The News Junkiewhat they were, but it was about 120 pip of profit on a good amount
of money. So it was at least a$50,000 profit and that sticks out.
Q: Now, did you make so much money because you went all in
or did you keep on scaling?
A: I kept scaling in.
Q: Was it a one-way move at the time or was it a lot of retracement
and then continuations?
A: Well it jumped initially and it pulled back, I want to say like
20 or 30 pips, and every time it pulled back I just kept loading up.
I knew from the get-go what my limit was. I was willing to risk
10 to$20,000 on this trade if it didn’t work out.
Q: So you had a hard monetary stop then?
A: Right. This was one time I did put in a stop because normally
I just watch the market. I was afraid that the Internet connection
would drop [laughter].
Q: What’s your worst trade ever?
A: Wow, that would have to be another NFP. That Friday I got in
on the wrong side of a British pound trade and it went against me.
I was basically frozen like a deer in the headlights. I just didn’t exit
when I could have gotten out for maybe a 30 to 40 pip loss. I ended
up getting out for 100. So, of course, I was in a bad mood and I
didn’t handle things properly. At the time, I went out and bought
the pound, leveraged myself really high, and then turned off my
computer. I came back it had reversed another 100 pips, and I
ending up losing like 200 pips that day senselessly, just because I
didn’t control my emotions properly.