387.18 USD of profits this week. This week I experimented on a few trades, which did not go well. The good thing was when I experimented, I tried to make it such that if it was a failure, I would at most earn lesser, not lose money. But due to the experiments, I earned about 500 USD lesser.
But one must always remind himself or herself that there is endless money to be earned. We will not be able to capture every movement in the market. The most important thing is to keep calm and move on, or wait patiently for the next money making opportunity. To be emotionally stable and constantly remind oneself that one should not fomo nor dwell too much on a failed trade.
Gold went on to achieve yet another all time high, much to my dismay, for I have quite a bit of gold shorts. This is one big failure and eye sore in my portfolio.
The Bank of Japan has increased interest rates by 0.25% to 0.5%, the highest in 17 years. The Fed however, will likely be lowering their interest rates in time to come, fitting Trump’s narrative and direction. Because of this, I am bullish on the JPY and bearish on the USD. When the JPY was cheap, people would borrow massive amounts of JPY to trade or invest in the US markets, where the stock market is booming and interest rates at a high. However, with interest rates going down in the US and going up in Japan, investors will find their profit margin reduced as they earn lesser in the US, yet the cost of their borrowing of JPY has increased.
We should expect people to start selling their USD to convert back to JPY to repay a portion of their debt. Hence I will be more actively trading USD/JPY shorts.
Crypto wise, I would expect a slight dip in February, where we can take the opportunity to sweep some coins at a low, then hold onto them before the bull run finally starts.
