Verisimi

Quote from Pekelo:

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So I'm guessing that you dont use any sort of stops. Unless they are VERY wide. Price is currently at 1534.25. That's 16.5 pts against your position. Do you just hope it comes back down?
 
Sorry for not answering your question earlier. This was a pretty bad play, but since I don't use extra leverage, a 14 points move against the position transfers to only a 1% DD.

Still I should have got out of this short days earlier and reshort it at a higher level...Now there is a big difference between an adverse move when being long and short. Since this journal is supposed to mimick the market, if I go down with the market I am still doing the same, but shorting into a rally hurts double.

I am going to use a hard stop loss at least for the short positions, probably around 5 points....
 
Long from 1514, Sept contract

YTD up 42 points (3%) plus the 4%, the market is around 5.6% so I am maintaining a 1.4% advantage over the market's performance.
 
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