07 July 2009

Position Update : Suffering on All Fronts

Since the weaker than expected NFP last Thurs, my core book has been suffering enormously. Only good trade going is the long Bunds/short UST10 year spread. Technicals have not changed sufficiently for me to exit however. Until that happens, system is keeping me in the Green Shoots trade. Tight risk control is key now. P&L is ugly. But as always, I trust my system, in good times and in bad. And Rule #9 Never Add to Losers. Sit Tight. The money will come back if the trades are the right ones. No need to rush it.

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