Ahh... why, why is this happening to me (T_T) after taking a loss of over 1,300,000 yen due to a Trump shock, it all came back → price hit a new high!
Hey, you know those investment site experts in Japan and financial field who said that once Trump becomes president the USD/JPY will surely fall below 100 to reach around 96, and that the stock price would aim for 13,000? They insisted USD/JPY would be in the 90s. Oh man, they were so adamant. .゜(゜´Д｀゜)゜。
An article from Stock Price Press on November 7 said“If President Trump is born, USD/JPY will aim for the 94 area!?”Right?
Add to that, Brexit—the so-called UK shock—caused the manager to lose a lot of money; the rapid fall of the British pound is still vivid in my mind. With GBP plunging, crossed yen also fell sharply, and as I watched, there was an even bigger drop, the pound crashed in a moment and, afterward, there was no real rebound, continuing at a terrible low…
Jumping ahead to the day the US election results were announced, I had gone out for lunch and came back to find the US election速報 and the Nikkei average and exchange rates, and I was stunned
Trump ahead, almost certain?
Even in states where results had not yet been declared, you could check the vote count to gauge who was ahead.
Add up the numbers already decided using a calculator to forecast the electors
No way, Trump is decided
Usually at this point you’d just wait for the storm to pass and top up your funds, but
having suffered big losses from Brexit, and knowing how pessimistic Japanese people’s market expectations were this time, I was different
Just watching passively isn’t enough
USD/JPY is still above 100, and the Nikkei is in the 16,000s
Japanese people all think USD/JPY will fall below 100, and the expected drop in the Nikkei isn’t as mild as 16,000
Unrealized losses already exceed 1,000,000 yen.
But if I sit idle here, the unrealized losses could become 1,500,000,
perhaps 2,000,000, or even up to 3,000,000…
I made a bold decision.
Yes, it was a bold decision…
I-NET Securities: USD/JPY in the 105 range, closed 4 lots at a loss of -146,692 yen
YJFX: USD/JPY, 2 lots closed at -144,500 yen
Click Securities’ Click 365: TRY/JPY 80,000 units closed at 31.41, -668,600 yen
Nikkei 225 mini: 4 lots closed at 16,450, -352,328 yen
Total loss: 1,312,120 yen
With every ounce of courage, I reduced my positions drastically, disposing not only of USD/JPY but also, in risk-off moments, sold emerging-market currencies like the Turkish lira, which typically fall more than currencies, and disposed of the Nikkei 225, which often declines more than the exchange rate. It was a tremendous loss, but this would allow me to endure if USD/JPY fell below 100 or if the stock price settled in the 15,000s…
The next day: “Huh? Almost a full recovery? If I had cut now, I could have broken even.”
The day after: “Not only did it recover, it hit new highs (・_・;) If USD/JPY exceeds 106, I could have taken profit with room to spare! The Nikkei could have closed with over 100,000 profit.”
”
Gah, damn it! The pound shock that I didn’t cut fell further, while the Trump shock that I cut massively caused by my last courage not only to not cut but to cut massively, not only recovered but hit new highs, turning into a gain
Who says USD/JPY will be in the 90s because of Trump
Don’t spout such blatant lies you bastard
Writer:Nemu-GonWe tell the truth! We run an FX information site that comprehensively analyzes “Former Financial Institution Employee’s FX Blog.” I have 9 years of FX experience, trading Nikkei 225, gold, and crude oil as well.
Blog:Telling the Truth! ‘Former Financial Institution Employee’s FX Blog’
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