finally, it's going like clockwork

so for those of you playing along at home

the gbp is now my largest loser, so it has been put on ice, the limit to add was cancelled, because adding would violate rule #1, never add to your largest loser

but the eur.usd is still on ice, because adding would violate rule #2, never add to your largest position

so here I sit with nothing to do until either my long aud.usd or short usd,cad gets hit

good day to go out back and work in the garden
 
And, I keep going in and out with the same one pair EUR/USD. Buy the dips. Same strategy keeps working over and over again. How long this will last is anybody's guess.
 
Quote from oldtime:

ok, but don't try that with just one pair. It can drive you down to the depths of despair. My short eur at 3088 is my largest position and largest loser. It will never be touched again, off limits, quarantined. Until it starts fitting in to whatever else I have on.

I've been short that eur for weeks now, and it just keeps going up. The only reason I am still alive is because it eventually became my smallest position.

one rule that turned it for me to the better is, "never add to your largest loser." Just that one rule alone can save you a lot of grief.
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Actually the E/U is the only pair I trade. Have not run into any problems limiting myself to one. It's when I spread out on others that I run into problems.
 
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