Monday, April 19, 2010

Starting The Week Off Right...

...with some losses. That's what we get paid for in this game. It doesn't seem like it, but the only way to win is to take the losses when you're supposed to. It's hard... which is why the winning traders are so rare.

So far, I'm holding on to one carryover short in EUR/CAD from last week. Two trades were triggered and stopped out as follows:

Short 271 GBP/USD at 1.5212 stopped out at 1.5287 for a loss of -$2.05 or -2.54%
Short 136 GBP/JPY at 139.43 stopped out at 140.91 for a loss of -$2.19 or -2.72%

The third trade, long the USD/CHF at 1.0680 is sitting with a 36 pip loss, and will be stopped out if we get down to 1.0627.

Here I am, at a new equity low for the campaign. Nothing to do but press on...

Current account equity: $72.32

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