Going on vacation on June 18th was needed, but it wasn’t easy. Dalio was in the middle of “substantial” interest in EURCHF. In the days leading up to the trip, Dalio took a new trade on this pair nearly everytime I checked. This led to my wife and I coming up with an agreement:
- I could not check myFXbook account
- I could not read any of the community postings from either NURP or EFX.
- I could not go to TradingView and check the price of the Forex pair.
These were my rules, but she had different rules. Once EURCHF cleared a certain level (the last “sell” level I was aware of), I could look at my bots efforts again. This approach allowed me to not know for certain whether the bot won or lost. Since it took 3 days of vacation time for the bot to close the trades, it gave me time to accept the worst possible outcome. It didn’t give me time to like it, but it gave me time to realize quality time with my wife was more important than being consumed by the bots activities.
Fortunately, the trades did go my way. While it was a relief knowing the account grew rather than shrank, these trades were an additional reminder that bumping up the lots sizes has a cost. I am not grateful for my “greed”, but grateful for another reminder of how quickly the bots can go into significant drawdown.
