tradersams blog

mre trade

MRE: today closed position for a 22% loss.  Not a great exit – the price closed above my stop loss line, however I had a stop loss in the market which triggered during the day closing the trade.  I was looking to close the position anyway as the price had fallen through the trend line I had selected.

Not good – another loss over 22% – really need to minimise those… however this does fit within the plan.  I’m winding back position size due to volatility, as I aim to lose 1.5% / 2% of my capital per trade – fairly standard trading rule actually.

Have also placed some closes for tomorrow due to some instruments closing below my stop losses at the close of trade.