I lost about 60K yesterday afternoon on Usd longs
I decided to go long Usd into the weekend yesterday,
I was going to open a UsdChf,and a UsdJpy long, and keep within the weekend margin
Against my better judgement - I got greedy - I opened UsdMxn, and UsdZar and UsdNok positions, too
I was going to see how much of them I could carry into the weekend, and close the rest
As soon as I had opened the crosses long - they plummeted - Karma at work!
I was down 40K in minutes - and eventually closed these crosses with a 60K loss
Now, the good news is that I did not panic, and blow up my entire account, like I have done in the past
I remained calm, and weighed in my equity, and eventually took my losses
I am proud of that - Traders will always take a loss at some time, what makes us succesful is how we deal with our losses
I am now carrying a long UsdJpy, and a long UsdCad into the weekend,
and my account should live to see the fight that will happen on US election day,
depending on the outcome of the elections,and market sentiment, I will either close my positions or add USD longs
good weekend all!
I decided to go long Usd into the weekend yesterday,
I was going to open a UsdChf,and a UsdJpy long, and keep within the weekend margin
Against my better judgement - I got greedy - I opened UsdMxn, and UsdZar and UsdNok positions, too
I was going to see how much of them I could carry into the weekend, and close the rest
As soon as I had opened the crosses long - they plummeted - Karma at work!
I was down 40K in minutes - and eventually closed these crosses with a 60K loss
Now, the good news is that I did not panic, and blow up my entire account, like I have done in the past
I remained calm, and weighed in my equity, and eventually took my losses
I am proud of that - Traders will always take a loss at some time, what makes us succesful is how we deal with our losses
I am now carrying a long UsdJpy, and a long UsdCad into the weekend,
and my account should live to see the fight that will happen on US election day,
depending on the outcome of the elections,and market sentiment, I will either close my positions or add USD longs
good weekend all!