Thursday, December 11, 2008

Still another on the loss pile

Got stopped in around 2:30 am, and stopped right back out around 3:30. The next loss could take me down to 'negative expectancy'. Not that I believe my trading really has negative expectancy over the long haul, but it will make some of my calculations blow up until I book a few winners.

Previous equity: $143.16
Change: -$21.46
% Change: -14.99%

Not being one to take it lying down, I went ahead and took another shot at the long side of Oz and it got triggered before I could log it. On this one, I may just move the stop to breakeven if I get the amount I risked in profits, so for now there is no pending order to sell 1/2 the position. In my haste to get the orders in, I made a miscalculation and took slightly too small a position. If I get the chance, I'll put on the rest so this trade can be the same as all the others.

Entry: 0.6648
Initial stop: 0.6568
Initial exposure: 80 pips, $14.61 or 12.00%
Pending order: Long 456 AUD/USD at 0.6648 (to make the size the full 15%)

Current closed equity: $121.70
Current position: Long 1,826 AUD/USD at 0.6648
Current exposure: 80 pips, $14.61 or 12.00%

No comments: