- October 10, 2017 October 10, 2017
The portfolio has been mixed across the week and remains at a drawdown of around 14% from all-time account highs.
Natural gas has lead the way as the biggest winner, finishing up at a total of around $2000 profit including $500 in rebates. I have closed most of my exposure on this and will be looking to close the rest out soon.
EURGBP is also looking strong (+$800) as the pound has been weakening over the last few weeks. I bought this market after a classic mean reversion pattern and it has been rallying strongly ever since.
On the flipside, I got whipsawed on Ripple and lost $420 in a day after it rose 6% early in the session then crashed by 18% in just a few hours. This is one of those trades that you have to accept will happen occasionally and it can be very frustrating, particularly if the market subsequently moves back in your original direction. Remember discipline is the number one characteristic that will determine your trading success
Watch
In the latest video I also discuss a topic I think is hugely neglected by many traders when they share their trades – the painful issue of drawdowns – and why they are an unavoidable part of trading
The Two Traders
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