“Giving away the head and tail” is such a pretty phrase. I’ll be tortured by the 1.6 yen price surge!

“I won. Profit of 440,000 yen.”
I’m trying to tell myself that, but to be honest, I’m currently crying my eyes out.

The weight of 129 lots and the footsteps of “intervention”
On May 8, I longed 129 lots at 156.536 yen USD/JPY.
129 lots. A world where moving 1 yen moves 1,290,000 yen.
Over the weekend, into Monday morning. When the chart pointed to 156.881, what flashed in my mind were the two characters for “foreign exchange intervention.”
“If this comes in here, it won’t just be profit but a fatal blow.”
Overcome by fear, I pressed the close button. +445,050 yen.
Looking at the numbers, it should have been a “complete victory” enough to earn a salaryman’s monthly income in just a few days.
The nightmare of non-stop rise
However, the gods of the market are cruel.
Right after I exited, USD/JPY shot up as if mocking the intervention.
If you look at the chart now, it’s 158.50 yen per dollar.
What if I had held on a little longer?
If I had believed in myself a bit more and suppressed the fear.
I calculated it.
The difference was 2,088,510 yen.
The 440,000 yen in profit that should have been realized gradually transformed into a feeling of massive loss, as if I had blown it. This is the terrifying reality of FX, and of trading in large lots.
Lastly: Still, the market goes on
The “if only I had sold then” wistful thinking is poison in the world of markets.
By avoiding the risk of intervention and not losing a fortune, I managed to survive.
Being able to actually realize the 440,000 yen profit.
Right now I’m still dampening my pillow while watching a skyrocket chart (laughs), but this 2,000,000 yen tuition will absolutely be recouped in my next trade.
FX traders, tonight please raise a glass to my “luxurious yet desperate” lament as your accompaniment.