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’