Expensive Evening

Tonight was one of my best evenings ever in a very long time, I would say in 3-4 years, but it also proved to be an expensive one. I made my worst trading call in my entire history.

I had some lingering issues with someone and tonight was the night when I cleared many issues, and to a certain extent this warrants an entry here because I would not have become an BC instructor if I wasn't motivated by this person.

There were a few occasions when I had the thought of giving up classes because I didn't like the public profile, (I'm a true blue Cancerian who really does appreciate 'me' time), but the passion just kept me going.

Of course, I must jot this down to remind myself of such mistakes, and also to remind myself that open positions should be fully squared if I want to enjoy a nice evening out without interruption.

Just prior to leaving office, I went to long EURNZD @ 2.19 for EUR200,000 only to see the value come down by NZD400 almost instantly. When the level went up, I had a chance to take profit of NZD1,200 immediately but I was greedy. I wanted more. So I left the position open and happily went for gym and dinner after that.

When I just reached home, I'm down by about NZD4,300, no thanks to a strong NZD. Come on NZD, come down by a bit more so I can cover my position and maybe even go NZ for another trip again haha. This ranks as my worst trade ever. Now I'm wondering if I should actually square the position and cut loss, or leave it there until the level comes back.

Moral of the story?
1. If you know you're going to have a great uninterrupted evening, close all your positions first.
2. Money can be earned back, but misunderstandings can never be resolved if left to fester.