Week 40 trading results

Trading: flat.

Behavioural road-map score: 7 out of 10.

I didn’t do much trading last week, although I did dip my toe into the equity waters following what appeared to be panic selling on Friday. I’m not a big fan of trading equities – having had my fingers and toes burned on too many occasions – but the contrarian in me was screaming ‘buy’ in the face of the wholelsale selling that was taking place.

This is an extremely risky trade and even though I am confident the global financial system is not at risk meltdown, I accept the risk of further downside and of getting stopped out for a big loss of about 10-15% of my equity (I’m leveraged up to the wazoo on this one).

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s