When Survival Is All That Matters

Last Friday night at Jiu Jitsu I was able to submit my partner twice. It felt good.

How did I manage this, well he was the new guy and it was his 4th day, he made enough newbie mistakes that made me look like a black belt.

I typically get steamrolled by the more seasoned partners. Most of the time my goal is to survive the 5 minute round so I don't get submitted. I've gotten pretty good at that.

In the same session, Big Sam picked me out to roll with him, he's at least 40kgs heavier than me and built like a brick house. I managed to survive the round without tapping out.

The last 4 months of trading the Yen has been a similar story of survival. At first, my goal was to make at least 5-10% a month on the USD/ JPY but things got out of control very quickly. The Fed became super Hawkish and the BOJ remained super Dovish. The YEN crashed to a 24-year low and I was short from 115 all the way to 139. Survival became my No1 priority.

In the last week, the YEN has strengthened significantly offering much-needed relief and my accounts have remained intact, I survived the great currency crash of 2022 (for now).

Admittedly I was tempted to tapp out on multiple occasions to prevent any further decline in equity, but I didn't BECAUSE I knew the price wouldn't go up indefinitely, there would be a tipping point, I just had to survive long enough to outlast the rally. For now, I'm in a much better position than 2 weeks ago the Yen has strengthened almost 4% in a week. I'm now firing up FXG again to automate my trades in the Cloud.

The key to my survival - FXG SafeGuard

This tool saved multiple accounts on multiple occasions by automatically hedging at a set price with a stop loss. It caught adverse moves while I slept or while I engaged in my full-time day job as a project manager. Safeguard gives me the ability to set a stop loss and as the price retraces it exits the hedge.

Here's SafeGuard in Action

Example 1

This a a live account trading the USDJPY (The fight continues). I have set SafeGuard to Automatically hedge at a price target of 134.906. The Bot will exit the the trade if the price declines 20 pips once the hedge has been activated. As soon as the Stop loss is hit the Bot will automatically re-set the hedge at the specified price point.

Example 2

In the above the SafeGuard hedge kicked in at 1.03495, the market continued to dive and the account remained intact because I was now trading the other direction via the hedge which kept my equity for the most part static.

I also now have the option to bank the $555.90 hedge profit and reset the SafeGuard price lower if I thought the uptrend had already started. I've managed to successfully bank $700 doing this on a live account on the USDJPY and over $400 on another occasion. It doesn't happen everyday or often but its satisfying when the stars align for me to pocket from an adverse spike in price.

Conclusion

Shorting the USDJPY during the biggest rally in 24 years has not been fun but the experience I gained is priceless. As of now all my accounts remain intact thanks to FXG SafeGuard, which is my most used and valued trading tool. I'm currently trading 7 live accounts and SafeGuard is active on everyone. I would never trade without it.

Reach out to me if you want to learn more how SafeGuard can protect your equity.

Author: Ryan Norris Creator of the Thumb Money Method