BarroMetrics Views: All Well Now! BrightWin
At last I can say I have fully recovered from the spill I had (what felt like) an eternity ago. All of last week, I sat before my computer and nary a twinge in sight. Hopefully that’s the last long-term injury I’ll have for a while. Still when you are a septuagenarian injuries are part of the life.
The great thing is my trading has never been better. Because of the injury, I traded only my own account; so, I am hoping that the run in 2015 is because I have taken the trading to the next level rather than just being in the flow.
And, if I have moved the trading up a notch, I know where the kudos rest: with Acceptance Commitment Therapy - by far the best tool traders have to improve.
Speaking of ‘improvement’, my first Singaporean friend, put me onto BrightWin. BrightWin is a New Zealand broker with a couple of interesting innovations:
- BrightWing will chart your equity curve based on your trading with it. What I call ‘an equity journal’ is an essential upkeep if we want to improve. Based on the 20-years of teaching experience, I formed the view that keeping a psych and equity journal things most unsuccessful traders are loath to do. Well now the broker will do it for you. No more excuses guys and gals!
- The other innovation is a twist to a wrinkle quite a few brokers are offering. BrightWin will post the chart of its best traders. You can elect to automatically place the same trades. However, unlike the rest, BrightWin monitors your equity so that you take the same percentage risk as the mentor. I thought this an excellent twist.
I had a look a BrightWin. It seems to be an ECN (i.e. it will charge you a brokerage fee); its spreads are competitive; and it covers most FX pairs , some in indices, and some commodities (CFDs).
BrightWin also an interesting rebate structure. If you want to open an account with it (and receive some benefit for any referral), you can open an account at:
When you do that, you are placed under my Jeff Tie’s group. This means if you have any questions, do drop him a line at: Jeffery Tie <firstname.lastname@example.org>.
Or if you are like me, who prefers to just open an account (i.e. no associate account), drop Jeff a line and he’ll tell you how to do that.
Ohh! Before I forget. I have two attachments:
- One is Jeff’s equity curve since starting with BrightWin. It shows the win rate, average P&L, best and worst returns on margin and Jeff’s max drawdown to date. It also shows the number following Jeff at the time of the snapshot (28).
- The six steps you need to follow to start trading with BrightWin (assuming you want the rebate)
Jeff Tie’s Equity Curve