Dammit!
The news of BOJ announcing that they were going into negative interest rate (NIRP) territory started it all.
From a spike stop out (I was short USDJPY), it all spiraled into madness as I went in and out, in and out, with very tight stops and larger and larger wagers, all in the vain hope of chasing small gains.
A classic FX trader's mistake, failure to control emotions.
The losses kept piling up. Hundreds upon hundreds into the thousands.
By the end of the night I was staring at a total loss of SGD10,024.
This really hurts man.
I thought it wouldn't happen to me again.
Now to pick up the pieces.
And stop any trading for awhile (or ever), so that I can consolidate my finances.
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