Re: College Fund Challenge 
Ok, just a little update on the trade from last night. It currently is still in a draw-down. Tonight's possible set-up could be a buy. That in mind, I will not be making a buy because that just could be double jeopardy (double risk). Now, if it turns out to be a sell, I will do a hedge because the normal rules apply and won't effect the draw-down.
Now, when there are these draw-downs, it can be a good time to pick up some extra pips if one isn't badly leveraged to begin with. I started a buy after the original trade was already -80 pips so that can potentially earn me a little extra % for the week.
With the $2M account, for some reason that account failed to trade at all. Because my other accounts did trade, I felt it would be ok to go ahead and make a trade. I entered about 50 pips below where it would have opened a trade so, assuming the trade goes good, should pick up about 10%.
The drama continues. |