Unfortunately our initial trade SL’d at a loss of 45 pips for an overall loss of $-22,050. Disappointing to start with a loss, but a few positives.
1.) Brings us back to reality after an almost dream like build up for the MAM, perhaps a needed reality check.
2.) Risk management measures were respected, we stuck to our risk limits and did not extend SLs etc.
Anyway we can’t win them all and it would have been nice to start with a win, but such is life. Back to the goals.
Two new trades entered:
Sell 48 lots GBPUSD @ 1.2523
Sl 1.2522 – NOTE trade shot 20 pips into profit at time of writting this, so we put the stop one pip in green.
Maximum possible loss: $0, SL is one pip green
Maximum possible gain: $107,040
Sell 48 lots AUDCAD @ 1.0019
Maximum possible loss: $-16,688.51
Maximum possible gain: $43,172.44