Friday, January 22, 2010

Another disappointing profit...

Sure... 224 pips is nice, but I had over 400 in this trade at one point. This is one of the many things that makes profitable trading so difficult. If you hand me 224 pips, I'm happy... but if you hand me 400 and take back 176, I'm bummed even though the net result is the same! This is the pernicious Endowment Effect in action. (Killer of many accounts.) On to the next trade...

Previous equity: $ 17.44
Change: +$12.71
% Change: +72.88%

Current closed equity: $30.15
Current position: flat
Current exposure: 0

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