All positions moved favourably and profits were banked on ORI. View trade:
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A few people have asked me what ‘R’ stands for. ‘R’ is the initial risk of a trade, usually stated as a percentage value of the account. Everything we do should be measured in ‘R’ because it equalizes all trades in terms of risk. We do not attempt to pick one trade over another because the outcome on any single trade is always unknown. As such each and every losing trade must have the same impact on the account, and that impact is ‘R’. For this model account ‘R’ is 0.5%.
All open positions have their respective stops at breakeven. Some are close to their target levels which we will adhere to.
Trades executed last night:
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The account is now +12% in 7-weeks, or 24R, including open trade equity. Had we been more aggressive and use the standard 2% risk we’d be +48%, however, we tread cautiously and build the account over the long term using low risk compounding.
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