100 tick EUR/USD
turning bear again,
this is what I call bull trap
I guess you just went in to the trade with your longs,
welcome your red
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Disliked{quote} not directed at you Gator but I don't see what the problem with hedging is, open a sub account (that's what I do) Anyway if you want to consider yourself a professional trader you should have other accounts in different brokerages in case internet is down or phones don't work to your primary broker. Then at least you can hedge your trades with the other broker when something goes horribly wrong. Preservation of capital is key. You should always have backup systems in place. As far as FIFO, big deal, you just need to keep track of your trades...Ignored
Disliked{quote} we will talk later 100 tick EUR/USD turning bear again, this is what I call bull trap I guess you just went in to the trade with your longs, welcome your redIgnored
Disliked{quote} if one wants to hedge they can have multiple accounts, no big deal. i will go out on a limb and say the problem is over leveraging... some want to risk it all, and want the hedge to save the account. that's just bad tradingIgnored
Disliked{quote} I shorted at the turn point and it shot through on FOMC minutes. No biggie, take a loss and move on. If you're bearish wait for the next order imbalance and short there, don't hold onto losers like a stubborn fool hoping it magically turns because of the "trend". Trends change on fundamentals and the fact here is that the dollar has exposed weakness. Maybe it does turn around but don't base your strategy on hope.Ignored
Disliked{quote} chop zone... the ones who were long here Monday, before the 2755 drop have life now.Ignored