Well I've been bullish on commodities firms as of late given I'm expecting cash to come out of the markets into oil, gold etc. Based on this theory i have probably pulled out of my Oxus Gold trade at the worst possible time ever!
However it has been dithering on the low side for a while and I am thinking this is a trade that is going to be like a millstone around my neck in coming weeks and oen that I jumped into too fast without really looking at it! So chop, my love affair with it is over.. dropped it after making a 25% loss! It felt painful at first but now I feel good about it.
Even with this loss I am still only 150 UKP off my target for the end of next month (although I do have a lot of open positions out of the money that could get worse!)
I'll send an updated post tomorrow letting you know how i get on at Robbie's trading seminar - I'm very excited about the whole day at the moment!
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