Episode 77 | Clive Ponsonby - former JP Morgan FX Trader
A TRADER'S LIFE
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The Risk of Waiting for the Market to Turn
When I'm using my own money and it's much more at risk, I very much try to do that later. So I wait for the term rather than just try and take a contrarian position. It's higher risk, isn't it? And that's the problem, which you might keep going lower. Back in 2015, January 2015, the US was floor, they had a floor at 120 and they were, where their Swissness prevent were by euros. They can literally, they can put a price in, they could buy, they couldn't sell, and they can, you know, because it was saying too wide,. You wouldn't be able to put a price, wouldn
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