Friday 25 February 2011

Day one dramas

So, day 1 and i stuck to my plan.....and well lets call it a learning experience.

7 trades, the first one I have to admit I screwed up, coming off my practice account I was used to the order quantity being 100,000 units, but in a live account it was 10,000 units, so despite it being one of my only 2 successful trades for the day it yielded me a postage stamp.

Of the other 6 trades all but one of them moved on a macro level in the way I expected, so for example when I sold the US against the Japanese Yen, overall it hit my predicted target, but I got stopped out by a momentary surge. This happened all day. So I am fearful my tight stops on small target profits aren't robust enough to survive the ups and downs of the market.

Instead of predicting a line, I realise I am predicting a tennis ball bouncing down stairs.




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