lost a grand last week. that’s a new Dior fragrance. or two days worth of groceries, depending on whether your raise was above inflation or not.

30 Nov 2010, Posted by Cape Town Girl in CTG, competitions, money money money, 0 Comments

So with the wins come the losses right. While the week before last we made R2 500 playing the market, last week Oli and I got a little too excited about the way things MIGHT be going that we took a risk and we lost some money. Not a lot - just R 1000 – but still. It hurts. Ouchie. Anyway the reason we lost money is because the Euro suddenly got stronger. God knows why – all signs were pointing to it getting weaker because Ireland is in mad financial kak (the EU had to bail them out because they spent all their money – probably on whisky, and Burberry, yes I hear Burberry is HUGE there). Anyway against the odds the Euro got stronger, and we sold when Euros were at their lowest and BAM! There went our money. And Oli drew a graph to try and explain what happened:

Basically Oli sold Euros at that point in the circle, before the Euro started climbing higher. He reckoned it would have got weaker if he’d waited but whatevs, that’s in the past now. Plus Ireland do like their whisky so maybe they will need another bail out soon :P Will keep y’all updated on this wild world of stock trading. Emotional rollercoaster! For now we’re still sitting tight and not ‘chasing’ the market, as they say. Can’t afford to lose another macaron budget. Check out Global Trader’s site - where you can sign up for a simulated account and practise this whole trading thing with fake money before you go all out with real ca$h.