dear maker.
thanks for your advice
this might be a long message but kindly answer it becuase im a new trader and i would appreciate ur help.
u went up by 6000 and dropped back 8000 means a loss of 2000 in equity. how did u take this loss of 8000. was it hard for u wat did u do how did u handle it.
i started with 4500 and in one month 6200 and then now back to 3800. and i am cursing myself for this loss. im currently reaidng dynamic trading to get a better understanding of this business. yes one thing i have learnt is never get married to ur trade and use stop loss no matter wat. the reasun i was asking tht question about gold is tht if people think it will go up from now to newyork session then i shold close the positon other wise i shold wait and reduce my loss. i hav take a positio in euro and cable but i am quite ok there. its the gold which is beyond my understanding. thanks for ur help.
thanks for your advice
this might be a long message but kindly answer it becuase im a new trader and i would appreciate ur help.
u went up by 6000 and dropped back 8000 means a loss of 2000 in equity. how did u take this loss of 8000. was it hard for u wat did u do how did u handle it.
i started with 4500 and in one month 6200 and then now back to 3800. and i am cursing myself for this loss. im currently reaidng dynamic trading to get a better understanding of this business. yes one thing i have learnt is never get married to ur trade and use stop loss no matter wat. the reasun i was asking tht question about gold is tht if people think it will go up from now to newyork session then i shold close the positon other wise i shold wait and reduce my loss. i hav take a positio in euro and cable but i am quite ok there. its the gold which is beyond my understanding. thanks for ur help.