My month to date results for March 2007:

 # closed winning trades : 3

# closed losing trades : 2

 Net monthly profit (loss)% :  30.9%

Current drawdown : 13.3%

Two trades this week;  a small gain followed by a max-loss.  Yeah, that’s right.  At the current leverage level, a max-loss is 13.3%  It’s about the most that I can handle without losing my mind, and it’s much higher than advised by most mechanical trading enthusiasts.  The only reason that this doesn’t destroy my account immediately is because I adjust my max loss with EVERY trade, and I only trade one currency pair, so my total portfolio heat is a maximum of 13.3%  If I am able to run the account up to the mid six figure range, I’ll have to de-lever a bit anyway…and every year I get a little bit older, so I’m not going to become MORE risk seeking.  The harder they come, the harder they fall?  Well, we’ll see how it unfolds…  

This entry is post-dated because the system will be idle until next Monday.  Short term trading is draining;  I’ll be using this week as a mini sabbatical from the markets. 

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