Tuesday, February 27, 2007

TRADE - LOSS

Well today I fucked up... The autoclick didn't click me in for reasons I don't feel like explaining. Basically a safety feature..

Well I manually clicked myself in because the numbers did come out fairly strong afterall.. I pretty much clicked myself in at the top of the spike and only lost money from there.. So I lost $126. Oh well. A 21 pip loss. Not a huge deal IMO, and it WAS human error, I'd rather fuck up/learn on my own than have an actual mechanical error that needs a lot of reasessing... I was trading 6 minis..

On a side not, I split up my account into two.

One account now has $1766.49 (this is the account I took the loss in, luckily), and the other has $1000

The $1766.49 account I will be trading just as normal, probablly 6 minis instead of 5 now though. The $1000 account I will be trading excessively and leveraging the fuck out of myself. I will be trading 20 mini's, or 2 Standard Lots on this account. My hope is to on average double my account, or come close, per trade with the $1000 account. We will see how that goes, expect some news in the future. I will also be trading some of my family's money soon too, so I will keep a little log on that as well.. I will be trading the money the most conservative of all. So we'll basically have 3 extremes once that is underway. One conservative account, one moderate, and one over leveraged.

Have a nice day.

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