What would you do after a 70% gain?

Closed all open trades during the first 24hrs, and now your account balance has been increased by ~70%...not bad at all.

They say greed kills..so i should take a deep breath...and don't look at the forex charts for the next 24hrs.

What would you do?

Chuck it all on Black

why stop now!

But seriously is this any of our business?

I think the only person that knows what to do now is you.

When I close a big trade I walk away. Take the girlfriend to dinner or a few days up the coast. If I didn’t I would not be able to tame my ego.

But like Cindy said, it’s up to you. You know yourself far better than anyone posting here.

Get ready for the 100% loss.

Act like nothing ever happened.

Pretend to have just woke up and forgot all about yesterday.

Keep your mouth shut and BOTTLE ALL YOUR EMOTIONS INSIDE YOU!!

This was the best reply so far...ROFL!

Yes cindyxxx, it is none of anyone business,but myself...also I should know what to do next...perhaps it was a very empty question.

Anyway, thanks for all the reply.

Go live.

I guess that you don't have a fully documented trading plan, because that question needs to be addressed before it happens.

My personal experience is to take the profit and sit on your hands for some time until the elation goes away.

Try to forget about it after that because the market has a way of getting it back from you in revenge trading.

Oh and if you didn't plan for that eventuality, perhaps you should also plan for the other side of it - what do you do if (heaven forbid)

 

1. you lose 10% of your trading capital in one week, one day etc.
2. what do you do if you lose 50%?
3. when do you stop trading?

It happens to more than 70% of traders at some time, and you need to be prepared for it in my view.

Good luck though, sounds like you might be onto something good there.

Cheers
Vossey

I will control my emotions. Will analyse market based on support and resistance. I will not trade for at least that day and give markets its respect and time to consolidate or start new activity/cycle based on the time frame I am trading.

If this was huge gain in one trade, which looks unlikely, I will withdraw some real profit money out of the market to make it supersafe.

I will repeat this hundered time (overkill) but yes!!...I will not trade till the new cycle begins

realise i am just gambling and that if i continue like this that 70% will be gone by this time next week

What is your system? Does your system depend on your emotions?
If you don't have a system, then perhaps what's fueling your trades are emotions

If you have 170% and are gambling, withdraw 100% and gamble with the rest.

Super real "Untold Story" ...

Well, the 70% is very subjective...let's just think about it as %gain/loss...as long as you are on the plus side, u r in good hand. So no worry!

My system is basically comprised of three markets: s&p500, swissy and euro.

sp500 and euro usually move in the opposite direction of the swissy.

I am looking into divergence in this movement, and try to capitilize on it...as long as I can get those 70% gains