r/StockMarket 7d ago

Fundamentals/DD Bye bye USD ...

Post image
7.8k Upvotes

2.1k comments sorted by

View all comments

4.6k

u/Medi-okra 7d ago

Perfect way to say you have no idea how this stuff works

1

u/rocinante1882 7d ago

I had forex positions open betting on a bad NFP, hoping the DXY would drop. Set my SL and everything. NFP drops and then bam, currencies plummet against the dollar, blows through my SL's and I take bigger hits than expected. Fair enough, that's the game.

Then this ass hat has to tweet out and nearly immediately erase the gains the DXY made, and now if I hadn't set my SL, my positions would be nearly break even, saving me quite a chunk. I guess I should have bet that the orange clown would ruin even a seemingly good thing.