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Strategies & Market Trends : January Effect 2003 -- Ignore unavailable to you. Want to Upgrade?

To: RockyBalboa who wrote (135)	2/5/2003 12:21:59 PM
From: Londo	Read Replies (2) \| Respond to of 666

Yuck, and now the Euro is down nearly an entire percentage point - it looks like that I wasn't in the minority when I originally placed my trades (entry point and stop). Shame on me, I deserved to get stopped out for a loss. It's amazing what difference a penny makes. The only consolation is that I nailed the 30-year bond short pretty nicely today. But the sting of the Euro, not good. I just wish I could switch off all those emotions as a trader, they prevent me from biting the bullet and saying "Damn, the euro is down to 1.076 which is a whole 1.5 cents less than my stop point, how can I short this thing again?". But the sad fact is, it's the right move to do (i.e. keep a short position).. we'll probably see Euro at 1.05 in a month.