Reporting from Workstation 9

"These are markets for the brave", says my forex insider( A little window on my forex trading platform that is my window to the market mayhem in the world today).

But I am having the time of my life. Am I brave? Or am I just so in love with the madness that my losses haven't added up yet.

The thing is I am still on my practice account. The live one (where I share profits with Chini) is for reasons I don't know still threatened by the prospect of my trading it, or srini making up stories to avoid taking half my losses!

I am happy with my trading. My experiences have culminated in 7 trading rules (hope to make it 10 with some more experience), that I've stuck on my wall and am learning to swear to live by it!! (The rogue in me is hard to tame!)

Currently the dollar is trading at 106.4 - 106.5. I was short some time back. Liquidated and changed to a buy. Shit!

Reasons I could get rogered
1. US markets are yet to experience that kind of bear attack, the Asian Markets and European markets have seen
2. There is tremedous risk aversion in the markets

Reason I could be come out fine
1. Emerency Fed Cut- The most potent market stimulator. Srini seems to think the chance is good. I was betting on Bernanke on being more sober, but it would be deadly if I got caught on the wrong side of a trade like this.

These markets are indeed for the brave.

Labels: Markets