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Monday 17 November 2008
Going Long Nikkei
Just updated my portfolio page with my Nikkei long position that I took on this morning's open. See more on that signal in Friday's post. Good luck this week!
Hi there - I decided only to risk about one percent of total assets on the trade, instead of three percent.
I've been thinking three percent is a little high and will probably adjust the maximum allocations to reflect a risk of one or two percent of assets on any single trade.
I realize the above may be a little unclear. The one percent I'm talking about is the percent of total assets I'm prepared to lose on the trade if it hits my stop level. See more explanation of that on my "How It Works" page.
Nikkei already jumped up three weeks ago. looks like you're in for a loss because of wrong timing again... the chart certainly doesn't look good for you.
5 comments:
why only 8.6% this time?
Hi there - I decided only to risk about one percent of total assets on the trade, instead of three percent.
I've been thinking three percent is a little high and will probably adjust the maximum allocations to reflect a risk of one or two percent of assets on any single trade.
Regards,
Alex
I realize the above may be a little unclear. The one percent I'm talking about is the percent of total assets I'm prepared to lose on the trade if it hits my stop level. See more explanation of that on my "How It Works" page.
Regards,
Alex
Nikkei already jumped up three weeks ago. looks like you're in for a loss because of wrong timing again... the chart certainly doesn't look good for you.
We shall see. It's only day two of the signal. This is a long-term system.
Regards,
Alex
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