The basics of my risk management are: put in a stop loss. Everything else is subjective, so even if I get the urge to go Long or Short, it's really really difficult to figure out when something isn't working or when I should exit a trade (note I held ES for nearly a week, but it was agonizing and I had to get daily confirmations to keep me in). I'm trying to try other ideas, too, but I had to start somewhere.
Thursday, November 24, 2011
23 Nov (ish) - L mini-EC Z1
Today I went long the mini-Euro futures contract. I did it.... not because I think there's a lot positive going on at the moment, but because news is so correlated and it's lately been very bad news up through today, so.... yeah. I think there is a possibility we're at a lull in the highly volatile bear market (thank you coursework. negative news = higher volatility than positive news).... at 1.3338 I was long. do I think it can (and will) get worse? yes. but unless I stop out, I'm long until Monday.
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