[Belgrade Bobby]

Ah Losses – books can be written on those 😀 As you disclosed something from past, let me share something of my own :

I was still very young ( but will learn 😀 , when in front of the whole Bank, all the dealers on the desk and General Manager present , went Short on USDJPY – 105.75 , very confident ….calm…full of myself…It moved against me a bit, but not much…fine…part of the game…next morning, Chief dealer on the desk calling me at around 6 am – hysterical….rate was on 107.50…position wasn’t small…I explained him that all is OK, it is just an Uptick and soon they’ll go for below 100 ( perfect target at 80 and possibly new low…no questions asked…Of course it went 109….112….I was forced to close it at 115….

I moved to USDDEM – end of story 😀

P.S. I still remember some significant rates for different currencies , and even use them as part of my passwords 😀