Having been a lurker here for 3 years i have decided to start my journal on what is probably the toughest traders forum on the planet! My name is David Knight (knightrader,but i cant use that name here,it's already taken, i drive a mitsubishi gto so i'm using mitsubishi !)I am based in the UK. I have been trying to crack this trading game for more than 2 years now and to those of you who are already consistent winners-respect,i think you are rare,talented,clever people.And to those who pretend to be winners or/and prefer to be negative and hostile to everyone and anything,although you are amusing to read,please move on. Why fixed odds?- its all to do with my trading history so far.I have identified my weaknesses as: A)INABILTY TO TAKE A LOSS B)TAKING PROFITS TOO EARLY C)TURNING A PROFIT INTO A LOSS D)OVERTRADING E)REVENGE TRADING My strengths: A)GAUGING MARKET SENTIMENT/SHORT TERM DIRECTION B)ENTRY POINTS So i figured fixed odds would help play to my strengths and eliminate the weaknesses (that's the theory anyway!) MY SIMPLE STRATEGY: (I am trading S&P 500 cash) To bet that the index will close above/below my entry point.I know that is close to the cardinal sin of attempting to pick highs/lows,but not quite.Since this is a relatively new strategy for me i will be keeping the stake tiny-Â£5.The idea is to be consistent,if i can do that i will increase the stake.(I have stepped back and started over several times in the past and i regard this as a good sign of winning the discipline battle) I am making 1-3 bets a day or no bets at all-usually just the one. (Today i am betting we close above 1344 medium term support.My entry was 1344.8) WHAT I USE: support/resistance,pivots,fibonacci,market sentiment/breadth/volume and an intraday pattern prediction cycle.I dont use any of the lagging indicators such as stochastics or the 100 or so others that people use.Not knocking those that do,but for me price is king. I also run a website which is not selling anything,it just helps me keep a journal and stay on track with my trading,plus i just love doing the design and layout etc.As it's market related it takes care of both interests.