AUD/JPY Trading Week

Well, the last couple days weren't as good as the first portion of the week, but they were still positive. I'm not complaining!

Thursday and Friday were positive by 0.4% and 1.1% respectively. So, for the week, that gave me a NAV gain of 23.2% in total.

If you've been following along you know that I only have a tiny total account size. However, the current plan, now that I seem to be able to generate profits, is to grow the account to a meaningful size.

Honestly, my account will have to grow by an order of magnitude, and then double after that, before I could expect to drive revenues that would replace my income. While that might take a few years I really am not in a rush...

Let the trading week begin!

Lucky Morning Session

This morning I was quite simply very lucky. I had been having network troubles and was not able to watch my position closely for several hours:

B EURUSD @ 1.3625
B EURUSD @ 1.3612
B EURUSD @ 1.3606
B EURUSD @ 1.3603
B EURUSD @ 1.3597

When I did finally get my network fixed, I was sitting pretty with:

S EURUSD @ 1.3650 (x5)

Wow, I'd just turned $100.33 into $121.03 in a morning. Can you believe the ~20% return on investment in such a short period of time? However, that means it is just as easy to burn that much money as well.

Anyway, I have to tell you, when I was watching my positions, seeing them all underwater at one point was a bit nerve-wracking. All I can say is that I watched the charts and felt the direction and then, by luck, hung on long enough to see it happen that way.

You'll notice that I'm not employing any "sophisticated" ordering strategies at this point. Beware, lucky novice at work!