I seem to have developed the market jinx a rare but powerful affliction that gives me the power to incorrectly predict market movements. As readers will have seen I was caught badly wrong on FTSE positions which have cost me dearly. Yesterday as markets rallied I took a positing out on the DOW as it had rallied 600 as I thought it would fall a hundred at the close. I left the monitor on with CNBC in the background and went off to cook a horrendous meal, my version of the India Nargisi Kofta. When I left I was 80 Euro up and quite relaxed with only 30 minutes to go to the close. When I came back I was down badly and had destroyed good food. My only saving grace was I bought DOW March futures which will allow the rally to peak and drop getting me out with hopefully little impact.

Not a good few days for me but it has shown I lack the experience to deal in volatile markets but with 10% moves how do you trade with a tight stop? I have relatively maintained my capital and over the next few days that’s my key goal. The temptation to make quick gains like last night has proven costly at best.

Hope you are all fairing better than I am and happy and safe trading.

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