A cautionary tale - see above - "I jumped the gun by one day on my indicator triggers, but it was pretty clear that they would fire based on today's move."... HAR down over 3% today - immediate feedback from the market that breaking the rules and trading pre-trigger will not be tolerated!
Having been away it seems clear to me that we are in the middle of a major sector rotation away from resourse and into industrials and safe industrials at that, trading resourse counters in this climate might be a bit like watching the tide go out and expecting to catch the big wave of the day.
Hi John... not a great start - got stopped out of the first 3 trades for the year today. Now I'm hoping prices fall of a cliff and that I wasn't whipped out! I'm not pleased that I lost some money, but the good news is that I stuck to my stops, and my exit level was exactly on target to keep less than 5% of trading capital at risk on any single trade.
Sorry to hear that, I am glad you are tightening your risk profile, I know I got cocky at the end of last year and payed heavily. I am struggling to find any long entries the market has had quite a run.