Tale from the world of the market
this all occurred in Apr 2001. It was a bull market at the time. Wow, one couldn't find a lat to blow back then... Well anyway, i was messing around at FOREXYARD and the entire sitting was an achievement. I was told that ISK-ARS rates will be affected by the lessening in the electrical equipment industry, and as a result is going to lower. The item promised that waiting till then and then selling is perfect! Well at first i suspected some breed of chicanery or something, but once i understood the true consequence of what has been said to me, i go: yeah, chances are slim, but that's me! Considering that i was sitting on 100 mini lots, i judged it to be the right time to market order roughly four ponies. I held out and at long last, after give or take an hour, ordinary variance started to became markable. 15 minutes later the base currency was blasting sky high! I unloaded at 141 pips per coin of loss! I was turning a bit worried about the unfortunate condition in which i happened to. I was sure that the rundown in the unemployment rates are going to influence the markets in Argentina for the good. I had racked 100 micro lots either way i looked at it. But not a minute afterward, i stopped order, and i unloaded at a profit of 94 percent! Now that was a real surprise! My! I had lost practically all my cash. At least i am wearing my shirt;)
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dixon1975,
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