Welcome to the “Sit on My Can” Show

Posted on Apr 16 2015 - 7:31am by Sharpe Trade

So I woke up this morning to find U.S. equity futures down, and AUD/JPY rallying like a monkey’s uncle.  How is that for ‘mixed risk’ signals?  All part and parcel with the meat-grinder.   This AUD/JPY loss gives me another very small Forex loss.  My Forex losses at this point take my active Forex trading losses down to -1.38% and my Forex account as a whole down to -0.46% this year.

I’ve said this before … maybe once or twice … but I’ll say it again.

The name of this game … is to make sure you do not lose money

Have I ever said that before?

I don’t know, I might have said that before.

Maybe once or twice.

Facetiousness aside, in this business?  I am one of the best … at not losing money.  I’m not sure if I have mentioned this before (I may have … maybe once or twice) but I have a bit of a secret weapon in my arsenal, that I plan on employing for my Forex accounts in order to build them up a bit.  No, it is not “Carry Trading”.   But this ‘secret weapon’, will allow me to sit right here on my not-so-fat-can, until my recoup strategy takes my Forex trading account to a positive 2% or 3% for the year.  At that point, I can begin active trading once again.

Think about what that means.

I can either make 30% or more for a year directional trading if I hit a good run.

Or … make 4% or so, if I have a bad year.

That, is the essence of all trading. 

That … is a ‘win’, ‘win’

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