A few days ago, I had no idea what my Fed account would do in the next few days. Fortunately, I had a plan when I logged into my bot this morning and saw my margin was less than 500%. I still freaked out, but I knew what I would do: “When the bot reaches a margin level of 250%, turn off auto-trading.”
As I prepared to take my morning walk, I modified my walk so I wouldn’t be out so long. Then, after getting home, I saw the bot screaming toward 250%. Just after I noticed this, we realized our backup refrigerator/freezer died. Seeing the margin hit 289%, I turned off “Auto Trading” to help my wife remove the items in the dead appliance.
Since The Fed and Gold Digger share the same account, I was also relieved I turned off trading with Gold Digger last night. Gold continues to be volatile. The combination of the raging AUDJPY pair and a jumpy gold would have put my account in possibly worse shape this morning. As a non-greedy investor, I err on the side of “What if..?” No matter how careful I am, the market doesn’t consider my conservative investment approach. I have to make decisions to preserve my capital, regardless of the moves in the market. Once these trades close, I will update you on how I did. 🙂
