Wednesday, June 27, 2007

First loss for Strategy 1

Today I hit the first loss for my strategy 1. :( That brings the winning from 100% to 87.5%. I shall wait a while to see if I can enter the market again.

Open Date: 06/27/2007 02:59:01
Instrument: USDJPY
B/S: Buy
Open Rate: 122.69
Lot: 0.5
Close Date: 06/27/2007 08:59:12
Close Rate: 122.24
Gross PL: -$184.06

The lesson learnt from this is, the timing of entry determines the success of the trade. A different person using the same strategy but entering the market slightly later than me would probably have not hit the loss.

No comments: