Downside Breakout

The past week was pretty brutal, and most of that was due to 1 position (see previous post).  Not only did I get in at the peak price, but I entered as a double position (per the rules), and it has lost more money every single day I have held it, except for one.

Am I disappointed with this past week?  Yes.  Am I panicking? NO!!

I'll just continue to follow the rules, to the best of my ability.  That's where having a valid backtest helps.  I know that if I just keep pushing on (following the system), things should turn out all right.  There is always a chance things won't go right - even a casino can have a losing streak - but making decisions outside of the system would be far worse.

If nothing else, I hope readers of this blog learn to stick to the trading plan.  It is by far the clearest way to success, although it does not guarantee it.  It is much, much better than just "winging" it.

Just for reference, my initial margin/equity ratio is about 91%.  A few weeks ago, it was at 40%.  If it reaches 100%, I won't be able to add new positions.

I am in 11 positions right now...

Big Winners:  3  (2 are doubled, and the other I will double on Tuesday)
Small Winners: 5
Small Losers: 2
Big Losers: 1 (1 is double position)


As always comments and questions are encouraged!