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Latest News... As President of SFP, I wanted to bring a quick update. We have worked diligently for nearly 8 plus years now to design and bring the best consistent automated systems to our trading. While we are still getting a few last minute things updated and upgraded, we are thankful to have the quality systems we have thus far. Starting in September 2010 we should be back on track to focus on our monthly target. On another note, we've also been testing a couple systems at 2 additional brokers. Both have offshore connections. Both have a type of account insurance for those who would prefer this additional level of accountability. Granted, we screen our brokers to ensure they have no vested interested in our trade failure or them "dipping" into our funds for their own personal use. We feel our bottomline will continue to improve as we move forward. Monthly update to clients Dear Clients, No... I haven't been yelling at the computer screens. I did that last week. Well, not really. After 17 years, a trader learns to develop fairly thick skin. Naturally I don't care for drawdowns anymore than the next guy, but I always keep in perspective the overall picture. Of course we've all heard the conventional "wisdom", You should hold for the long haul... while your account dwindles away month after month. While you certainly have to be realistic for the market arena you are trading, you can be thankful that I have a fairly low pain threshold and long before we're "toast" changes you can believe in will be implemented. Now, we were hoping for a bit of retracement in our account equity before we switched out the systems and replaced with the updated ones. It never came as the market chopped, chopped, chopped and chopped some more. I'm not crazy nor am I God and so had we known August would be a tremendously choppy month, we would have switched out the systems earlier. Well, here we are at the start of a fresh month. We replaced the older systems with the updated ones over the weekend so I'm expecting a smoother ride. On another note, another one of our Master systems is scheduled to be completed by mid September. That will be implemented as soon as I have had a chance to make sure no bugs exist in the code. Then we'll finish up with the last one. These last two systems will be our final and most powerful. That will be our completion point and the point at which I believe all accounts will start to see a major difference. We should see a trading difference right away even with the current updated system. It is setup to handle the chop much better and will therefore trade less. If we're making money, that's better than the alternative. Until next time.... Micah Thompson SFP President | | | |  | |
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Required disclaimer: The risk involved in active trading can be substantial. It is up to each trader to assess their personal financial condition and decide whether they should participate in such activity. Past performance is not a guarantee of future results. You agree that you are fully liable for your actions and assume all the risk associated with trading the forex currency markets. Also know that SFP is not an Investment advisor. We are currency traders who utilize state of the art computerized systems to provide account growth! |
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