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Steviet's Live Trades!

  • #2,301
  • Aug 15, 2007 7:14pm Aug 15, 2007 7:14pm
Quoting steviet
Stupid stupid trade - how can I be so disciplined when I trade off dailys and can't keep out of the market when I am at the pc?

Minus 57 pips on that trade - still a pretty good day but could have been better if I wasn't such a jerk sometimes lol

Aug pips : + 589

Kind Regards
Steve
Hi Stevie

I am glad to see that you've started to find a "comfort" zone with your trading. The more experience you gather, the more comfortable you are going to get and the more profitable you'll be.

By reading your recent posts, two things stick out to me:

1) You are a more flexible trader than you were before, which makes it easier for you to adapt to different market conditions.

2) You are more focused on being successful.

You are definitely on the right track. Keep it up and never give up learning these markets. I'm sure you'll be a full-time trader soon.

IS
  • #2,302
  • Aug 16, 2007 3:01am Aug 16, 2007 3:01am
Quoting ItalianSharp
Hi Stevie

I am glad to see that you've started to find a "comfort" zone with your trading. The more experience you gather, the more comfortable you are going to get and the more profitable you'll be.

By reading your recent posts, two things stick out to me:

1) You are a more flexible trader than you were before, which makes it easier for you to adapt to different market conditions.

2) You are more focused on being successful.

You are definitely on the right track. Keep it up and never give up learning these markets. I'm sure you'll be a full-time trader soon.

IS
Thanks IS

Kind Regards
Steve
  • #2,303
  • Aug 16, 2007 10:01am Aug 16, 2007 10:01am
OK, OK, OK, so I couldn't help myself and saw GBPJPY breaking 235.92 and placed a short at 235.81.

As you probably know it tanked from there to the low 222's

However, being the crap intraday scalper I am, I panicked and closed at plus 7 - yes you read that right hahahaha.

I'll be glad when there's a bit of normality back in the markets - on my previous methods I'd have made well over a thousand pips this week but with that method the choppy periods would take a lot of that back.

I'm happy overall as it's been a good week & month so shouldn't complain. I know some have made thousands of pips/$$$$'s this week & I'm sure some have lost their shirts also.

Aug total + 596

Kind Regards
Steve
  • #2,304
  • Aug 16, 2007 9:11pm Aug 16, 2007 9:11pm
OK, after nearly a year of live trading I made my biggest mistake about an hour before NY close on GBPJPY. I've been up all night and my alarm goes in 20 mins!!!

I'll update later because it's a little complicated to explain...

Kind Regards
Steve
  • #2,305
  • Aug 16, 2007 9:31pm Aug 16, 2007 9:31pm
Quoting steviet
OK, after nearly a year of live trading I made my biggest mistake about an hour before NY close on GBPJPY. I've been up all night and my alarm goes in 20 mins!!!

I'll update later because it's a little complicated to explain...

Kind Regards
Steve

uh oh steve

whatever it is, you have overcome every obstacle thrown your way, so this will be no different

Keep at it bro
  • #2,306
  • Edited Aug 17, 2007 7:06am Aug 16, 2007 9:57pm | Edited Aug 17, 2007 7:06am
Quoting mbqb11
uh oh steve

whatever it is, you have overcome every obstacle thrown your way, so this will be no different

Keep at it bro
OK Mike, I've got to be up in a few minutes so I'll let you know now.

It all started with a quick scalp at 223.39 (short) and within a few minutes I was 30 pips down. So, I thought to myself ''OK, we're in a big downtrend so no worries'' and opened up another at 223.61.

As you probably know, the last hour of the NY session, GJ shot up to around 227.50 . No stop losses of course no need when you're in for a quick scalp (stupid). Anyhow, I came up with a plan - every 30 pips a position went against me I opened up another one

When any position went 10 pips into profit I locked it in and then 20, locked that in etc.

The upshot is I traded solid for about 8 hours with a total of 42 positions in that time! I was a lucky lucky boy - at worst I was about 25% down in my account and a total of around 2500 pips in the hole eek.

I kept at it and in the end all 42 positions were closed in profit, most for 10 pips, a few for 20 and so on. A couple made it to 60 pips before being stopped out.

The last position I closed manually for 5 pips which was the very first one I opened 8 hours before. Of course, within 10 minutes of closing, GJ tested 221.57 again which was another 170 pips on lol. However, I deserved nothing - I deserved to lose my account and it would have probably been better for anyone reading this rather than tell you what I'm about to tell you now...

Total pips gained overnight were 826 pips - unbelievable but true. Worst trading night of my life.

Any newbie trader reading this - DO NOT DO THIS EVER!!!! This is exactly what I tell others not to do. What a prize plonker!

Total pips for August: + 1422

June +192, July +543 -Total since June when I started effectively from scratch again = +2157


Kind Regards
Steve
  • #2,307
  • Aug 16, 2007 10:04pm Aug 16, 2007 10:04pm
yikes! The sweat was probably pouring off ya and you were thinking, just get me back to even and I will never do this again FX gods

Well lesson learned and you even came out with pips

Seeing this volatile market can be tempting to jump in and scalp or do things you aren't accustomed too. Can be very dangerous, always just stick to your plan so good lesson here and for others reading. Although sometimes you just have to go through that ordeal to learn it.

Take care steve hope you got some sleep?!
  • #2,308
  • Aug 16, 2007 10:31pm Aug 16, 2007 10:31pm
Quoting steviet
OK Mike, I've got to be up in a few minutes so I'll let you know now.

It all started with a quick scalp at 223.39 (short) and within a few minutes I was 30 pips down. So, I thought to myself ''OK, we're in a big downtrend so no worries'' and opened up another at 223.61.

As you probably know, the last hour of the NY session, GJ shot up to around 227.50 . No stop losses of course no need when you're in for a quick scalp (stupid). Anyhow, I came up with a plan - every 30 pips a position went against me I opened up another one

When any position went 10 pips into profit I locked it in and then 20, locked that in etc.

The upshot is I traded solid for about 8 hours with a total of 42 positions in that time! I was a lucky lucky boy - at worst I was about 25% down in my account and a total of around 2500 pips in the hole eek.

I kept at it and in the end all 42 positions were closed in profit, most for 10 pips, a few for 20 and so on. A couple made it to 60 pips before being stopped out.

The last position I closed manually for 5 pips which was the very first one I opened 8 hours before. Of course, within 10 minutes of closing, GJ tested 231.57 again which was another 170 pips on lol. However, I deserved nothing - I deserved to lose my account and it would have probably been better for anyone reading this rather than tell you what I'm about to tell you now...

Total pips gained overnight were 826 pips - unbelievable but true. Worst trading night of my life.

Any newbie trader reading this - DO NOT DO THIS EVER!!!! This is exactly what I tell others not to do. What a prize plonker!

Total pips for August: + 1422

Kind Regards
Steve
similar thing happened to me last week, left trades open while i had shower and dinner across street from hotel, when i came back, the french bank had closed off funds due to prime mortgage business. Spent all night doing same thing, almost lost my whole low 5 figure account. Had wandered from my trading plan being overconfident. Managed to fight my way back for most of it but was a total waste the next morning.
It was a good lesson for me and in many ways was a blessing.
Trade what you see, not what you think.
  • #2,309
  • Edited 3:02am Aug 17, 2007 2:50am | Edited 3:02am
Quoting mbqb11
yikes! The sweat was probably pouring off ya and you were thinking, just get me back to even and I will never do this again FX gods

Well lesson learned and you even came out with pips

Seeing this volatile market can be tempting to jump in and scalp or do things you aren't accustomed too. Can be very dangerous, always just stick to your plan so good lesson here and for others reading. Although sometimes you just have to go through that ordeal to learn it.

Take care steve hope you got some sleep?!
Lesson learned indeed & 3 hours sleep now, ahhhh

It was strange actually - didn't get too stressed apart from the initial shock. First it was a damage limitation excercise and then as I started closing positive positions I thought, hey I could get out of this break even.

I came up with the plan to trade my way out of it taking into account the long term trend and stuck to it through the night.

Then, as the plan was working I became more confident that GBPJPY would indeed test the previous days low - it almost always does after big move.

Of course I would never recommend it but it was certainily an experience!!!

Kind Regards
Steve

PS - I see it hit the 219's whilst I was sleeping - what was I worried about HAHAHA. Should've kept all 42 positions open with a 219.50 target!!! That's too many pips for me to work out lol
  • #2,310
  • Aug 17, 2007 2:54am Aug 17, 2007 2:54am
Quoting maestr2
similar thing happened to me last week, left trades open while i had shower and dinner across street from hotel, when i came back, the french bank had closed off funds due to prime mortgage business. Spent all night doing same thing, almost lost my whole low 5 figure account. Had wandered from my trading plan being overconfident. Managed to fight my way back for most of it but was a total waste the next morning.
It was a good lesson for me and in many ways was a blessing.
WOW, doing it on a five figure account must have been 'fun' lol. Glad you got through the oher side too relatively unscathed - sure been a lesson for me...

Kind Regards
Steve
  • #2,311
  • Aug 17, 2007 3:06am Aug 17, 2007 3:06am
Quoting steviet

PS - I see it hit the 219's whilst I was sleeping - what was I worried about HAHAHA. Should've kept all 42 positions open with a 219.50 target!!! That's too many pips for me to work out lol

yeah geez, man...come on
  • #2,312
  • Aug 17, 2007 3:12am Aug 17, 2007 3:12am
Quoting steviet
WOW, doing it on a five figure account must have been 'fun' lol. Glad you got through the oher side too relatively unscathed - sure been a lesson for me...

Kind Regards
Steve

Yeh, and back just planning my trades and trading my plan. Have picked up 900 pips so far tonight, just waiting for NY open to see if I can grab a few more.
Good luck to you and your future trades, I follow your journal alot.
Rod
Trade what you see, not what you think.
  • #2,313
  • Aug 17, 2007 5:30am Aug 17, 2007 5:30am
Quoting mbqb11
yeah geez, man...come on
hehe
  • #2,314
  • Aug 17, 2007 5:32am Aug 17, 2007 5:32am
Quoting maestr2
Yeh, and back just planning my trades and trading my plan. Have picked up 900 pips so far tonight, just waiting for NY open to see if I can grab a few more.
Good luck to you and your future trades, I follow your journal alot.
Rod
Just the 900 Rod?

Sounds like you're doing rather well - maybe it should be you writing your journal & me following :

Seriously, that's not a bad night's work

Kind Regards
Steve
  • #2,315
  • Aug 17, 2007 5:57am Aug 17, 2007 5:57am
  •  markt
  • | Joined Jan 2007 | Status: Would be... Full time trader | 88 Posts
Not bad for a night worker! he he

Great trading and what great fun too!

mark
  • #2,316
  • Aug 17, 2007 6:05am Aug 17, 2007 6:05am
Quoting markt
Not bad for a night worker! he he

Great trading and what great fun too!

mark
Sheesh Mark it was an experience anyway lol!

In all the excitement I missed a few daily trades I would have normally taken such as USDCAD short but looks like we may be going into the weekend with some good longer term set-ups, albeit with pretty large initial stop losses.

I'm knackered lol

Kind Regards
Steve
  • #2,317
  • Aug 17, 2007 6:17am Aug 17, 2007 6:17am
Quoting steviet
..
Any newbie trader reading this - DO NOT DO THIS EVER!!!!
thus implying you are a pro.

what a bragger steviet turned out to be. i remember when he constantly reminded himself he was a newbie back in the days.

as always.
great trades steviet.

goal after goal. pips after pips. profit after profits.
steviet.
a pro.

title well deserved.
BAM BAM BOOM! -bravado
  • #2,318
  • Aug 17, 2007 6:24am Aug 17, 2007 6:24am
Quoting bravado
thus implying you are a pro.

what a bragger steviet turned out to be. i remember when he constantly reminded himself he was a newbie back in the days.

as always.
great trades steviet.

goal after goal. pips after pips. profit after profits.
steviet.
a pro.

title well deserved.
hahaha, me a pro? i don't think so roflmao - maybe a bozo

thx for dropping in as always
  • #2,319
  • Aug 17, 2007 6:34am Aug 17, 2007 6:34am
Quoting steviet
hahaha, me a pro!
have a good weekend!
BAM BAM BOOM! -bravado
  • #2,320
  • Aug 17, 2007 6:41am Aug 17, 2007 6:41am
Quoting bravado
have a good weekend!
Cheers, you too
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