Dear Trading Diary: Following the previous week’s stellar trading results, my account took a typical breather last week – until mid-week, that is. That is when I was presented with a quick 500 pt profit in USD/JPY that was in a strong correction. But have
As we head into the New Year, most of us look back on 2023 and assess our performance in the markets we choose to trade. And also look forward. Do we keep to our winning strategies that served us well and ditch those that didn’t?
I confess the post October 27 stock rally has been a major surprise to yours truly, not so much in form or timing but in scale which has been huge. But the form of the waves off the November 2021 ATHs clearly point to it
And especially in the Chinese markets (and also the Dow – see below). Latest data out of China appears to be dreadful and the MSM have jumped all over it with headlines such as this from the Telegraph: China faces an economic perfect storm –
Stock indexes are now in full-blown retreat, as I intimated from last week’s blog caption ‘It drops slowly – then all at once’. Last week the Dow lost almost 2,000 pts. See what I mean? Markets usually fall a lot faster than they rise as is encapsulated in the aphorism You fall out of the window faster than you climb the stairs.
Because I was side-tracked by ideology (a really bad habit), I missed a few fabulous trades last year including the incredible stock index markets along with surging Tesla (and Bitcoin). On the plus side, I nailed the huge rallies in many commodities including Crude Oil, NatGas, Coffee, Soybeans, Corn, Wheat, Cotton and a few others. The gains there have been massive and helps ease the pain of my misses.
