Wednesday 9 March 2011

Technical Difficulties

Sorry I haven't kept this as updated as it could have been, my BT router has been giving me problems, and randomly disconnects for 5-10 minutes.

I was placing a hedging trade last week on the Unemployment Changes USA news. What this means is while trading was quiet as traders were waiting for the figures, I wanted to both buy and sell short at the same time (meaning I am always break-even money wise). So I will be in at the best price and just close the losing trade after the trend has formed after the first 5-15 minutes, and let the profitable trade run until the movement ends for the day.

My BT router went offline after I had only placed 1 of the trades which was literally 2 minutes before the news. I couldn't get back online for some time and no stop loss was put in place as I manually enter stop levels after placing the trades. Needless to say after rushing to get my router back online by restarting it a few times, I managed to get back on my trading platform to see a third of my account gone. I didn't trade for the rest of that week, was too angry to focus on trading so I took a few days off to relax.

I don't mind showing people losing days on here as I have done in the past, but due to the size of this 1 loss, I won't be showing it due to family/friends reading this blog. This has set me back around 2 weeks. A small setback in the long-term scheme of things, but still 1 that should not have happened. Hopefully once fibre optic broadband is installed later this year, I won't have to worry about any of this again.

Started trading this week, need to make March as good as February was and I'm already off to a bad start! However this week has been easy. Will update the blog with all news/trades/pictures tomorrow.

Goodnight all.

No comments:

Post a Comment