There are shorts and there are SHORTS - Part 2
Now compare the first one with this.
Jan 18 at the peak , you sell and hold till now, in between - do absolutely nothing !
And again see the volatility in between. Was it much smoother ?
So the next time, any authors (including me) post a trade opportunity, do not rush in to trade. Ask yourself question like :
- what's the volatility like ?
- what's the long term benefits of this pair for me ?
(for example, I need RMB as I travelled to China yearly. I also like GBP, EUR, AUD vs USD or SGD as I am planning education for my children).
- have i traded this pair before ? What's my trading experience like ?
- is the timing to trade coincide with my local time ? Eg. AUDUSD - I can trade first thing in the morning in Singapore.
Now , you know there are shorts and there are SHORTS, go out there and short the hell out of it !!!
Trade safely , guys !
Jan 18 at the peak , you sell and hold till now, in between - do absolutely nothing !
And again see the volatility in between. Was it much smoother ?
So the next time, any authors (including me) post a trade opportunity, do not rush in to trade. Ask yourself question like :
- what's the volatility like ?
- what's the long term benefits of this pair for me ?
(for example, I need RMB as I travelled to China yearly. I also like GBP, EUR, AUD vs USD or SGD as I am planning education for my children).
- have i traded this pair before ? What's my trading experience like ?
- is the timing to trade coincide with my local time ? Eg. AUDUSD - I can trade first thing in the morning in Singapore.
Now , you know there are shorts and there are SHORTS, go out there and short the hell out of it !!!
Trade safely , guys !
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