COT: The precious data ignored
- #229,863
- Apr 23, 2010 1:53am Apr 23, 2010 1:53am
- Joined Apr 2009 | Status: Trader | 4,214 Posts
good morning all
last night was my worse disaster, the move down of the euro costed me over 500 euro! in real money but not demo! nearly a month trading faded away in a few minutes cause i was asleep
- #229,866
- Apr 23, 2010 1:57am Apr 23, 2010 1:57am
it was nearly 80% of my trading capital, i didnt do a SL and went to sleep, thought after that rally wouldnt move down more, worse mistake i did in 5over 3 years - gosh
But hey at least you had a good lesson
ready or not her we go
- #229,867
- Apr 23, 2010 2:00am Apr 23, 2010 2:00am
most of the trades if you take care of your position you do not need a sl, mm can be done on your eyes, on the fly, avoiding whipping out
it was a misjudgment of the next move
it was a misjudgment of the next move
Doesn't seems your trade 3 years if your make such a stupid mistakes
But hey at least you had a good lesson
- #229,869
- Apr 23, 2010 2:01am Apr 23, 2010 2:01am
- Joined Oct 2008 | Status: Trader | 3,473 Posts
Trade on your own risk
Plan your trade&trade your plan dont be a 
- #229,871
- Apr 23, 2010 2:02am Apr 23, 2010 2:02am
- Joined Mar 2010 | Status: Trader | 42,434 Posts
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
- #229,872
- Apr 23, 2010 2:03am Apr 23, 2010 2:03am
- Joined Jul 2007 | Status: Trader | 17,796 Posts
COT: The precious data ignored
- #229,873
- Apr 23, 2010 2:06am Apr 23, 2010 2:06am
Pff...morning, just lost 3100$...i'm so so so dumb...played against the trend and got burned...really burned...now just sit and wait for an angel to touch my account... 
Next move is a sell @.328 with SL @.3320
I'm trashed
Next move is a sell @.328 with SL @.3320
I'm trashed
- #229,876
- Apr 23, 2010 2:09am Apr 23, 2010 2:09am
- Joined Oct 2008 | Status: Trader | 3,473 Posts
Trade on your own risk
Plan your trade&trade your plan dont be a
- #229,877
- Apr 23, 2010 2:12am Apr 23, 2010 2:12am
of course its just a hobby, cant live with that money here! hehe
must admit i manage to have a large % of consec winning trades, small but regular so this was a sure hard lesson yea, mm is fundamental!
must admit i manage to have a large % of consec winning trades, small but regular so this was a sure hard lesson yea, mm is fundamental!
wow man really sorry that will be an expensive lesson then for you in regards of percentage, but if 500€ is 80% of your trading capital you should really evaluate your trading especially your sl management.
Never ever risk more then 5% better never risk more then 1% like this you will be able to make lots of mistakes without being kicked out of this kind of work.
I guess you didnt trade full time and you just trade as a hobby?
Anyway we all have to learn those kind of things the hard way trust me I had big losses too because of not using sl or...
- #229,878
- Apr 23, 2010 2:13am Apr 23, 2010 2:13am
- Joined Jul 2007 | Status: Trader | 17,796 Posts
Maybe, but if you going to sleep and leaving you position open without sl you must really be very sure about the moves and brave from other said.
And it was a dangerous bet you've made....trading against the trend + no SL + bad MM (loosing 100 pips = 80% of your capital is WAY too much mate)
Now always put a SL corresponding to 1% to 3% of your capital and set a target corresponding of 5% of your capital
With this strategy you'll have more chance of earning money than loosing
Good luck to you .... and never listen to anyone here
COT: The precious data ignored
- #229,880
- Apr 23, 2010 2:15am Apr 23, 2010 2:15am
- Joined Jan 2010 | Status: Amat victoria curam | 2,333 Posts
we must watch this and mark it to market every EOD
and create some Hall of Fame to predictions
time of prediction price: Euro @ 1.33+
tomorrow is: 23 Apr
good idea?!
The amount of bad calls Skyzer makes is unbelieveable.