{quote} Since I talked about this topic yesterday... I would like to share this article.... worth reading if you have time 10 Keys to Being A Trader, Not A Gambler Posted By: Steve Burnson: January 29, 2015 Click here to get a PDF of this post here is a big difference between a trader and a gambler. Many people think they are traders when they are really just gamblers that could get better odds in Las...
{quote} Thank You Gator The Charts Still Say Down, So I Will Hold. The Market Is Anticipating Congress To Pass The 1 Trillion Stimulus Plan But Until They Pass It We Can Expect Market Optimism. I'm Terrible At Multi-Tasking, Going Back To Conference Call Thanks Again Gator, If I Could Only Afford To Pay You. 1:09632 Monthly Support Continues To Hold, I Am Also Watching The Trend Lines
{quote} 1.434good lessons for a lot of traders. it's a very good year to learn trading. and be disciplined. will hurt but lesson will be for life
{quote} one thing - you are posting your position. like you have 3 lots or something like that you laso say you ar novice/new so i assume based on your 2 statements that you are into leverage. why not close some of it to reduce leverage. ? not saying you to do it . you do realize that we can see 1.2 before 1.09 i mean anything is possible right ? is there any trailing in place or just stop at be ? or what if you put the stop lower ?
{quote} We Will Need A Convincing Close Below BOTH Red Upward Sloping Red Line And White Downward Sloping Trend Line For Free Fall To Begin. We Are Approaching Both Lines Below Current Candle, I Still Remain Patient. At Current Price As Per Chart Below 1:0975, With Three Shorts Running, From 1:1230, 1:1185 And 1:1080, I am Currently Up 570 Pips And Will Continue To Hold Trade To 1:0800 And Then Decide Whether To Close. If I Close At 1:0800 Then Total Pips That Would Have Been Made Hypothetically Speaking Would Be 1090 pips The Chart Still Says Down. Stop Loss Now Moved To Break Even At 1:10800 If Price Runs Up And Stops Me Out, Then I Would Have Only Made 255 Pips. Risk Free Trading Is Now Official.
{quote} Thank You For The Encouragement DMA-Trader, My Current Trade Is Risk Free. If Market Reverses And Hit 1:1080, I Only Make 255 Pips I Will Be Happy With That. You Mean Well And Your Kindness Is Very Much Appreciated. I Will Continue To Hold Leverage Is 50:1 250,001 units That's 2 And A Half Lots Averaged Out Between Different Price Levels 100,001 Units At 1:1230 100,000 Units At 1:1185 50,000 Units At 1:1080 I Am Training To Be A Position Trader I Am Focusing On The Method Of Trading And Not The Money. Master The Method And The...
{quote} Moved Stop Loss To 1:0900 Take Profit Removed From 1:08800 To Open, Eyeing Eur/Usd 1:03504 As Long Term Take Profit Based On GBP Run Away Drop If I Get Stopped Out Now At 1:0900 Total Pips Made Would Be 795 Pips (In Dollar Terms That Would Be $7,000 Profit) And I Would Stop Trading For The Rest Of The Week And Start Again Sunday. If I Don't Get Stopped Out At 1:0900 Then Trade Will Continue To Run Then I Hold And See Where Price Takes Me.
