- Like a chicken, been watching this bubble burst from the sidelines for months.
- Just couldn't summon up the courage to take action to sell.
- Gone from 30.40 high to 14.66 now. (On 1 single lot, thats a P&L of USD 17,628 in just 3 months! And IMR on 1 lot is USD 2,520).
- Looks like target is 8.36.
- Remember what they say about housewife wave, greater fool etc .. feel like I am setting myself up to be one.
- Perhaps I should just leave this alone and learn from it. In future, when parabolic charts like this break, just close eyes and jump in short. Don't wait.
- Hmm .. maybe I will dip in and conveniently forget to report it here to prevent embarrassment.
- [PIGS yield charts have parabolic rises. At some point, they will snapback just like this too, with significant implications for lots of trades eg EUR/USD].
4 comments:
OK done it. Sold a single lot SBN0 at 14.95.
Fully expecting to regret this.
Who knows, sometimes the best trades are the hardest ones to put on. lol - all the best with this one.
BH
Amazing looking chart.
Wonder what Jim-(take 2 sugars, no take the whole freight load)-Rogers has to say about this...
Sold another lot SBN0 at 15.43. Average short at 15.19. Now we sit and do nothing but watch.
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