Thursday, January 7, 2010

I saw GBP weak yesterday because of the upcoming BOE rate decision, while it is widely expected to be a non-event nonetheless one will expect some market nervousness. hence I went short 5 GBP at 5968 (I agree that was too early but I thought lets scalp) and then again 1 GBP at 5984. but the market suddenly moved against me and went all the way up to 6050 and as you would be aware, leverage eats up equity at a pace so fast at this size of a position that I decided against sticking to my target of 5940, and put my take profit at 5960. which ofcourse was hit and I am now at 67400 i.e. around 35% up in 2 days :)
(if you consider my moneyed adventures, I am 135% up in just 35 days)

Account stmt