Eighth Berserker Rage Of 2023

 This is the worst!

Just over lunch, with BOJ announcement on the JPY Yield Control Curve that’s been causing crazy volatility in USDJPY, I went to launch a 1.5M long on the high!!!

Ended up losing SGD37K!

OMG!!!!!!

All my hard work last few weeks to keep clean and try to prevent any blowouts, invest wisely and grow my wealth, and I wipeout almost 40K of my networth.

What I dunno how I keep gambling like this man. 

Argh.

All I can think of is that I’m still alive another day.

But this is by far the biggest hurt this year I’m sure!

And just because of a moments folly during lunch hour!

OMG!!!!!!

I think I have to quit trading for 2 months at least!

USDJPY Long Again III

 Still holding to my long USDJPY.

Now it’s 250K.

Friday encountered a very heavy selldown.

It is currently at 142.01 which my average pricing is around 143.5.

But no sweat lah, I’m just gonna keep holding on and earn the daily carry.

Huat ah!!!

USDJPY Long Again II

 The gift that currently keeps giving.

Managed to hold on to the 400K position up until now.

Sold off 350K at $145.03!

Currently holding 50K at $144.40 now. 

Let’s continue to huat!

USDJPY Long Again

 Let’s goooooooo!

So I was holding 200K of USDJPY at 141.02 since last week.

Last night I added another 200K at 141.38.

The 5% carry is really nice as I’m earning money every day I hold this 400K position.

Pretty certain this will go to 145-150.

Particularly because the Fed definitely isn’t cutting rates any time soon, and might even raise rates two more times this year. All while the Japanese governor Umeda has said the loose JPY policy will still be in place for the next 18 months.

Let’s see how long I can hold this position for and hopefully I can earn tons of money on this!

Let’s goooooooooo!

Seventh Berserker Rage Of 2023

 This is really a tough year for me.

That PE I invested in Polestar, has lost 70% in value.

Then I keep going on these stupid trade loses which are just downright wasting money.

Right after my sixth berserker rage, I put in another crazy large sized same short trade in the NASDAQ hoping for a hawkish Fed rate hike surprise.

And of course that is contrary to the market’s reaction.

I’ve lost another 14K.

Geez.

I really don’t know how to stop.

Sixth Berserker Rage Of 2023

 I just can’t prevent these things from happening it seems.

As long as I have margin, leverage and some spare cash, I just throw it all away in gambling on FX or Indices.

This time it started with a Friday fun bet on shorting the NASDAQ, which spiraled into craziness of longs and shorts that made little reason.

Ended up losing $15K.

How can I stop this and when will it ever end?

When I’m broke? 

All Squared

 So I’ve hit my 75 trades by 9th May.

It means I’m all squared liao.

Was nice as I made about 5K on USDJPY.

Took a small hit on gold.

Only my SEA Ltd sold put is still in play but that is surely going to expire worthless.

New Positions

 I’m now squared so I’ve sold some puts and calls to potentially enter new positions.

I have two USDJPY sell puts at 136.40 and 137.00 respectively which will expire today.

I have one XAUUSD sell call at 1980 which will expire in a week’s time.

I have one SEA Ltd sell put at 72 which will expire in a month’s time.

Let’s see which ones get exercised.

USDJPY & XAUUSD Squared

 Closed both my positions.

USDJPY at 136.75

XAUUSD at 1982

I should be beating myself up why I do not have the right convictions and get scared by the market movements so easily.

USDJPY if I had kept my 800K position all through till today, I would have hit my original TP at 137.50 and made 32K. Instead I got scared and ended up chopping and trimming then reopening my positions because I feared the market turned etc. and ended up with a profit only about half of what I could’ve made.

XAUUSD I just got the jitters because I overleveraged myself o. The back of adding more USDJPY positions. Again very stupid to overtrade rather than keep a non-worrying small position.

What a poor trader I am.

Have a few new potential positions which I shall detail in the next post.

USDJPY & XAUUSD Update

 I squared off 3/4 of my USDJPY position right before it flew 200pips!

Really wasted.

Now holding only 200,000 in USDJPY. 

It’s a nice profit but I could’ve had much more!

USDJPY closed the weekend at around 136.30.

Greedy me.

Gold still steady, hardly any change but yield is gonna get even better with May’s hike likely incoming.

Making money definitely feels better than losing money.

I need to hold my positions for longer periods like these two babies.