- #609,522
- Mar 14, 2012 2:52pm Mar 14, 2012 2:52pm
- Joined Mar 2008 | Status: Fooled by randomness | 8,365 Posts
When life gives you lemons, make lemonade
- #609,523
- Mar 14, 2012 2:53pm Mar 14, 2012 2:53pm
- | Joined Mar 2009 | Status: Independent Trader | 662 Posts
tik....
tik...
tik...
tik...
boom
PS: no more tiks after the boom LOL
Learn to see what's there, not what you want to see.
- #609,524
- Mar 14, 2012 2:53pm Mar 14, 2012 2:53pm
- Joined Jan 2011 | Status: Winning is my hobby! | 2,120 Posts
- #609,525
- Mar 14, 2012 2:54pm Mar 14, 2012 2:54pm
- | Joined Jul 2011 | Status: Jesus is the way. | 1,450 Posts
If there's one lesson you'll learn from this, then it's "Never add to a losing position." (unless you are experienced enough to know what you are doing)
The price seems to want to take out 1.3 even though there is low liquidity. There are must be heaps of sell stops below 1.2975... which means that the price could drop quite drastically and wipe you out.
It may be difficult to do psychologically but you may have to seriously consider closing your positions before you get a margin call.
The most important thing you'll ever learn.....
why do you do this?
Don't just beat the markets, leave bruises.
- #609,526
- Mar 14, 2012 2:55pm Mar 14, 2012 2:55pm
- Joined Mar 2008 | Status: Fooled by randomness | 8,365 Posts
LOL all i can say to him is, you can trade however you want, it's your money. But please if you decide to trade that way, practice some MM. But that's hard to do for most people.
When life gives you lemons, make lemonade
- #609,527
- Mar 14, 2012 2:56pm Mar 14, 2012 2:56pm
- Joined Dec 2010 | Status: Trader | 1,021 Posts
1. gambling will make you lose your money
2. with or without SL, if you take such bad trades you end up losing money
3. with SL you will always lose money, unless you are some kind of a god or unless you have a mechanically proven system which is very very rare to find these days
Without SL ... your account will blew up
Accept small loss or big loss?Why let a position go against you so much?
I always made pips @ the beginning of the week.
I just can't keep it on Friday coz without SL
Always give up ur position when it move against you so much.
Always a next trade ... Otherwise you keep sit there and praying
it will come back your way..
Spread is only couple of Pips ... but without SL can you kill
You can always buy @ better position
Look at your Explorer now ... you let it move against you that much
- #609,528
- Mar 14, 2012 2:57pm Mar 14, 2012 2:57pm
- Joined Mar 2008 | Status: Fooled by randomness | 8,365 Posts
Words of reasoning+wisdom.
Russian Roulette. The good part is he's smart enough to SL it. He took into account the possibility of the rare event. :clapping:
When life gives you lemons, make lemonade
- #609,529
- Mar 14, 2012 2:59pm Mar 14, 2012 2:59pm
- Joined Mar 2008 | Status: Fooled by randomness | 8,365 Posts
Without SL ... your account will blew up
Why let a position go against you so much?
I always made pips @ the beginning of the week.
I just can't keep it on Friday coz without SL
Always give up ur position when it move against you so much.
Always a next trade ... Otherwise you keep sit there and praying
it will come back your way..
Spread is only couple of Pips ... but without SL can you kill
You can always buy @ better position
Look at your Explorer now ... you let it move against you that much
come on man, do you think i am that stupid? do you know what my trade plan is? do you know what my target is? do you know when and where i will exit or reverse?
you dont
When life gives you lemons, make lemonade
- #609,530
- Mar 14, 2012 3:01pm Mar 14, 2012 3:01pm
- Joined Jul 2007 | Status: Short on USD/MXN, Long on legs | 16,578 Posts
New voice message: Why are you calling me? If I need you, I'll call you!
- #609,531
- Mar 14, 2012 3:03pm Mar 14, 2012 3:03pm
- Joined Dec 2010 | Status: Trader | 1,021 Posts
lol oh i should kill myself now... it moved against me so much
come on man, do you think i am that stupid? do you know what my trade plan is? do you know what my target is? do you know when and where i will exit or reverse?
you dont
Nevermind you're still on DEMO account ...
No point there
- #609,534
- Mar 14, 2012 3:09pm Mar 14, 2012 3:09pm
- Joined Jul 2007 | Status: Short on USD/MXN, Long on legs | 16,578 Posts
Hope you gentlemen had a good day today. I was -35 today but whatever, there's always tomorrow. See ya tomorrow!
New voice message: Why are you calling me? If I need you, I'll call you!
- #609,536
- Mar 14, 2012 3:10pm Mar 14, 2012 3:10pm
- Joined Mar 2008 | Status: Fooled by randomness | 8,365 Posts
Nevermind you're still on DEMO account ...
No point there
When life gives you lemons, make lemonade
- #609,539
- Mar 14, 2012 3:12pm Mar 14, 2012 3:12pm
- | Joined Jul 2011 | Status: Jesus is the way. | 1,450 Posts
i dont understand why did you show me the post of caldera? anything you pointing out from that?
The second is for you. Just replied together in one post. I feel aarondang is wrong about calling himself a gambler. I do not think he's playing the russian roulette as you posted. He has a SL, and the SL only means a trader knows what he's doing. Most traders hate to exit a losing position because it finalizes the trade and solidifies the loss. But they always forget...that nobody is above the law. The law of the rare event. It's all written in your "custom user title".
Don't just beat the markets, leave bruises.