Another year, another financial blunder.
My first and second berserker rages of 2020 came within a week of each other.
All blamed on the this irrational market.
I feel so stupid and yet knew I could've avoided things had I been a little smarter about it.
The first was due to the airstrike that killed a top Iranian commander. The world knew Iran was going to retaliate and when it did, I think everyone just simply shorted the markets heavily and so did I. However as the bombs fell, the world irrationally decided that the tensions were going to ease soon after and it began to rise. It rose back to pre-tensions level and then continue to break new highs! From there I just basically died and got stopped out.
Lost SGD 6,000.
The second was stupidly because of IG Markets' trading platform. By placing a guaranteed stop, I could engage in much heavier sizes to trade on. And with that I went crazy short on Tesla, on AUDUSD, and S&P. Once again all were correlated and went on irrational rises against markets' expectations. Again got stopped out and lost a ton of bricks. Dammit!
Lost SGD 6,800.
Are things going to get better for me?
I dunno.
By the turn of the lunar new year, my year should be a little better hopefully.
Let's see.
Until then, I have imposed a trading ban on myself till end of the month.
Pui!
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