Trading Consultants Inc is often asked what happens when partners disagree. ?
So first this rarely happens to us as we are so in tune with our process we rarely have an issue. There is, however, sense of various levels of confidence. Jon is conservative Jake is ultra conservative and I well I am what is called a maverick so the risk is an enjoyment to me. So we had a real situation last evening as our accounts are reaching maximum leverage of 10 to 1 so all positions were down 1 % we are down 100K which by the way is where we are now at the close. So we are looking to reduce margin to a more normal 5 -7 to 1 so with 1MM we trade it as 5MM to 7MM instead of now at 10-1 trading 1.1 MM as 10.3 Million
We are not so confident with EU short so I closed 1MM of position today with price high in an H4 Demand Zone I am glad to do it as it reduces risk and reduces a full position to a partial one I like to have partial positions for all our open trades.
However look at the PA for Shorting EURUSD and tell me How do you like me now?