Again with the Timing

So today was a good day. I got really busy near the end of work with a bagillion changes, but …. I was able to successfully trade and double yesterday’s profit. Unfortunately, I pulled out when I got tired of the bobbing up and down of the market (should have just stopped paying attention…I’m sure I’ll be kicking myself later tonight). I mainly blame all these little things I was doing for work for distracting me from being focused. Of course, my job is my duty, so it comes first.

Because I got out, I missed out on about $1100 worth of extra profit, which is $1100 closer to recovering my previous [learning] losses. Oh well, there’s always tomorrow.

So the 8-day charts indicate we are moving from a sell to a buy for the GBP/USD currency pair. Which usually means if I sink the money in and just let it ride, I should have a rather large surprise in a week or two.

I bought in at 1.7491 and sold, after many hours of seeing it trying to breakout, @ 1.7514. Twas a healthy profit; however, I am sure there’s a much bigger long buy happening under the radar…. its all about timing. I had control, but still need to figure out the optimal time to cash out. I had a really nice little stop setup and a decent loss limit set, but I didn’t want to take the risk that I can trust my skills yet. Hopefully tomorrow will be a bit better. All in all, I’ve made more in 2 days than I make in 2 weeks, so I’m somewhat happy :) And I paid about $129 in interest, which means I made a bit more than the account indicates (even if that money was taken for interest).

I’ll keep updating folks on my progress. I’m not great at this yet, but I figured give me a year of doing it and I’ll be a wiz. I personally think this is going to be the next big vehicle to wealth building….if its not already.

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