Alright, maybe not quite.....but having a hell of a month.
7.02% gain so far.
British Pound/Japanese Yen pair has been good to me. So has the Euro/U.S. Dollar, and the U.S. Dollar/Japanese Yen pairs as well.
The nice thing is that I have already hit my monthly target. I am trying to keep it at about 4% per month, and I am getting better and better now. I am presently up 19% total since late October. (When I opened this account, and joined the James16 group.) I cannot tell you how it feels to see this hard work paying off finally.
The Eurodollar has been somewhat choppy in the last few days, so I have made money selling and buying Euros, for small gains. I was lucky enough to be on the right side of the British Pound/Yen pair. (That one can hurt you, with the way it moves.)
I almost got long Euro/Swiss Franc, but it never confirmed the move I was looking for. (It might have by now, I don't know....closed the charts at noon.)
All-in-all, I have to say that I am quite pleased, and finally am starting to gain some confidence. Thank God all that work wasn't in vain, as it would have been devastating. So there is a message in all of this "gloating":
Never give up.
It is impossible to become successful at anything by quitting. Just do me a favor, don't trade large amounts until you become profitable on a consistent basis.
I once read a great post by James16 saying that this is a business. Most of us get into this thinking of quick riches. And guess what? It isn't.
But with compounding interest, it can grow your money fairly quick. I know it's not what some of you newer traders want to hear, but it's the truth.
Remember - the truth will set you free.
Friday, January 11, 2008
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