My month to date results for May 2007:

 # closed winning trades : 1

# closed losing trades : 4

Net monthly profit (loss)% :  -14.2%

Last equity peak : April 11th, 2007

Trouble in paradise!  Well I guess real life is rougher than a backtest.  Despite multiple assurances from my FX broker that I am allowed to trade up to 50 lots per click, it turns out that the actual maximum is 20.  Well guess how big an order the Cable Glider tried to open…21!  The trade was rejected, and set off a chain of events that put me into my present hole.  Yuck!  The system itself is showing a 3.5% gain for the month, but here in real life, things are much worse.  As luck would have it, I get to brood a while over this misfortune, as the Cable Glider is idle until next Wednesday night, May 16th. 

That lesson about the maximum one-click trading size was an expensive one.  The results this week are the second-worst weekly loss ever, and the current drawdown is the second deepest one as well.  While I am presently demoralized, I do remain well capitalized and profitable for the year.  We’ll see if things turn around or continue to slide.  Time for another trading mini-vacation to get my head on right…