I’m thinking back over the last few years.
I’m trying to remember a day that has been as fun to trade, as today.
I’m not saying that it has been immensely profitable. I have an unrealized gain on being long AUD/USD, and a 0.112% realized gain, from a CAD/JPY trade.
But it has been fun.
I had been short CAD/JPY for some time. Last night I looked at the position, and quickly began to pat myself on the back, and congratulate myself. What a genius move! It was about that time, that my process saved me from my own ego. I took my position, and bought back 25% of the position size, profitably.
CAD/JPY then proceeded to rally.
I eventually closed down the trade on the remaining 75%, with a 5 pip profit. I’m still long AUD/USD from some days back, and enjoying the schizophrenic ride the markets are delivering today. I mean … check out the long end of the curve since February 19th …
If you stay humble to the dictates of price … the markets love to hand you something you did not expect. It gets to be … fun … after a while, to watch what the market delivers.