Archive for January 24th, 2009

Friday wasn’t that good day for me. At 10:00 I saw the Dow around 7950 2% down even before the start of the trading. But I had to go out and I didn’t want to open a position when I can’t monitor it.

So I called my friend and asked him if he want to join me to put a long bet on the Dow. He said no. He already opened a position on GBP/USD at 13520. It is a good price he said. So I checked and it was 13502. Good I though to myself… but by the time I hung up the phone the price was already 13550 (less than 5 minutes…)

So I put an order to buy at 13520 and left home without open a position on the Dow. That was a mistake and I knew it…

The end? The pound went up and up to 13800 and the Dow jumped to 8100. And I was out… 450 points went a way! The only thing I managed is to catch Barclays at 48p. Now it is 51.2. But I think it has a good chance to bounce back to 80-90. I do hope!