431st trade today brought to the fund one of the hugest losses during the past almost two month. It doesn't have any reasons of entry neither exit. It was opened cause of my fault, better say mistake. And btw it was not ES contract. It was Nasdaq Composite futures, ER. But indeed, w/ my mistake one serious risk management trouble have revealed.
432nd trade, unlike previous, have a reasons. It was opened because: 1) bullish divergence on ES minute chart w/ $tick confirmation have appeared, plus 2)energies (the weakest sector) initially didn't post lower low. Fixed, cause bearish news about, again, Greece were at a place. Plus previous trade was still opened w/ the huge loss so to concentrate on the new trade was an an easy target.
On behalf of the todays huge drowndown made by risk management fault, for now, during the march, the fund have slided some 8 and a half percent. So, in a matter that tomorrow is the last month session, it's unlikely that I'll complete last fridays target to make at least modest but profit in the 2nd year month.
In deed, I'm not upset of todays session slide that have harmed all the bets to make 2nd plus month. The 1st issue is that practice shows, my trading approaches do work. And the maority of huge losses were fixed only because of risk management troubles. And the 2nd point, today I do revealed very solid risk management mislead. And after afterhours work I do think, risk management will be substantially safer for the fund execution.
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