How I made 47% on the FTSE

As a financial planner I rarely advocate trading for my clients, however this strategy has worked well for me over the past 24 months.

In a non directional market such as this, the only way to make money is to trade the volatility. That entails setting buy and sell limits.

Although I spend my day looking after other peoples money I rarely have time,or inclination to look at my own (it's like the builder who never finishes his own house) - so my strategy needs to be simple and easy to manage.

Some years ago I started buying the FTSE when it fell to 5300.  It quickly recovered to 5600, so I sold.  Not long after it fell below 5300 and I bought again with the entire proceeds of the first sale.  When it went up I did the same again.

I had to use all the money a couple of years ago when we bought a house, but I started the strategy again with a smaller amount. In the past 24 months I have made over 47% in a market that has only moved sideways.

I'm not writing this to advise people to trade, but just to pass on something that worked for me.

Mark Paine
Meyado
Singapore
Www.meyado.com