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.
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.
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.
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.
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.