Hoping that crude oil and loonie fall today so that we can further salvage the damaged trading account.
We have 4 lots long open now towards the 1.2780 and 1.2790s.
The very survival of the trading account is at stake (and at some level our financial survival!).
Yes, crude did fall in early London briefly and then nicely in NY and so we finally got some breathing space and can do fresh trades
All in $/CAD. Some how ended the day at +$70.
So the damage is the $2K sustained yesterday. And so Ghawar 5's equity slumps from $6.3K to $4.3K.
And now we have the 3 lots open that we need to try to see through towards $5K or $5.5K ideally.
Then we can continue to try to repair the trading account equity towards the initial capital of $6.3K next week.
Tomorrow aside from crude oil of course, will be the Canadian jobs report for May.
If the number disappoints, then there is a good chance we come out of this.
No comments:
Post a Comment