Bad times, me thinks. My account fell by 5.4%, taking the balance to a few hundred pounds below the £12k mark. I attribute the decline to three factors: a failure of my strategy to deliver the goods, ongoing expenses, and a minor slip up in discipline. Because of the latter, I am giving myself a score of 7 out of 10 for following my road-map.
Negative weeks are part and parcel of the game, but when I am faced with a sizable weekly loss, it makes me consider the futility of trading with a low base of capital. I’m carrying on for now because my trading activity seems to have a positive expectancy in gross terms, but ongoing expenses mean I have have to run pretty fast just to stay still. Thus, I continue to seek work elsewhere and am devoting a portion of my time to other projects.
I am also introducing a point of ruin at £9k. If my equity falls to this level, I will cease trading.