Okay where to begin?
First of all I am concerned by what happened on Etoro today. I spent hours over the weekend studying multiple pairs and preparing an analysis that would have minimum risk and a decent reward and came up with three trade ideas all of which I planned to execute as soon as the markets opened. I had put special thought into this, as I wanted to avoid trades involving the euro as I had no intention of capitalising on the weakness that would come to the euro as a result of the tragic events that took place in Paris (I think that it is morally wrong to try to use such a tragedy to gain profit). So, I woke up at 2 AM my time in order to execute my planned trades and make money for my copiers. Make money for all of you who put your faith in me.
You can imagine how annoying it was to find that despite having two days to do their routine maintenance, the Etoro platforms went offline for maintenance the very second that the markets opened. As a result, I was unable to make the trades that I wanted. I do not know this happened and I have not received a reply as to why it happened. All I know is is that in the last three weeks this is the fourth technical issue that Etoro have had at a crucial time. I really hope that this isn’t going to be the start of a continuing trend as I genuinely enjoy the platform and talking to the community. You guys have an amazing platform and you have created something unique that all of us enjoy. Please don’t let the standards slip. Please don’t let us down. So many people are counting on you.
Anyway back to the trades that got away, the three trades were:
- To buy USDJPY.
- To buy GBPJPY.
- To sell GBPUSD.
Those of you who have access to my private trade ideas on the forum know that I am telling the truth, for those of you that may be doubting this and thinking “Hey Mohamed could just be making this all up after seeing how the markets turned out”, please see this image if you have your doubts:
Anyway why does this antagonise me so much? It’s because quite simply, had I been allowed to execute these trades, I would have gained 200+ pips which would have resulted in approximately an equity game of $100,000 for my copiers. That is hardly an insignificant amount of money and I know that to most of the people copying me, this money makes a difference. I put a lot of thought into this and I am upset and I could not use it to its maximum potential.
However, not all was lost and I was very happy to see that certain copiers who actually read my trade ideas and took time to understand them put them into practice. It made me very happy seeing people like Julian and Tallbloke profit nicely from these three trades as not only did it mean that my work did not entirely go to waste, but it also meant that the people who take part in the community are learning and gaining self-confidence and using what they learn and putting it into practice. In short, they are learning to become better traders. Seeing this really lifts my heart as it is for this reason that I do all of this. Thanks to all of you for making the day a little nicer.
Moving on, not all was lost. After I let my irritation subside (never trade when you don’t have a clear head), I spotted an opportunity to take advantage of temporary USD strength against the AUD and opened a sell which I then closed in profit. This represents the 25th consecutive profitable trade in a row and ensured that overall today we raised the total equity of our account by just over 1%. So not all is lost. We still had a profitable day.
Before I finish, I just want to say once again that I am very sorry that today was not as successful as initially planned. I really wanted to give us all an excellent start to the week. I even woke up in the early hours of the morning to do everything to make it possible. Unfortunately, sometimes circumstances happen that are out of our control. Let’s hope this doesn’t happen to us again.