CFC or ANGO?

March 29th, 2007

I had a choice yesterday: short CFC or ANGO. It’s obvious which one worked out better. Why didn’t I just take both? This seems to happen to me quite a bit - I see two setups and try to decide which one is better and then I only take that one. I need to get to the point where I take both of them even though it may mean that I lose 2R on the day.

Sometimes I choose the “right” one, sometimes I don’t. I’m almost certain that I would come out ahead in the long run by taking both positions.

Anyway, this month has been quite good in terms of R, but I’ve been experimenting in breakout trading (which has trounced my dummy/fib trading handily) and my position size isn’t where it needs to be. Here’s the chart of CFC and ANGO. Comments welcome!

Short CFC, 03/28/2007

Short ANGO, 03/28/2007

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