Wednesday, June 24, 2009

Trade 11: IRN, speculative loss

A mistimed position that was luckily hedged with WBC - I haven't exited WBC as it hasn't matured in it's charts.

Stopped out of IRN at .48 for a total loss of $372.

My biggest loss, which the lessons were

1/ time my entry better, with a technical risk/reward profile
2/ stay with my views on the macro level before making

Some good points on the trade
1/ I kept my exposure low, thus reducing the overall dmg
2/ I hedged the trade.