You really do have to love it.
Getting in there and slugging it out day after day takes a considerable amount of mental energy, the ability to remain disciplined, means to handle your emotions and undoubtedly a “love for the sport” – as you’d likely be crazy to consider doing it otherwise.
I had suggested in previous posts that 2013 was going to be extremely difficult to navigate, and that many would unlikely have the ability to trade it well – or even trade it at all. I myself have been challenged on numerous occasions so far this year, and it doesn’t appear that things are going to get much easier.
Perhaps today we will get our “bounce” in USD as well risk in general – as both USD and JPY have more or less been trading flat here, and the commodity currencies continue to struggle.
You want to see strong moves in both AUD as well NZD as solid confirmation that the world is buying risk. An “up day” in the U.S stock markets isn’t gonna cut it.
My feelings are that the larger money isn’t interested in any “realllocation” back into these currencies ( as both have taken a considerable beating over the past weeks ) – and are likely sitting on the sidelines (much like myself) looking for a touch higher prices to continue selling at.