Disliked{quote}{quote} NO NO NO, All trades are separate. I do not trade the small account against/with the main account. Avery, you may be just too smart to trade. I honestly think you will decide that Forex is not the way. Maths, stats, numbers is the way. (for me). Dont let a few fails get you down. Another clue. How many traders hold a losing position until they blow???? What if they kept a winning position instead????Ignored
I am not sure what you mean by keeping all trades separate. So you open one trading account for every new trade or what do you mean by this?
I just tried to understand the plan/logic behind fixing a failed/countered trade. If your main trade goes wrong and you counter / lock it in, such potential loss (even if unrealized at that point) does not vanish into thin air correct?
Having a few lost trades i agree is not the end of the world, however if like you say having a -Ģ2800 countered position compared to a potential 5% win (Ģ700) at some point will lead to an issue if not a) unwind from that hedged position somehow or b) balance it out over time with new trades or what ever, maybe even winning in the lottery.
I do also agree that you can always borrow money from a new bank. Still this won't make it any better. :-)
Maybe you can give an example of how you would normally come out of a countered trade situation here if like you say the smaller trades are not traded against the UK open range breakout setup you take. Some entries/exits on a chart would help sir.
Have a good start into the coming week and trade safe. Regards.