Posted by: joetradingplace | January 18, 2013

Wrap Up

We wrap up this weeks trading, very slow week for us, but we expected it since the market moved very well in the previous weeks. After every good trend moves, the market takes a breather and that’s where trend followers like ourself experience some small losses. Cutting our losses and letting our profits run is what makes us survive in the markets and live to trade another day. We wrap up this week with 2 pending trades and 1 open trade….we lost 75 pips this weeks, which was only 0.2 percent of our account. Both trades initially had a 2 percent risk, but we managed to reduce our risk to only 0.2 percent.

Weeks Total = -75 pips

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