First posted 07/12/09

I am now successfully set up in an office in Belgrave Square. No trades entered today. I wanted to go long February gold at 1147, but couldn’t get funds into my account because the bank suspected fraud and blocked my card. By the time it was all sorted out, the price had moved to 1160. I was already annoyed not to have been able to buy gold when it broke 1000, owing to trading restrictions at my old job. Perhaps it is still a buy, but I am erring on the side of caution.

Still, if there was an opportunity today there will be one tomorrow. The lesson I draw (or more accurately, of which I am reminded) is that you have to be ready to deal well before you actually decide to place a trade.