12 May 2009

Direction:                   Short

Outcome:                   -$355.80 (USD)

Balance:                     $10,692   (AUD)

Drawdown:                14 trading days


Embarrassing! This was a genuine loser, but I accidentally took too many contracts, doubling my loss.

I haven’t traded well this month, and I’m close to my monthly limit. If I lose more than 10% in a month (which I’m happy to say hasn’t happened for a very long time), I must sit out the rest of the month. 

That means if I close out a session below AUD $10,477, I’ll be taking a break. (It would give me some time to work on my program for automatic trading!)

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