Screen Shot 2013-02-13 at 2.56.46 AM

Here are some simple trades I held during CNY, which is a good example of hands-free position trading. This means that after taking a position, you do not have to keep watching the screen. You go visiting, play tennis, play mahjong, have family meals, etc. The idea is to leverage on time by taking a strategic position using the direction given by charts.

Here, I took a long position on the USD/JPY, as I am expecting it to head to 95 or even 100. At one point, I was up over $2k in profits, but there was some G7 news which caused a spike down, and I only got away with slightly over $900 in profits. Oh wells. I will be looking to buy again at cheaper prices.

I have taken long positions on the EUR/USD and the GBP/USD, both for different strategic reasons. Do note that I have reduced my position size drastically to accomodate for the increased risk of not watching the screen while having the open position.

ALL YOU NEED TO KNOW ABOUT TRADING!

Hi, Spencer here! 😀

After making my first million at 28, and trading & teaching across 60+ countries, I have consolidated my knowledge and experience to create the most comprehensive & practical guides for profitable trading, compiled from thousands of books, websites, courses, and interviews with professionals.

comment-img As a former professional trader in private equity and proprietary funds, I have over 15 years of market experience, and have been featured on more than 20 occasions in the media.
0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply