The Pound has broken down very nicely in the last few minutes. Now that I'm up 2x the amount of pips I risked, it makes sense to go ahead and move the stop to the entry. No sense in letting this big of a winner turn into a scratch.
Current open equity: $350.50
Starting equity: $269.56
Current position: Short 2,384 GBP/USD at 1.4976
Current exposure: Locked in +$21.65 or +7.5% of Starting equity
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This blog will chronicle my attempt to trade a very small account ($111.00) using the most aggressive position-sizing possible in order to grow equity as quickly as possible. I expect the ups and downs to be gut-wrenching. I DO NOT RECOMMEND THAT ANYONE TRADE THIS WAY!!
Coaster Safety Spiel:
Keep your pips inside the vehicle at all times... blah, blah, blah...
I will be mostly trading the majors against the US Dollar, but I reserve the right to trade any pair I damn well please. (Though I doubt I'll be doing much trading of the Mexican Peso against the Malaysian Ringgit.)
My system for trade signals will not be much of a system at all... mostly discretionary calls based on the hourly highs and lows. This is by no means to be used as some sort of signal service. I'll post updates as I take trading actions, but by the time I post something, the opportunity to act on it will likely have passed.
I also have no desire to make this blog some kind of major time-waster for me. I will manage any comments or communication in the way that requires the least time invested on my part... which means I'll mostly be ignoring them. Please don't take it personally. With all that said, here we go...
I will be mostly trading the majors against the US Dollar, but I reserve the right to trade any pair I damn well please. (Though I doubt I'll be doing much trading of the Mexican Peso against the Malaysian Ringgit.)
My system for trade signals will not be much of a system at all... mostly discretionary calls based on the hourly highs and lows. This is by no means to be used as some sort of signal service. I'll post updates as I take trading actions, but by the time I post something, the opportunity to act on it will likely have passed.
I also have no desire to make this blog some kind of major time-waster for me. I will manage any comments or communication in the way that requires the least time invested on my part... which means I'll mostly be ignoring them. Please don't take it personally. With all that said, here we go...
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2008
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November
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- Locking still more
- More locked.
- Lock time.
- Risk free in 90 minutes
- Trade triggered
- DIBS on Oz
- Stopped out in Sunday Slop
- Whoa!
- Quite the nail-biter!
- New new plan in effect
- New new plan
- New plan
- Scratch that idea
- Next idea....
- I knew it would happen
- Umph..
- I'm in.
- Reposition again
- Reposition
- Next idea
- Oh well.
- Stop moved again
- Stop moved
- Risk free and some locked in
- Too fast to log it!
- This one got a little complicated
- Ok, I'm in
- Hello old friend
- Stopped in at 5:06
- Next idea....
- Nailed yet again
- Trade on at 2:34 am
- Long GBP this time?
- Just can't hold this turd!
- Risk free, Baby!
- Execution phase begins
- Next plan
- Scratch orders
- Pile on the pound again
- We won't get to find out.
- Weekend, yea!
- Risk free trade achieved
- Trade on!
- Here's my best idea
- One more for the loss column
- May be a nail-biter
- Rats!
- Short again
- Whack!
- The plan
- Stop hit
- Moved stop yet again
- Moved stop again
- Moved stop
- Risk free!
- Yow!
- I like this better
- Scrub mission
- Repositioning
- Having yet another go
- And over quickly it was.
- Going again
- Blast!
- In and looking good
- Wake up time...
- Ritholtz asks... I respond.
- Closed trade
- Plan in effect!
- Plan C...
- Bah!
- Maybe this instead....
- Ok, here's the plan...
- Whacked again!
- Stop move
- Worked out allright
- Ok, THAT'S never happened before!
- Yet another shot
- Knocked right outta there!
- Trying again
- Stack knocked down
- Stack success!
- Stack 'er up...
- Ka-BOOM!
- Long down under now
- Trades closed for blowing chunks
- Stack on!
- Pressing the trade
- Nice!
- Here we go...
- Shifting gears
- And...
- Stopped out
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November
(92)
1 comment:
I just saw the comment you left on my blog on 19 November 08. Thanks for that as it shows someone in this world, other than myself, actually reads my blog :-).
I will be following your blog from now on.
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