QuoteDislikedmaybe if still have green pips, do someone favour, buy ophans some shoe or something.
or buy friends a drink. something get it off you.
guess I gotta buy lotsa stuff after getting out green in the last 20h. Going 3:1 levered long usd into fomc wasn't exactly smart I guess... It's the 2nd time this Ben monkey does it to me after sept. last year.
2 months of profits risked to show up with ~ 1 day profit, no sleep and I don't even have a position now(saved my cable short instead of buying usd/jpy). Those extreme rescues clearly don't become easier with time...
and I still don't understand what they want. There's less deficit... what the heck do they want?! Corner the bond market?! Less deficit = reduce qe, it's not rocket science...
This guy is truly dumb; I bet that, even at home, all he does is print stuff. It's the only thing he knows. And as replacement we're offered Yellen...
anyway, I was reminded a very important lesson: timing and patience. Since '11 I've been shorting aud considering China economic reports to be absolute bs(anyone who lived in an ex communist country would've thought the same). I've sold at 1.058 till I got blue. Gave up end of last year... than Druckenmiller comes saying he doesn't like aud and it drops 15% in the next 3 months(and laughably I make most money in those 3 months being long aud). Now I risked a ton to save a short aud...
I had a limit order short cable at 1.582 with profit at 1.5765 for 1+ months. I go on holidays, cancel all out of market orders; I don't put it back when I return. I open comp. one morning to see that my trade would've make profit in 1 hour(pretty obvious, really). I get pissed and started shorting cable, despite not feeling like(don't get me wrong, I still think there's only hot air below it and it'd be hard for me to go long on it, but... I knew it wasn't the time to short). At least I had the brains to use small positions and close at 0 profit, reopen higher... I was looking at the screen last night at 1.616 on the 2nd impulse and I was like... "heh, finally this thing topped, I'll even make some money". It took less than 1 minute; it was like... crystal clear.
Sure, you could say that, if I didn't had the scout out for one week and I wasn't 100% in sync with the market, I couldn't have possibly know. But I remember reading a week ago an article about how it'd go 1st to 1.615 and not 1.576(not the usual bs analysis, the guy knew what he was talking about); and agreein' 100% with what I was reading. I'll probably make less on the downmove than I would've done on the up move since I'm tired; and all that after sweatin' for 20h and risking a ton. All that because I didn't make 65 lousy pips a week ago... We're humans; letting go it's damn hard...