Dislikedits not about big balls..whats so hard about placing a trade and sticking to it..thats all im doingIgnored
mate.
you bought at the top.
all these months are not about taking a trade, but rationalizing a mistake.
come on.
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Dislikedits not about big balls..whats so hard about placing a trade and sticking to it..thats all im doingIgnored
Dislikedits not about big balls..whats so hard about placing a trade and sticking to it..thats all im doing..everything thats happening is in your head..
i have been in a trade 2 months..i feel like i just entered it, not because im brave but because i fell nothing..think about that..its all in the head..big balls have nothing to do with it..unless u feel, big balls are needed to trade
and im not sure but i made a decision and am sticking to it..fear will be the only reason i stop itIgnored
Dislikedmate.
you bought at the top.
all these months are not about taking a trade, but rationalizing a mistake.
come on.Ignored
DislikedWhen entering a trade with no rational stop loss then the trade is all about feelings.Ignored
Dislikedok man..i made a mistake..i have admitted it wasnt a good decision trade wise..but its a trade...what do u know about where price is going??? nothing other than yur speculative view
which i respect but its nothing more..so what makes u think i should listen too u??? and change my trade..seriously?
and what makes u think u can define what a rational stop is? it is relativeIgnored
Dislikedok.
I take my profits right now in small parcels because a lot can go terribly wrong with the amount of uncertainty in the markets.
Ignored
Dislikedok man..i made a mistake..i have admitted it wasnt a good decision trade wise..but its a trade...what do u know about where price is going??? nothing other than yur speculative view
which i respect but its nothing more..so what makes u think i should listen too u??? and change my trade..seriously?Ignored
DislikedNo one can know with certainty where the market will go. All one can do is plan everything out before entering the trade and sticking to that plan without allowing justitifcations and rationalizations to creep into their mind.
If this was all part of your plan then you have traded well.Ignored
Dislikedno
don't listen to me.
how do you dig yourself out?
you need to find your own answers.
I was in a similar position a few years back and made a royally shitty mistake, so no judgment.
what I did was scale out, so I could free up capital to counterbalance a bad trade.
as long as you're locked in to a single badly losing position, you are at the mercy of the markets.
that's all I was trying to say.
all in is never a good idea.Ignored
Dislikedi am not all in..i would never do this..right now my drawdown is 20% or around this figure, i respect u, u know this
but i have a very tough head and nobody in this world can influence my decisions unless i see the sense in there logic..price is still in a uptrend and when it switches to downtrend..im looking for exit
i take what u say cause u care and are trying to help me..i realise this and thank u for the concernIgnored
Dislikedlol
ok you are Ganko
this is Japanese for stubborn.
I like that in you, and I am very much the same.
but look at the numbers.
you are sitting in a loss for an unreasonable time.
that's all it comes down to.
if you are safe then good on you, but we are in this to profit, not prove we are ultimately right.
so if you could have earned 200K and sat in a 60K loss for 4 months to realize a 20K profit, that's not efficient.
make more money.Ignored
Dislikedlol
ok you are Ganko
this is Japanese for stubborn.
I like that in you, and I am very much the same.
but look at the numbers.
you are sitting in a loss for an unreasonable time.
that's all it comes down to.
if you are safe then good on you, but we are in this to profit, not prove we are ultimately right.
so if you could have earned 200K and sat in a 60K loss for 4 months to realize a 20K profit, that's not efficient.
make more money.Ignored
DislikedI think its about time to let navin do what he wants, its not really about how the bad trade is undermining his performance but for a trader like him who likes to hold onto a bad trade, he reminded me when i was long usdchf back in last year august, i knew the SNB were gona intervene at a big way longed at 0.8000 but i had to suffer a huge drawdown of 1000 pips as it went down to 0.7 before SNB intervened, i knew there were gona bit dunno where.
As for navin his bad trade will be a true test of his capability as a good...Ignored
Dislikedmate
when you have real skin in the game it's not about losing a few pips.
when this is your livelihood it's a whole different story.
it's good you're doing well. but you need to understand real DD.
at 20% of principle on a live account, this is no joke.
On a small 1M account it's 200K.
most people would consider this a significant loss.Ignored
Dislikedi am not all in..i would never do this..right now my drawdown is 20% or around this figure, i respect u, u know this
but i have a very tough head and nobody in this world can influence my decisions unless i see the sense in there logic..price is still in a uptrend and when it switches to downtrend..im looking for exitIgnored
DislikedGood one
Ill give you 5k to trade and let you piss it away like your own account.If your going to put your account on display for all to see and its that bad i wouldnt be boasting about tradong .Down 31% and an unrealised loss of another $1900
http://www.myfxbook.com/members/bguguen.....Click on the one thats down 31% and you can see how bad he is
Oh look there is your 275 pip winner from yesterday on GBP/USD .you won 137.50
01/03/2012 06:09 01/13/2012 16:05 GBPUSD Sell 0.05 0.00000 1.52750 1.55500 1.52750 275.0 137.50
Well...Ignored
DislikedDoes anyone else see 52ish as an important bear target? Haven't heard much on this level at all but it seems important level to me at 62.8 retrace. Just curious of others thoughts.Ignored
Dislikedyea btw im 19 years old still in my learning curve here... its been dumb of me to let someone trade my account but over the last 2 months, ive been applying my own knowledge in forex to save this account buddy... as far as i see this month will be as profitable as the last, however i still need to manage the losing trades, what i intend to do with the EURUSD is to close them if it gets back up to 1.35 which is still a possibility, while making as much as i can on other pairs to compensate if it continues to fall, so far its been great
Despite EURUSD...Ignored