Mon 14 Jul 2008
Gross Net
Posted by wdevauld under Forex
No Comments
Tried to profit off of movements of the Greenback using Euros, Loonies and Yen. My own currency kicked me in the teeth a couple times, and good risk management stopped the bleeding before it got too bad. Through out the session I managed to squeek out a small gross profit and loss.
What makes it so gross is that it was eaten by the $224.28 in commissions and fees. The bright side is I know I'm good for enough trades to keep my news service free. For the day, however, I was down more than a whole case of beer. Having slimmer fees, it is very easy to get tempted by every twitch in the price action. I'm shifting gears and shorting USD/CAD and going long EUR/USD looking at taking profit towards the extreme levels below parity and above 1.6

