- Am torn here between a desire to reduce risks now and make sure I have a decent positive year, or following my system and milk current trends for all their worth.
- This whole year has been a struggle. Blew up in Jan10, and every single month end since then I have been staring at a negative YTD number. Only just turned positive last month (saved by Fed/QE2 on 21Sep10) and this month so far has returned a big bonus to bring YTD to a decent level. I so do not want to cock this up again.
- AUD/USD today has just taken out a very significant high at 0.9849. If I am not wrong, the last time we were here was in 1983. So strictly speaking, I should begin to build up a big long position in AUD/USD again, having taken profits below here just yesterday and today.
- I think I shall do that. But will have to reduce risk elsewhere first.
- Go in again. New parameters. New mentality. But watch downside, not upside. The year is almost over. No time to recover from any new setback. I want to be paying income tax next year.
7 comments:
Paid 0.9875 for some
Paid 0.9850 = break point.
Sep AUS Employment +49.5K vs E_20K.
Nov : RBA rate hike + Fed QE2 expected. Directional bias between now and then clear.
You don't have to report to anyone your year end number. It isn't like 12.31. is your last day of trading. It's only psychological point.
It matters. Trading is all about right psychology.
True, I understand it now.
Paid 0.9758
Post a Comment