Wednesday, September 16, 2009

Starting over...

I want to start over... I did not like the fact that I started the experiment when the market was about to turn and had a very bad start. Ironically, I actually knew the market was going to turn, but I was reluctant to hold on to a long position because I did not want to speculate. The losses from currency trading made me more risk averse instead of holding. However, in hindsight, I was surprised at this rally's strength. I thought it might be one of those 25% rallies that happened during 2000-2002.

Right now... people will not be optimistic or even bullish, but the frustration from bearish traders would keep them out of the market.

This will at least change my psychology as i would not be trying to dig out of hole (let's say I am only down 4% now). From this perspective, I would not be frustrated. The starting over is to simply refresh my own mind.

Same positions though although initiating them now.

EUR/USD short 1.47 60

GBP/USD short 1.64 60

USD/AUD 40 1.14

gold short 1016 20

copper 2.94 30

US treauries 10 year. 3.46 70

SPY short 65 107.10

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