Cable Update (GBPUSD)
my bad, calm down
right now i saw the daily close.
The price hammered.
i got rid of the hedge and my lower position damn swap fees were to much..paid like 4 pounds just for one day..lol
i will ride the mofo out..if it goes 1k pips lower i will buy again
the piece of crap
you think hammer on cable daily ?? Really i am very calm my friend
Lol ,well ill be honest Nav doesn't make sense to me ,I used to hedge alot tbh ,but no more ..
because of work and the position size i simply used it to lock in the loss because it quite easily could have doubled....i reckon we will see 1.63 again..kinda counting on it..
the swap fee..done me this time
Cut Your Losses Early, Let Your Profits Run
Countless trading books advise traders to do this. When your trade goes against you, close it out. Take the small loss and then try again later, if appropriate. It is better to take a small loss early than a big loss later. Conversely, when a trade is going well, do not be afraid to let it continue working. You may be able to gain more profits.
This may sound simple – “do more of what is working and less of what is not” – but it runs contrary to human nature. We want to...
Cut Your Losses Early, Let Your Profits Run
Countless trading books advise traders to do this. When your trade goes against you, close it out. Take the small loss and then try again later, if appropriate. It is better to take a small loss early than a big loss later. Conversely, when a trade is going well, do not be afraid to let it continue working. You may be able to gain more profits.
This may sound simple – “do more of what is working and less of what is not” – but it runs contrary to human nature. We want to be right....
. So sometime i may prefer to swing trade by reducing the lot size, and let the trade auto close by itself when hit target, maybe that's more of long term trading.sometimes stops don't work
If my broker can stop having slippage up to 5 times already, i will consider using stops.
because of work and the position size i simply used it to lock in the loss because it quite easily could have doubled....i reckon we will see 1.63 again..kinda counting on it..
the swap fee..done me this time
