Uncle's Trading Journal

nice turn

 

Are you prepared for 20 to 40 pips slippage ?One day it will happen.

 

yeah i got a taste of that a couple of weeks ago -- my account value dropped 8k over 3 trading sessions (40%).. takeaways from that were to use real stops on days like that instead of mental ones.. also will consider not trading at all after attaining wider than expected stop losses

 

So silver's crash has begun.. and it looks like the EUR is jittery on the heels of that (can't find any other reason for the erratic behavior) feels like risk is to the downside.. watching Silver closely and looking to take a short in the EUR around 1.4805 or better..

 

short 650k 1.48066 -- don't like the way it broke out though.. stop at 1.4813

stopped out

 

re-entered short 650k 1.4810.. stop 1.4820.. target below 1.48

 

stopped out.. this market is going to kick my ass.. very erratic

 

silver coming back up -- EUR still erratic but trendline is up.. i got completely whipsawed my account is down a couple g's right.. very close to calling it quites.. one last trade to see if rights me up..

i guess the silver move was to take out all the retail guys who were leveraged and now it just gets back up.. somebody will concoct some story about why silver crashed and make it sound convincing..

i guess EUR goes back up with it?

 

silver down because they nearly doubled the margin

 

I thought that was known last week? in any case EUR trading off the Silver now