When I turned 30 – that some says is the age when you become grown up – I got interested in the mechanics of investment.
First, I traded with playmoney.
Then in a years time I went on to learn about trading with options.
With play money for months, then in the Summer of 2007 with real money. Will tell more about the later experiment in regular posts.
Now, I am learning forex and keeping it conservative (safeguarding my mom’s holding). Plus experimenting with financial betting.
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- What is this Forex thing about? While, I do trade for some 4-5 years now....
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Good going on your FCX long yesterday at 1:09p.m.!
I was short at the time.
Could I ask how you were so smart to get the direction and timing just right?
Thanks,
John in Florida
Thanks for the question, John,
Well, FCX is one of my often traded watchlist (of penny incerments options) item. My trading system is pracically a short-term one (3 days, 5 min chart) where I use a long term trend as a base. As it is still not breached being long. I was simply looking for an uptrend reversal from any of my watchlist items. Only, FCX made it.
Were you trading intraday with options? If so, then at points you were right and could eventually make some profit as well.
Hope you have had an appropriate stop loss anyways!
Good luck with your next one,
Dez