So after my post on March 6, I went into a few more trades. I ended up at $999 for about five minutes with nothing open. I thought I saw an opportunity and jumped on it only to have it go backwards on me fast. I’ve just spent the past 4 trading days trying to catch up. At one point, my total equity in my account was down to ~$650 – nearly $340 loss. I was attempting to try out a new hedging strategy that almost ate me alive.

I was hedging hard, long on the USD/JPY and holding ground. A few stupid mistakes and I was at close to $750 in equity when I started trading tonight. Still down but better than where I was. It has take me about 4 hours of hard trading. My problem is that I was carrying two very heavy, negative trades. So I switched my strategy. I sucked it up and closed down almost 400 pips in losses (over $400). I had open trades going on so my equity wasn’t in that bad of a situation. As I was bouncing around the charts, I noticed I was sitting on the falling side of a right-shoulder so I went to all short on the USD/JPY. After riding it out and resisting temptation, it finally paid off.

So. As of today, I am out of the market with a total balance of:  $1014.01

That puts me at a total return since February of 14.18% – only ~4% this week.

My head hurts.