The stop got hit about 5 minutes ago. I think the $ is still bottoming here, but it's taking its good old time! I'm setting up to get long this pair again at either $1.0096 or at $1.0040, whichever gets hit first. 50 point stop in each case. I will cancel the order that doesn't get hit.
Pending order 1: Long 550 USD/CHF at 1.0096
Pending order 2: Long 550 USD/CHF at 1.0040
Initial stop: 1.0046/0.9990
Initial exposure: 50 pips, $2.82 or 15.04% of current closed equity ($18.75)
Current closed equity: $18.75
Current position: flat
Current exposure: 0
skip to main |
skip to sidebar
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...
Posts
No comments:
Post a Comment