From my last posts, I had short positions in gold & euro. The rise in euro & gold to their 1 month high against the dovish FOMC meetings resulted in wiping all my account balance.
Most importantly, I failed to read the markets correctly. I was mistaken & I whileheartedly accept my mistakes. Now that I have this off my chest, I can sleep & think better.
For the time being, I do not have any plans to put up any further investment in forex.
One lesson that hit home hard was that I traded too much in gold. I got greedy. I was bearish about the gold. I will shortly post my losses screenshots. Gold was the reason my total investment blew away. Very very heavy losses. On all three accounts. I wanted to get rich quickly. My greed led me to losses.
Lesson to self: If I ever trade again, Never trade more than 0.05 units of gold.
Now that my investment is wiped, I don’t know what exactly I will do with this domain name.
Repeatedly, I get this thought in my mind that I should invest 5k more and trade only in currencies. But I am afraid to lose any more of my hard earned money.
Let’s see what life throws at me.