Sharing my investment opinions/trade ideas as well as rationalizing them in words. All posts are personal opinions and do not constitute a recommendation to buy or sell any financial instrument, or to make any investments. Readers should do your own due diligence at all times.
Sheesh.
When it rains, it pours.
So quickly went crazy again, this time on FX.
Had taken a view than Liz Truss’ resignation would help pump GBPUSD. Instead it tanked due to all this leadership turmoil. Lost $500.
That same evening, went to long USDJPY at its high of 151.80.
What a joke.
BOJ intervention came in just a few hours later, sending it to as low as 146.20. OMG.
At one point I was down 5K+.
Managed to recover to lose ‘only’ 2.8K.
Ouch.
I need to stop this bleeding any further.
Dammit.
Was hoping to avoid this all year.
Last CPI data came out and the US markets tanked 2% right at open.
I shorted the market.
But the market then slowly recovered and ultimately turned green! Up 2% instead!
What a 4% swing!
I ended up losing SGD 3.5K.
Dammit!