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Gold

Quoting sadsoul
Please need help. I am in severe depression and trauma ... i know it's not for many but it was my life saving and i took even lots of loan to safe the amount but i am now destroyed.. Please suggest me seniors and brothers.. i have been watching this forum for last 2 years... but now registered and posted 1st time please suggest me what to do. I am ruined. my life is ruined. please don't bash or make fun of my situation. Just tell me the next step now {image}
if you are doing DCA for this long, i assume you also closed some trade with profit. see if you can consider closing all.
again this could be the last higher price. may be you start DCA long now when price come down a bit. and try to balance the assets.
Quoting NrSLionHeart
{quote} Been born a hero ... what can I say...
Nice
Quoting sadsoul
Please need help. ...... {image}
Brother, first of all I´m sorry for your situation, many others have the same fate as you. It´s imperative that you heal from this first before thinking about trading again, otherwise the odds of you losing the rest of your money are very high. Listen to the others and d not trade again till you are profitable on a demo account. Do yourself and your family a favor. May God bless you.
Quoting NrSLionHeart
{quote} Placed a 2 lots sell order and I had to leave the computer for like 10 mins... When I got back there was a 1100 USD loss, account blown. Such is life ... 6 months of work down the drain. Got the account from 2000 to 7000, then down to 1600, then 800, then back to 1900 now 300... Was quite a ride!!!
next time try to withdraw all you deposited money ( in this case 2000 ) and trade only profits. You can have 5000 without any risk, wish you the best
People don't plan to lose. They lose because they don't plan.
Quoting NrSLionHeart
{quote} Placed a 2 lots sell order and I had to leave the computer for like 10 mins... When I got back there was a 1100 USD loss, account blown. Such is life ... 6 months of work down the drain. Got the account from 2000 to 7000, then down to 1600, then 800, then back to 1900 now 300... Was quite a ride!!!
Sorry to hear that man. I know how it feels like.

I agree with Scala, always withdraw at least your main capital.

And don't get greedy, don't have big expectations from trading and success will come. My success came when i cut all the expectations from trading. And from time to time i still get punished by the markets whenever i get greedy.

I have seen people losing all their savings and even taking massive loans to fund their accounts. Please don't get into the gamble mindset. Wishing you all the best.

Whatever doesn't kill you makes you stronger.
I make my own luck.
Quoting sadsoul
Please need help. I am in severe depression and trauma ... i know it's not for many but it was my life saving and i took even lots of loan to safe the amount but i am now destroyed.. Please suggest me seniors and brothers.. i have been watching this forum for last 2 years... but now registered and posted 1st time please suggest me what to do. I am ruined. my life is ruined. please don't bash or make fun of my situation. Just tell me the next step now {image}
3600 dollars doesnt worth more than you brother. Please quit gambling, you can always make 3600 back, but if you keep doing this, it can cost you 360.000 dollars one day. Quit it, its not worth the stress
I make my own luck.
Quoting NrSLionHeart
{quote} Man, I admint that I am retarded, but even me is not that retarded to keep a position open from 2150. Like we will NEVER see that level in our lifetime again. I know that I will take a lot of fire from this, but this is the truth. Just CLOSE EVERYTHING, your account is not busted yet, you still have 1900 USD in it.
welcome to trading.

i traded bitcoin from $270 back in 2013, tried shorting at $1100 on the initial spike, lost everything, had I have just held, I’d be fucking minted. I wouldn’t even like to think how much money I would have made

hindsight is 20/20, so easy to say post event.

One thing is for certain, in this game, if you don’t go full retard, ocd, gambler youll learn more from losing money then you ever will from making it.

slow and steady absolutely wins the race.
Que Sera
Quoting sadsoul
Please need help. I am in severe depression and trauma ... i know it's not for many but it was my life saving and i took even lots of loan to safe the amount but i am now destroyed.. Please suggest me seniors and brothers.. i have been watching this forum for last 2 years... but now registered and posted 1st time please suggest me what to do. I am ruined. my life is ruined. please don't bash or make fun of my situation. Just tell me the next step now {image}
you are ( without any bad intentions ) perfect example why stop loss is all about, when not hard just mental, you have one from 2145, you should close it many time ago. Now you should close all loss and start over again with 1900, you can recover this loss quick but you must learn how to manage your risk. Good MM plan and you will be good. Till Christmas you can have your balance back
People don't plan to lose. They lose because they don't plan.
Quoting Catempire
{quote} welcome to trading. i traded bitcoin from $270 back in 2013, tried shorting at $1100 on the initial spike, lost everything, had I have just held, I’d be fucking minted. I wouldn’t even like to think how much money I would have made hindsight is 20/20, so easy to say post event. One thing is for certain, in this game, if you don’t go full retard, ocd, gambler youll learn more from losing money then you ever will from making it. slow and steady absolutely wins the race.

"Slow is smooth, smooth is fast"
I make my own luck.
Quoting ScalaFX
{quote} next time try to withdraw all you deposited money ( in this case 2000 ) and trade only profits. You can have 5000 without any risk, wish you the best

Most probably this is what I am going to do at the next run.

For the moment I am chilling and see how I can improve my trading style!!!
I am sorry to hear about the losses discussed i this group in earlier post. We all face losses. But we should control loss size, thats what risk management is all about.
Refering to my morning post earlier today, i advised to buy Gold with charts and levels.
I was very much sure or say highly probable of this bullish move of Gold. It was based on my past experience and signs that shown Gold is moving in up direction.
I advise to always sense the trend and never Go against the trend set by a trendline breakout.
All signs were bullish, i am sorry to hear that some faced losses due to Selling of Gold. It was not short sell at all
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That's why i don't promote or suggest trading to people. It's one hell of a rabbit hole that can cost us everything if we are not careful & disciplined enough.
I make my own luck.
Quoting Catempire
{quote} welcome to trading. i traded bitcoin from $270 back in 2013, tried shorting at $1100 on the initial spike, lost everything, had I have just held, I’d be fucking minted. I wouldn’t even like to think how much money I would have made hindsight is 20/20, so easy to say post event. One thing is for certain, in this game, if you don’t go full retard, ocd, gambler youll learn more from losing money then you ever will from making it. slow and steady absolutely wins the race.
and in that lionheart (I sense in the name you’ll take it all on the chin) it’s a blessing in disguise mate.

aim for £100/200/300 a day… £500 a week, tight stops for valid reasons. Give it 6 months and see where you’re at
Que Sera
Quoting Nordling
{image}
Que Sera
imagine next week gold cross the 2700 price. i closed all of my gold trade. waiting for 2670~80+ or 2600 to get a better confirmation.
Quoting Nordling
{image} That's why i don't promote or suggest trading to people. It's one hell of a rabbit hole that can cost us everything if we are not careful & disciplined enough.
laughed out loud at that photo haha
Quoting Tintin2014
imagine next week gold cross the 2700 price. i closed all of my gold trade. waiting for 2670~80+ or 2600 to get a better confirmation.
I’m still long
Quoting AUsome
{quote} laughed out loud at that photo haha
I gotta update it, just turned 24 six days ago Everyday in this market feels like a year
I make my own luck.
Quoting Nordling
{quote} I gotta update it, just turned 24 6 days ago Everyday in this market feels like a year
I was your age when I traded bitcoin in ‘13. Sounds like you’re ahead of me brother fucking good luck to ya man
Que Sera
Plan your trades
https://www.forexfactory.com/thread/...3#post15024313
47 hr ago 2572-2650

https://www.forexfactory.com/thread/...8#post15025778
13 hr ago 2619? + pendings short from ... (tooked 2shorts ), closed former longs)

https://www.forexfactory.com/thread/...1#post15025791
13 hr ago pendings 2670,2661,2654

https://www.forexfactory.com/thread/...1#post15026161
7 hr ago TrendLines

see you
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