DislikedThese are the posts that I completely DO NOT understand.
If you are talking about 60 pips in the negative and in the same sentence you use the word Margin Call, then I know 1 thing 100% sure:
OVER LEVERAGEDIgnored
Few months ago, I gave a very controversal vouch to a completely useless poster here. That one vouch given costed me some very important vouches.
Now why I gave that vouch to that bastard? Because he brought to everybody's attention one most important thing many ignore and that is directly related with position size, margin calls and spikes. Based on that post, I changed the way I operate in this market and for good.
1. I do not like to keep idle funds with my broker. Therefore transfer money for one trade only. If that trade is for 100 pip profit and 40 pip sl, I would transfer just enough to get a margin call 40 pips away from my entry.
2. Margin call with a leverage of 1:10 and margin call with a leverage of 1:400 are two totally different things. All it matters is how much % of account would be left after the margin call. In fact, Jesse Livermore appreciated the Margin Call tool as it let's a trader setting a disater stop in addition to regular stoploss.
3. In some situations it is good to remove stoploss to avoid getting caught in a spike. Again one has to manage the account balance to set margin call at an acceptable risk level.
It all depends how one is trading.
The Thief of Wall Street