Wednesday, 21 June 2023

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!

Thursday, 15 June 2023

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.

Tuesday, 13 June 2023

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?