Friday 22 May 2015
Stopped out at of half-position price, 12.30
08 May – Buy 13.33
22 May – Sell 12.30
Loss = 103 tics, $1,050 plus $15 commission per contract
This turned out to be the kind of trade that bleeds its way to
the assigned risk. There was no overt reason to abandon the
trade on the way down. the reason for entry was very similar
to that of the wheat trade, which worked successfully.
This is an example of not knowing how any particular trade
will develop and how anything can happen.