Friday 27 May 2016
Stopped out at price, 16.16
26 May – Buy 16.52
27 May – Sell 16.16
Loss = 36 cents, $180 plus $15 commission per contract
The fact that we recommended 5 mini contracts speaks to
how we viewed developing market activity as very positive
with a likely end to the recent correction. The market proved
us wrong, unfortunately only by 2 cents immediately
followed by a quick half-way recovery.
This has been a costly attempt to position in the paper market.