It's not always pain and misery... just most of the time! We may have seen a near-term top in the US Dollar. 3 of this week's winning trades were bets against the Greenback.
One can never know, but hopefully we've seen the equity lows for this trading campaign. An equity reading of $74.72 represents a $125.28 realized loss, or -62.64% drawdown from initial equity. That is much more than most people can handle emotionally. It is easy to be sanguine about such fluctuations in equity when they are not dealing with life-altering amounts of money. Will it be so easy to weather these storms when we're dealing with a few more digits to the left of the decimal point? Going from $200,000 to $74,720 will probably feel a lot different... but then again, perhaps not, since the buildup to those levels will likely take a few years. We shall see as time goes on.
So far, only one trade has been triggered to kick off the new week. It's yet another short of the EUR/CAD... a trade which has been working since December. Let us hope that this is not the week for it to stop!
Short 612 EUR/CAD at 1.3556 with stoploss at 1.3635
Current account equity: $98.46
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