Sell US2000USD x -80 @ 1588.63 stop 1592.5 Following Nikkei's lead, narrow stop add on trade to get a bit more oomph on total play.
Uh yeah this is what you get for lack of patience (or need for sleep, got up on unrelated mail notification). US2000 now in uptrend last couple of mins. Extending stop of the narrow -80 position to 1596.70. Staying up monitoring a while to close if it goes fully to hell.
Seems to have arrived at a comfort zone for tonight, going back to bed. If I could accept more risk I would add to short here, but I can't so yeah.
Ouch. Around -550 stopped out and obviously also on hook on wider stop trade. MFE around 200 so not at all that brilliant. I note that I break risk mgmt too and took too large trades last night exeeding 2x600, probably in some kind of subconscious martingaling. Subsequently rewarded by going -1800 in total if second trade stops out as well. Will have to not do that, I was not THAT certain to in any way bet extra large.
Russell back down. However, I was too chicken to re-enter -80 unit short at session start. If I'm "lucky" (or more accurately, remaining trade works out as intended) I might even be able to exit this with slight profit or better.
Gonna take a brake for... a while, whether to end of year or next week. I've clearly done mental gymnastics this week to exceed my risk level. Stated risk is $600 yet I effectively built a $1800 risk position, at this point corresponding to more than 3% of account. If I do this I am going to burn through remaining profits fast, now at +8k YTD. Size would have been OK on FOMC but not so when edge is so ill defined. This time, my choice of over-sizing is due to overconfidence stemming from the great performance in beginning October - despite underperformance during bull run up since this. This being a recurring character trait "that I should learn not to" but keep doing, I am not sure it can be solved in any other way than adding a software layer between me and trade placement to automatically size the risk. It's something I was writing heavily about a few months back but I haven't had time (nor prioritized) to bring to production since then.
A good time out, realized I missed most of bull stampede due to being stubborn like hell. Buy India 50 x 8 @ 12056 stop 11974 Well, ride new highs if they come. This time actually sticking to risk parameter. Just position to collect beta on a slightly less overbought market than US on while it lasts. I will commit new trade plan for next year (or rather, a subset of strategies I've used this year that actually work) in writing soon, and hopefully also a flowchart that I can print and stick in front of my desk so I get further on not violating rules, which aside from discarding shit strategies is really what I can do it make trading more profitable and start to outperform B&H.