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.
So it’s the weekend and both my positions have continued to survive.
USDJPY is up to 134.10.
XAUUSD is down to 1983.
Both doing well in my favour, while earning about 5%pa credited daily!
Hopefully this can help me make tons of money!
Let’s go!
Opened a short 50oz position on XAUUSD this morning at 1995.
Was motivated by gold’s triple top chart structure.
A break means a new ATH for gold but I really cannot see it happening.
Not when USD is paying me 5%.
Funnily I’ve still held on to my 600K USDJPY position and even upped it to 800K, and have turned from a paper loss of 5K to a paper profit of 3K and counting!
This is my super high conviction trade of the month or maybe the year!
I believe the US is not cutting eyes any time soon, while Japan will not be raising rates any time soon either.
So we are likely to see USDJPY yielding about 5% in carry interest. Almost like placing a leveraged fixed deposit.
At today’s rate of 133.90, I think it will run back to 140.
For me, I only need it to go and test the last three months high of 137.90+ and I might get out already.
Hopefully I will have disciplined to hold this position.
Meanwhile I’m earning about $100 a day just holding this trade because of the carry. Shiok.
Time to make back all that I lost in the new year let’s go!!!
Will update. Diamond hands!!!
What a bad year this is turning out to be.
Everything I touch in investments turn to losses.
And heavy losses at that.
Played the NASDAQ and ended up losing 5K.
Then longed USDJPY and now stuck with a 600K position and already down another 5K.
I cannot seem to get any respite from this bad gambling habit of mine.
Gosh.
Now hoping I can maintain that USDJPY position and not lose even more.
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This year's CNY celebrations were pretty fun in the office.
I got the Lion dance troupe to come round and bless my table too!
HUAT AH!!!
The boss gave all employees chocolates and a heartfelt message.
As you would know, I hold a really large position of PSNY since IPO.
On Friday it hit a low of $3.71.
Like WTF man, I have lost more than half of my original investment in Polestar.
Really BBQ liao haiz.
Hopefully it can survive this global banking crisis.
After five near consecutive weekends of berserker rages since the final day of 2022, I’m very glad to report of none since 13th Feb.
Been plying it small and derailing quite a bit although not entirely unscathed. There were a miss or two where I could’ve gotten in berserker rage trouble but thankfully I keep reminding myself of the trauma of getting carried away.
Hopefully no more for this year and a lot more savings instead.
Playing a little bit of low risk covered puts and calls as well.
Towards a more huat final 10 months of 2023.