Friday, December 28, 2007

Update On Another 144 Trade

Clunker

This is an update on the last trade. This trade failed to make money. Welcome to the realities of trading. I lost 40 pips on this trade. I cut my losses after seeing that a downtrend had established itself.

Good thing I cut my losses quickly because the market went into a tailspin after that with the dollar strenghtening very considerably. I have since made the 40 pips back on other trades.

Stay tuned for other trades and trade ideas.

No comments: