trade them

There’s a lot of hype about 24-hour markets … that you can trade at any time of day …

But the truth is that every market has its optimal trading times, and when we stick to a small number of instruments, we can soon get a real feel for how the markets behave at different times of day. We know what to expect – and we can spot when something untoward is going on.

For each of my “top six” instruments, I also have a favourite trading window …

FTSE100: 8am til 12 noon/1pm
DAX30: 7am to 12 noon/1pm
Dow Jones: 11am – 8pm
EUR/USD, GBP/USD and EUR/GBP: 6am – 11am/12 noon

Of course, there are profits to be picked up outside these hours, but my feeling is that if I’m going to spend my time trading, I want to spend that time as effectively as possible – when the biggest and best moves are happening.

These are the markets I turn to day in, day out for my key profits. I may dabble in other markets, but – as I say – I’d rather pick up my profits as cheaply as I can, without giving back too much to my broker!

P.S. Don’t forget to watch out for my videos next week to see the all 53 trades that Bread and Butter Trader generated last week, collecting an overall profit of 24% (in one week!)

These aren’t cherry-picked results – I’m showing you a full week of trading, warts and all, so you can see exactly what’s involved – the winners and the losers.

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