DislikedZach:
These trades totally went against your predictions. I guess that can happen sometimes, but do you have enough in your account that you can survive days like this?Ignored
Yes, I explained my basis money management earlier, I have been trading for a while with my strategy, and as a result I am further along in my trading I am able to withstand drawdowns of enormous size.
But to give you an idea of where my account is at right now with current market prices, its just a tad lower than where it was when I started this journal last week.
My biggest concern for trading is not overleveraging an account, and money management.
I usually put a cap on number of trades open at 30 (unless I am hedging), but we'll see. the only pair that I am considering entering another trade in right now is gbp/usd, unfortunately though, GBP is really strong right now, and it defied the indicators earlier, so I will wait to enter another trade on it when market sentiment agrees with it. Right now the market seems only to want to push it higher.
Hope that helps
Zack
The only sovereign I can allow to rule me is reason.