Wednesday, April 15, 2009

Lets start the rollercoaster

I sold all my US/Yen positions into strength...and at a loss. As my children say all the time...this market looks "evil," and I have the same bad feeling about equities that I have been writing about for the last week...(this is options expirations week, remember.)

I have to self-analyse and say, well, if you have been predicting a down equity market for so long, why did you (in effect) short the Yen in the first place? Welcome to the life of a short term trader! Therefore, even if we go back to 103+ on this pair, it's not worth the drawdown in the short term. If I still think this will happen, I will go long later on.


My accounts are still doing stellar. Stay tuned for official update.

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