Stop hit on gld

 hey all,

Here comes our first blog loss. It should be interesting to see how losses fare over the coming days/weeks ahead.

Here then is the chart with trade log:

While the prospects for a lower GLD remains down in short term - stops where hit so I had no choice but to exit the trade and book the loss. Considering the two rules of investing. The loss of $144.16 falls well within my 5% risk threshold on any one single trade (rule #2) and has to be expected as the model I work with historically runs at about 70-75% accuracy and therefore meets the accuracy threeshold of 66% (rule #1). Having said that, no-one likes a loss, yuck! At the same time, if gold is up significantly overnight, I would be happier having exited.

That's all for this post,

Brian Beamish FCSI

The Canadian Rational Investor

the_rational_investor@yahoo.com

the-rational-investor.com

All appropriate disclaimers apply, DO NOT risk capital in options trading that you cannot afford to lose.