In line with market expectations, Japanese GDP was revised upwards to show that the economies contraction was changed to small growth. Other than that, UK data was soft today (interestingly enough it seems to have been leaked 15 mins early again today). This has been a trend in UK data for the last few months and I have often commented on this. I think it is appalling that the regulators have not yet done something about this blatant abuse.
Our two shorter term trades (NZDJPY and NZDUSD sell) are in profit (at the time of writing this). I expect them to continue in this direction. I feel the RBNZ will cut rates on Thursday morning and will state they are willing to cut more in future.
Our first day of options trading was excellent. Only some members of the community have reported their results, with 20% gain being the number I have heard the most. That is better than I expected and I am glad this got off to a great start!
I see a blue star near my name today, but those of you who read my posts over the weekend knew this was coming and have heard my pledge that I will not let it effect my trading what so ever. The community comes first. Always.
Our longer term lower leverage GBPCHF buy has under performed significantly today, but I am not to worried about it at this point, since it still is sound, still is safe and I had planned to leave it around longer (which is why I did not close it in green yesterday). This investment was made with a section of the portfolio that was not being used for trading or defense and so I thought it was better to make a longer term commitment on a pair with potential. I feel that I am right. Time will tell whether I am or not.
Our first week of CFD trading was an utter disaster. Will try to learn from the mistakes and build on this next week.
Seems I still get upset by the Etoro experts. You know the ones. The types who comment about how they knew what was going to happen the day AFTER it happens. Its almost as if people expect you to be right all the time and expect everything fast. They do not realize that today and yesterday only matter slightly, what matters is OVERALL performance. Its so annoying to see this nonsense from them every day. No matter how much I try to get used to it. I can not. To these people I say:
1.) I will not be right EVERY TIME….
2.) Anyone can be right with hindsight. Even I can give you the winning lottery numbers one day after the draw…
3.) If you can do better, please do. I will happily stop worrying about everyone’s money and give the responsibility to you.
4.) Nobody asked you to copy me ever. So if you feel more capable then please go solo.
The account is still in good standing and we are still aiming to make it a profitable month. We have had some set backs at the very start but we have mostly overcome them and I am doing my very best to continue progressing forward.
Thanks for reading,