EURUSD ........... I'm Long 0.9906 Stop 0.9860

margin_gamble said:
Loss of Trading Capital is becoming more and more real to me as the BEAR can kill off brokers and institutions left and right with just a sneeze. I fully expect banks to just nail our funds on deposit willy nilly because the new Law is already in place, namely "BAIL IN" = our funds are theirs on loan with just a promissory note

We are screwed.

I had a choice to make:

make a fortune in this BEAR by being short the stock market and Euro and pull in some rela big bucks OR close all trading/investing operations and get all my capital out to safety. I chose the latter for the simple reason I cannot sleep well if ther is a chance my money will be stolen or expropriated.

Needless to say I am disappointed that I cannot trade the BEAR.

But hey, I've made a nice pile so far in my trading. I have to live with my own limitations, the major one being I do not want to get robbed by the powers that be.

I'm just going to be a bum and enjoy life and travel if corona let's me or else just do some swimming and race carrring and whatnot. I don't have any shortage of money so tha tis not an issue.

When the BEAR is over I am gong back to buy and hold investing becasue by that time the danger of confiscation will be gone and a new bull market will have started.

But I will not be trading anymore. My first love is being an Investor like I did with stocks. It is my first love.
More...
thanks for your nice post Sir.
 
EurUsd 1H update ............... waiting for correction, then if the low holds firm I will make my last and final trade and cash out my Capital and be FLAT with NO trading accounts until the banks and institutions cease to be robbers


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Great news ............... Euro trade is closed and done with

Green, nothing great, due for even bigger correction and do NOT want to wait any longer for any other opportunity as I am getting infinitely more worried bout leaving too much money ont he table in the account.

Finished = done = Euro trade is copleted = profit is green but here's the thing, nowher near my expectation and desire.

It is therefore a failed trade in that I did not accomplish the amounts I was after.

But GREEn and all losses fully recovered!!!


I am a free man now

Notr a trader anymore.

Stay tuned for a revelation in next post
 
$318k

is the nett profit of the euro trade instead of the 1 mil I had wanted and knew I could get.

Waste of time and effort working for chump change.

Bye




 
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