I should've taken profit when it hit 1.2960, but I'll take it today instead. That's 36.9 pips in what could've turned out to be a mess. But, I kept myself calm by reminding myself of the US bank stress tests. They wouldn't let the Euro down. I'm not sure traders will respect the tests, though. And there's a strong downtrend...we'll see. (Act: $36.77; 31.5% gain)
Rare Earth Investing Opportunity as China Strikes Back
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This past Friday, Beijing, in response to the new U.S. tariffs, announced
controls on exports of medium and heavy rare-earths.
I view these rec...
1 day ago
So you let it go nearly 100 pips against you because you had a gut feel opinion about the stress tests to then take a 37 pip profit?
ReplyDeleteGood job I'm only working part-time or I would have had the time to call you an idiot (in a constructive, polite, well-meaning sort of way).
I completely agree with you.
ReplyDeleteI did have my profit target at 1.3, but that doesn't matter. One of these will run against me for more than I can sustain.
Same thing happened today. 9.3pips with a ~35pip drawdown.