another subprime victim, page-237

hbg, my reasoning was along your lines. 5850 area represented some significant fib levels, which i use.

local market had risen strongly all day friday. 3 days till we open again. figured there'd be more bad news coming from america and europe. so i took a small punt.

with ig, my cfd provider. went short at 5882.5, right before their spread widens for the night session. was pretty nervous for awhile but it was a small position so hung in there.

yes, standing in front of freight trains is scary and i've been hurt very much doing it in the past. so much so, that i now often take small losses only to see that if i had more belief in myself i would have profited.

not this time and very happy at the moment. now ig's forward contract is at 5715 and i've moved my buy stop not too far away.