Wednesday, December 3, 2008

Risk free, but differently...

I decided to pull the pending order and move the stop down to the entry on this order. That will give me a bigger win if this baby really breaks down, as I think it might. The trade had been chopping around and basically avoided triggering the pending order for so long that I started to wonder if it would ever happen! Now we've fallen through that price, and I think there should be enough momentum to keep it from retracing back to the entry, but who knows... it's not any more risk in dollars, so let's go for it, shall we?



Current open equity: $344.99
Starting equity: $299.55
Current position: Short 7,600 USD/JPY at 93.18
Current exposure: 0

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