OK, I've heard people say before that they close all their positions before the weekend. Well, I had 7 different long positions open on Friday afternoon and the process I'm working on dictated that these should remain open into the coming week. So now I log in to see where the market opened and find that my positions - which were down by ~$10 on Friday afternoon - are now down ~$90. So I open the charts and I see that almost EVERY pair gapped downward to start tonight's session. The only exception I see is AUDNZD (which, of course, is NOT one of the pairs on which I'm long).
How is this possible??? I mean, these pairs are all interrelated in some regard. How can nearly everything gap downward over the weekend?
I previously thought that I was OK with the whole gapping thing. Afterall, if you have 7 long positions, isn't it logical to think that some of them may gap against you but some of them will actually gap FOR you??? I didn't even think it was possible for everything just to go down.
I guess I'm just frustrated. Seems like the markets just take every opportunity available to serve me a heaping sh*# sandwich. Grrrrrr....
How is this possible??? I mean, these pairs are all interrelated in some regard. How can nearly everything gap downward over the weekend?
I previously thought that I was OK with the whole gapping thing. Afterall, if you have 7 long positions, isn't it logical to think that some of them may gap against you but some of them will actually gap FOR you??? I didn't even think it was possible for everything just to go down.
I guess I'm just frustrated. Seems like the markets just take every opportunity available to serve me a heaping sh*# sandwich. Grrrrrr....