All Squared

 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.

New Positions

 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.

USDJPY & XAUUSD Squared

 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.

USDJPY & XAUUSD Update

 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.

USDJPY & XAUUSD

 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!

XAUUSD

 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%.

USDJPY

 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!!!

Fifth Berserker Rage Of 2023

 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.

Saxo Social Sharing Campaign

  Saxo is having a social sharing promo right now.

Just share from your platform and stand a chance to win really exciting prizes!

#SaxoSocial2023

Chinese New Year Celebrations In Office

  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!!!