This past contest was a repeat of history for me. In the top 10 first week, only to drop to below 100K in week 2.
I had pretty much given up on the contest last week, with a mere balance of $44K and the fierce competitors bringing in gains in the half million mark these days.
However, yesterday when the news came out from BOJ, as I was trading my personal account, I decided to go back to the contest. knowing I had little chance of placing, but more for redemption in closing in the green!
I took a long position in GBPJPY, but with that kind of balance, 2.5 units or so took my entire available margin.
As the profit started to increase by a mere few thousand, I'd jump into another Yen trade and then another, and even closed an reopened just to get extra margin!! It was quite an effort!
In the end the main trade being GBPJPY hit my stop right to the pip and reversed, leaving me with a closing balance of 104.65K!! Closed in the green - redeemed in the contest.
Congratulations to all the winners out there. Trading isn't easy, and with high leverage it is that much harder. Good job to everyone!
I had pretty much given up on the contest last week, with a mere balance of $44K and the fierce competitors bringing in gains in the half million mark these days.
However, yesterday when the news came out from BOJ, as I was trading my personal account, I decided to go back to the contest. knowing I had little chance of placing, but more for redemption in closing in the green!
I took a long position in GBPJPY, but with that kind of balance, 2.5 units or so took my entire available margin.
As the profit started to increase by a mere few thousand, I'd jump into another Yen trade and then another, and even closed an reopened just to get extra margin!! It was quite an effort!
In the end the main trade being GBPJPY hit my stop right to the pip and reversed, leaving me with a closing balance of 104.65K!! Closed in the green - redeemed in the contest.
Congratulations to all the winners out there. Trading isn't easy, and with high leverage it is that much harder. Good job to everyone!
