Quote:
Originally posted by greentea777
That move is going against the most basic principle of trading in any market, BUY LOW SELL HIGH. Warren Buffet, go back to your ABC's.
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You still around greentea777?
Lets say his average price was 1.2750 on EUR/USD and similar on related currencies (e.g. 425 XAU/USD). That may well look really cheap if the EUR/USD goes to ? and XAU/USD goes to ?
Just wish I had the capital and the nerve to hold such a large and long term position. After all it is hard to take a paper loss of over 300 million earlier this year (what Buffet did) and still hold a position (even if you are sure its going to be right).