Monday, December 1, 2008

Getting whacked is part of the game

It's a painful part of the game, but it is also the source of all profits... so it's hard to get too worked up about it. Stop hit.

Previous equity: $352.64
Change: -$52.79
% Change: -14.97%

And now, let's set it up again. This time, I'll short the break of the inside hourly bar on EUR/JPY.

Pending order (1): Short 5,950 EUR/JPY at 118.24
Pending order (2): Long 2,975 EUR/JPY at 117.53
Initial stop: 118.95
Initial exposure: 71 pips, $44.98 or 15.00%

Current closed equity: $299.85
Current position: flat
Current exposure: 0

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