My Best Trade Of The Year
December is quickly coming to an end. Christmas is only ten days away and 2010 is just around the corner. I can’t believe how quickly this year has passed.
If you’re like me, you’re probably spending a good deal of time thinking about the New Year. Maybe you’re making resolutions. Maybe you’re planning big changes in your life. Maybe you’re thinking about how you can be a better person.
This time of year always causes that kind of thought process.
The end of the year is also a big time for reflection. All of the end of year celebrations give us a reason to reflect on the last 12 months. Nowhere is that more prevalent than in the financial arena…
As I look back on 2009, I recall some very happy times… and some sad times as well.
Sadly, my grandmother and great aunt both passed away this year. They were in their 90s and lived long, full lives. But, it’s strange celebrating the holidays without them. I’m thankful for my many memories and pictures. I’ll never forget them.
On the lighter side… this year was also an exciting one.
Linda and I bought a new home in North Scottsdale on a beautiful piece of land. With 2.5 acres, we’ve now got plenty of room for the horses and dogs. Although the “to-do” list never seems to end… I love every moment of it and I know Linda does too.
You can see the look of joy when she’s riding her horses.
Our family is continuing to grow. Just yesterday, my niece Ashlyn was born. And a new baby is always a reason to be happy.
The market’s also been a source of joy lately.
After starting out a bit rough, it looks like we’ll end the year higher than where we started… and that’s always a good thing. I took a few minutes to look at my trading history this year. You might take a few minutes to revisit your big winners and losers… it can be quite an education.
As you probably know, I’m the editor of Currency Options Insider. We’ve had some phenomenal winners in the service this year.
As a matter of fact, one currency in particular has given us a big reason to celebrate. Five of the last six trades in the service have been big winners… and I’m not talking about a tiny 20% or 30% gain…
Nope. The Australian Dollar trades I recommended put some big winners on the board and some big money in subscribers’ pockets.
As you can see, the currency’s been quite volatile over the last 18 months. This volatility provided a number of big money making opportunities. Here’s a quick recap…
Our streak trading the Australian Dollar started in early September of 2008.
I noticed the Aussie was losing value as investors fled higher yielding currencies for the safety of the US Dollar and the Yen. Remember, the credit crisis was just hitting its stride. I recommended we buy puts to capture the next leg down. As the currency fell off a cliff, we racked up a 637% gain!
Then in February of 2009, I realized the Australian Dollar was set for a rally. Investors were sensing the worst of the credit crisis was behind us. We bought call options that skyrocketed 534%.
In April, the uptrend was continuing so we bought more call options.
Of the five Australian Dollar options expiring in 2009, four have produced triple digit gains!
Now of course I’m leaving out a number of other very successful trades we’ve made in the British Pound, EuroZone Euro, and even the Swiss Franc. Many of those were triple digit winners as well!
As I look back on the last year trading currency, I’m very thankful for all the winning trades we’ve had.
You might consider looking at trading currencies in 2010. The New Year is shaping up to be an exciting one… you won’t be disappointed.
Category: Currency Trading
