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Lucas: My Best & Worst Trade of 2014
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With the 2014 trading year coming to an end, we at TradingFloor.com are taking a moment to reflect on the highs and lows from the past year.
Steve Lucas from 3c Analysis recalls his decision to sell all of his long positions in the equities market right before a small correction in the market as his best trade of 2014. Divergence in the markets and low oil prices had forecasted the quick sell-off according to Steve. He was able to reinstate his long positions ahead of a strong reversal higher to record highs. All of Steve’s trades were not so lucky, as he recalls the poor choice to call a top in EURUSD in September. A bad retail sales figure had spooked the market and raised the concerns of the US Federal Reserve to have to extend its quantitative easing program.
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