The calm after the storm
What a day yesterday. I was running on adrenaline from just before the ECB rate announcement until about an hour after Draghi finished talking. I'm sitting here now and feel like I've had a night on the tiles :-D
You'll never hear me mention about how busy it is writing sometimes, but yesterday was a real rollercoaster. The FT thing, the rate announcement, the wait until the presser, then the presser. Boy it was fun and edge of your seat stuff
We used to get days like that on the LIFFE floor where your feet wouldn't touch the ground and hours would seemingly pass in minutes
I'm hoping that you all came away in profit or at least unscathed?
The team received a lovely email overnight from one of our readers who made a bucket load of pips, in part he said, due to our coverage. It's always nice to know that we help out now and again
However, it would be remiss of me to sit here and look like I'm pumping our own tyres when really I want to, once again, assert some grounded advice into proceedings
Yesterday may have been fun but it was a very dangerous playground. If you managed to get on moves because your were quick to react to the different situations, or your plans in advance came to fruition, then very well done but it's not you I'm talking to
The people I want to have a chat with are those who may have made money by just being fortunate to be on the right side when a move happened. That is luck not trading and if that's you then you need to go over what happened yesterday and ask yourself whether you can be lucky all the time. It's easy to let a lucky win seem like you made a good trade but that is a dangerous road to go down. That trade could just have well been a big loser, and I'm sure there are some traders out there nursing just such a loss
I don't want to pop anyone's balloons but today is another big day and the opportunity to catch another big move but on a complete lottery of a data point. Just like yesterday we should all go into it as best prepared as we can be and keep our discipline
Yesterday may have been a good/bad day for some but it's a new day today and what happened yesterday counts for nothing
I'm going to grab a cuppa and then I'll be getting stuck into the NFP stuff
Here's some soothing music to nurse your trading hangover (make sure your volume is set to the highest level ;-) )
