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  • #493,001
  • Jul 19, 2011 2:50am Jul 19, 2011 2:50am
Quoting Larseg
I say it again, why all these indicators on the chart?
To show that how am I stupid and a line is more clever than me
  • #493,002
  • Jul 19, 2011 2:51am Jul 19, 2011 2:51am
Quoting zelenko
hey guys can you help me please


i have a sell position from 14050 with one lot

and another sell from 14100 with 2 lots

and now the first is -100 and the second is -50

what is your advice ???

sould i enter sell with 4 lot again ?? and if yes from where???
NEVER add to losing positions. What percent (of account balance) are you down?
  • #493,003
  • Jul 19, 2011 2:51am Jul 19, 2011 2:51am
Quoting pkimnyc
cut the loss right away. move on.
you mean there is no hope it go down
  • #493,004
  • Jul 19, 2011 2:52am Jul 19, 2011 2:52am
Let the news make it better, then close it ASAP

Quoting zelenko
hey guys can you help me please


i have a sell position from 14050 with one lot

and another sell from 14100 with 2 lots

and now the first is -100 and the second is -50

what is your advice ???

sould i enter sell with 4 lot again ?? and if yes from where???
  • #493,005
  • Jul 19, 2011 2:52am Jul 19, 2011 2:52am
Quoting zelenko
hey guys can you help me please


i have a sell position from 14050 with one lot

and another sell from 14100 with 2 lots

and now the first is -100 and the second is -50

what is your advice ???

sould i enter sell with 4 lot again ?? and if yes from where???

Never, ever, add to a losing trade.

Losers average losers
  • #493,006
  • Jul 19, 2011 2:53am Jul 19, 2011 2:53am
Quoting zelenko
you mean there is no hope it go down
hope is something that will kill your account. trust me.
market can do anything up or down.

smart thing to do is to cut the loss while you still have your account, and wait for next set up.
  • #493,007
  • Jul 19, 2011 2:53am Jul 19, 2011 2:53am
Quoting 2+2=4ex
NEVER add to losing positions. What percent (of account balance) are you down?
now 10 % floating loose
  • #493,008
  • Jul 19, 2011 2:54am Jul 19, 2011 2:54am
thanks.


http://members.multimania.co.uk/aveq...-online-18.jpg
  • #493,009
  • Jul 19, 2011 2:54am Jul 19, 2011 2:54am
Your short is at what price?

Quoting Bi4re
Your right, But I have a sell position which is going to make me sad
It (News) should make it go down according to the history...
Should I close my position or stay alife...
  • #493,010
  • Jul 19, 2011 2:54am Jul 19, 2011 2:54am
Quoting walb99
Here is an example how to do
http://www.youtube.com/watch?v=vIMwM...embedded#at=60

man I was hoping my video wouldnt make it back on here!!!
  • #493,011
  • Jul 19, 2011 2:55am Jul 19, 2011 2:55am
Quoting zelenko
now 10 % floating loose
Cut off 10-20% of your EU position and buy AU with that same amount you cut off.

EDIT: Keep chopping and moving if continues to go against you.
  • #493,012
  • Jul 19, 2011 2:55am Jul 19, 2011 2:55am
Quoting zelenko
hey guys can you help me please


i have a sell position from 14050 with one lot

and another sell from 14100 with 2 lots

and now the first is -100 and the second is -50

what is your advice ???

sould i enter sell with 4 lot again ?? and if yes from where???
First ask yourself how much can you afford to lose. If you're past that point then close your trades, learn your lesson and move on.

Do you, looking at your charts see it coming back down? if not cut your losses and again learn your lesson.

It's hard when u have such a drawdown, trust me I know.
I operate with clear definite rules, if I break them I lose BIG!
  • #493,013
  • Jul 19, 2011 2:55am Jul 19, 2011 2:55am
Quoting pkimnyc
nice call there buddy.
Cheers mate. But they've pulled this BS so many times this year, it's getting kind of ridiculous. Sure enough, 3 hours after I posted yesterday they announced they'll have a rescue package by Thursday.

Let's see...
  • #493,014
  • Jul 19, 2011 2:55am Jul 19, 2011 2:55am
It is @1.4080...

Quoting tienphivirgo
Your short is at what price?
  • #493,015
  • Jul 19, 2011 2:56am Jul 19, 2011 2:56am
Quoting pkimnyc
?? no harm done.... i don't know why you are sorry...
just being respectful bc its was right when the mkt was moving etc...
  • #493,016
  • Jul 19, 2011 2:57am Jul 19, 2011 2:57am
Quoting Fudomyo
Cheers mate. But they've pulled this BS so many times this year, it's getting kind of ridiculous. Sure enough, 3 hours after I posted yesterday they announced they'll have a rescue package by Thursday.
lol. cheers mate.
  • #493,017
  • Jul 19, 2011 2:57am Jul 19, 2011 2:57am
Quoting zelenko
hey guys can you help me please


i have a sell position from 14050 with one lot

and another sell from 14100 with 2 lots

and now the first is -100 and the second is -50

what is your advice ???

sould i enter sell with 4 lot again ?? and if yes from where???
Don't do it, you're going to blow your account.

It's a good strategy to build into a position.. but you need to know what you're doing. It seems you are blindly trying to buck the trend, and your losses will only get deeper. For now.. cut your losses and learn from your mistake. Restart with smaller lot sizes until you know what you're doing!
  • #493,018
  • Jul 19, 2011 2:58am Jul 19, 2011 2:58am
Quoting zelenko
you mean there is no hope it go down
this is just choppy price action i have also the same trades more or less not to concerned give it another few hours.
probably squeezing everyone out before reversing it back into dominant direction which is bearish. scaring people out and suckering in new longs
rat
  • #493,019
  • Jul 19, 2011 2:59am Jul 19, 2011 2:59am
Quoting fxjawn
just being respectful bc its was right when the mkt was moving etc...
no worries. i was done with trading at the time.
you wont see me here when i'm in active mode. lol
  • #493,020
  • Jul 19, 2011 2:59am Jul 19, 2011 2:59am
Quoting zelenko
now 10 % floating loose


In the case where the market does what it does and it doesn't align with your trade belief/idea, you are in control to stop it and adjust - why giving your control away to the market by not reacting (and staring at the screen while the account balance keeps shrinking)? You find yourself driving in the wrong direction on the highway, you react by finding the next best exit and turn or stop to check directions - you don't just drive on until you run out of gas - or do you?

Never lose sight of the things you CAN control - ever. Know that you CAN'T control the market price itself - but you can react objectively - do it!



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