Friday, November 7, 2008

Closed trade

This trade was not pretty. It was nearly stopped out several times. Somewhat of a bummer, since it started out so well. It did hit a high for the day last hour, but that faded in a few minutes. That's just the nature of this game, and a big part of the reason it's one of the hardest but most rewarding games a person can play. (See: Endowment effect)
I'd rather just take the scratch and wait until the weekend is over, since spreads will widen to at least 10 and probably 20 pips. That wouldn't leave much room for the typical Sunday slop, making the chances of getting stopped out just too high to justify staying in this trade. There will be better opportunities to lose some money on Monday. In light of these considerations, I've hit the sell button and canceled the pending order.

Previous equity: $346.37
Change: +$1.81
% Change: +0.52%

Current closed equity: $348.18
Current position: flat
Current exposure: 0

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