Friday, June 25, 2010

TGIF

Stocks - down hill since Tuesday till now, kena whacked nicely.

Forex - Loss back what I made on Monday and Tuesday on Wednesday when the JPY strengthen. Thursday and Friday...I step back and placed just a few "long" trades again on USD/JPY and Eur/JPY, all kena "stopped out". Shit!

Lesson learnt - sometimes nothing goes right and best to stop and take a step back to review what went wrong both for stocks and forex. Conclusion is that I was too impatient to wait for a proper set-up to happen and was too kancheong spider to cheong. Now staring at 5-figures loss! Stocks is too risky!!

2 comments:

wINtoTo N aLSo 4D...yEAh! said...

US market "up"...here also down, US market "down"...here everything went to pieces!

How to trade? Sure to lose!

wINtoTo N aLSo 4D...yEAh! said...

For forex...since with the huge loss in stocks, already no heart to pay full attention to trading.

Therefore again lose! NO heart or 100% focus....no trade in future!

That would be a smarter idea!

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tO hAVe FuN wiTH mY liFe aND aLsO wAnT mY loVED oNeS tO hAVE tHE SaME tOO. :) bUt iN rEAL LiFe tHaT sHouLd bE sOOn.