Monday, May 4, 2009

Trade Updates

I am out of the other half of my Euro/USD trade with a loss and, therefore, overall, I made a decent net profit because of the other shorts I covered last week and the one today. Just closed the other half positions of my Euro/Yen short, both profitably (the intermediate account too.)

This stock market is ridiculously overbought, and I don't trust it...and futures are up again! The Euro has the tendency to move with it, so I will stay out of the world's most liquid pair for now.


p.s. Sprint reported great earnings today, which is why I took profits a couple of weeks ago. It's at $5 now...and so what? Never second guess a great profit.


No comments:

Post a Comment