NAV 19762 To summarize:
- Silver trade stopped automatically at lock in level
- Both equity trades out
- Entered another that got stopped
Had 600 EUR MFE at China trade or similar (checked in night before falling asleep) but was too late by 20 minutes or so to lock it in, by which time it had dissipated, but stayed in the game until afternoon. US2000 trade did in fact not get stopped (excellent!) at one point today had another 600 EUR MFE or so IIRC. Exited China trade at the time I adjusted stop.
I was monitoring the trade very sloppily while programming on a consultancy project (that's what Tuesdays are for). Adjusted up stop to lock in some profit when I saw rapid rise was about to level off. Unfortunately, trade then rapidly proceeded to stop despite my lock in level being fairly wide. Had I been monitoring in real time I would have cut sooner.
Oh well, went plus on this trades adverse conditions so I'm happy. Entered another US2000 trade with 40 EUR risk which proceeded to fail. It was a bad idea, conducting an entry without being able to check anything but graph since I have to appear working to client.
AUD/CAD loss is now massive (-943 EUR) and the main reason for having tanked vs 21000 NAV level that was near a week ago. I'm admittedly very inexperienced in forex (spent most of my life in equities) and my expectancy here is shit (zero sum game and all). Adding the EURSEK hedge in Jan-Feb and it looks bad. If I see unrealized loss creeping above 1000 EUR I will have to cut it lose, and realize I was too greedy on this one. It's annoying since I was well in the green with 400 EUR MFE; letting the loss grow to a multiple of that is undisciplined. My long term view is unchanged; the trade is poorly executed since I should have protected the profit (after all, it wasn't easy to come by, given that it took quite a few days to reach the MFE).
