Performance: Week of October 13, 2007

This was another week of misery for me as markets moved against the positions I've been holding for months. On Monday, I went long the USD/CAD @ 0.9810 in hopes of a larger rebound in the pair. The pair rose over 60 pips at one point so, not being too confident of the reversal move, I moved the stop to the opening price. The stop was hit a day later. On Thursday the 11th, I again went long at the same price with a 60 pip stop that got hammered a day later. I lost about 60 pips this week.