Monday, November 3, 2008

Trades closed for blowing chunks

The stack trade was just awful after the first 10 minutes or so. It was nearly stopped out several times. I'm not really bearish on this pair at these levels, and the price action wasn't making the bear case look any more attractive. I decided to close out both legs (at 1.5835) and look for greener pastures. Not that I should be complaining about 300 pip wins in a few hours, and perhaps this will prove to be a boneheaded move... but what's done is now done. And this is a new closing equity high, so I've got that going for me... which is nice.

Previous equity: $238.44
Change: +$64.43
% Change: +27.02%

Current closed equity: $302.87
Current position: flat
Current exposure: 0

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