out of remaining 12 at 1972 for a loss of 12*50 = 600 $. Total loss = 900$
Account Equity = 94,625 - 900 = 93,725 USD
Swing Trading Global Markets - WILD Approach
- Thread starter gmst
- Start date
- Status
out of remaining 12 at 1972 for a loss of 12*50 = 600 $. Total loss = 900$
Account Equity = 94,625 - 900 = 93,725 USD
Add 8 ES @ 1940, already have 10 long ES from 1964
You're down 45k....
I'm not going to do the math but I have to imagine that margin call has been hit already.
I'm not going to do the math but I have to imagine that margin call has been hit already.
Hey,
I have been way too busy with my real trading to update on this position. And I am sorry that I haven't updated since you and obviously some other folks must be keeping tabs.
Actually, I underwent a 6k drawdown in my real acccount, and it was keeping me very busy. I have managed to make back 5k, so still in 1k drawdown in my real account.
I closed my real account that had a long position from average price of 1956 at 1936 on Monday. So, I lost 20 points on each contract which is 1000$ per contract in my real account.
In light of above post, markets have been very volatile after Argentina default, I could not update my above position in time.
I would have closed my long position in this paper account at 1936, in accordance with my real account.
So, "Assuming" a close at 1936, my PL
PL on 10 from 1964 = 10*50*28 = -14,000 USD
PL on 8 from 1940 = 8*50*4 = -1,600 USD
Total Loss = -15,600
Account Equity = 93,725 - 15,600 = 78,125 USD
NOTE In above post, I understand market is now at 1905 and I am updating with market price at 1936.
There are 2 things that can be learnt from this experience:
1) Journal integrity has been breached.
2) I don't have "enough" interest and desire to update this journal "always" during live markets.
So, I have decided to close this journal here and start a new journal.
http://elitetrader.com/vb/showthread.php?p=4007947#post4007947
There are 2 things that can be learnt from this experience:
1) Journal integrity has been breached.
2) I don't have "enough" interest and desire to update this journal "always" during live markets.
So, I have decided to close this journal here and start a new journal.
http://elitetrader.com/vb/showthread.php?p=4007947#post4007947
Yea but you were "interested" enough to update this journal promptly when you were booking paper profits.
But whatever man.
Yea but you were "interested" enough to update this journal promptly when you were booking paper profits.
But whatever man.
+1
- Status