Wednesday, June 30, 2010

Wednesday, June 30th

This afternoon I decided to open my latest trade, a short CAD/JPY. There wasn't really any logic behind this decision; I just saw one of the dailyfx analysts recommend it as a good trade to keep open for the next few days. Beyond that, I didn't really do any more research on the specifics on what is going on with these currencies. What's more, I just noticed that John Rivera (the analyst who recommended the pair) made this trade last week...Since then he has closed the position, but I suppose I might as well wait until tomorrow. It's been doing ok so far, so hopefully prices will continue to drop.

All of my work time yesterday as well as today was spent writing the story for the Kid's Club "Choose Your Own Adventure" with Alex and Ashraf. Basically this is a story where kids can decide what they want to happen (do you work at a grocery store or open your own lemonade stand?). It's been a bit of a challenge keeping track of all the story lines and figuring out how to incorporate financial decisions, but I think that it turned out pretty well.
Today we also went on a walking tour of the area and got to simulate open outcry trading like is done in the mercantile exchange. I was completely terrible at it- I think I bought a bunch of times when I was supposed to be selling...
It was really interesting anyway and I learned a bit about something I knew nothing about beforehand.

Tomorrow morning we will hopefully edit the story and start working on another activity for the kid's program.

No comments:

Post a Comment