Day 16: Slow and steady wins the race

+$38.22 $524.29

Snowy day here in the east coast as a blizzard is coming our way. As the markets opened yesterday, Euro had a small pop, Pound was consolidating and Yen was bearish against the dollar. From my pessimistic view of the dollar last week, I decided to go long Euro, Pound and Yen against the dollar. The Euro and Pound worked beautifully but had a little resistance with the Yen. However, as the steam wore off, I caught the reversal as the dollar gained back strength towards the afternoon.

After such a horrible loss last week, I decided to play things safe and slow for now until my capital recovers a bit. All in all, not complaining about today, feels good to see those green numbers instead of red.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s