Tuesday, March 11, 2008

5 Quick Losses -- IFCN Wk 14 -Tue- Equity: $601.75

Sorry I didn't get the chance to post yesterday.

My primary trading got fast and heavy, which was a mix of good and bad. Mostly good, though. Good trading always comes down to execution. Risking the right amount of capital on the right trades is part of the execution.


Friday's holdover OneNightStand trade- Gbp/Usd: Long @ 2.0141 was exited at 2.0194 for a 53 pip profit. That brought equity up to $636.47.

On Monday the FirstStrike orders got entered, and within a day and a half all of them were executed and stopped out. One of the good things about trading a weekly method like FirstStrike is you get the trades over pretty quickly if they aren't going to work. Then you can spend more mental energy on something else.

When the trades head your way early in the week and don't stop you out, the profits can get gigantic. I've had weeks where FirstStrike trades made more than a 35% gain trading at the current leverage.

Current equity stands at $601.75.

Joel Rensink

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