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  • #670,861
  • Jul 23, 2012 8:52am Jul 23, 2012 8:52am
Quoting mm2mm
I'm still long from 1.22282 since Friday .

Will not close it , ever!! Till I am in profit.
just wait for about a year xD
  • #670,862
  • Jul 23, 2012 8:53am Jul 23, 2012 8:53am
Quoting mm2mm
margin call is @ $42
Net asset value @$250

Used only $3,500 lots thank god lol!
Why would you allow yourself, to consider even losing that much of an account? If you can't ever accept a loss and are pig headed about where you think price is going there is no hope for you in trading, you are wasting your time.
  • #670,863
  • Jul 23, 2012 8:55am Jul 23, 2012 8:55am
oh cmon! where is my LL?
upd: and what the fuck is this?
  • #670,864
  • Jul 23, 2012 8:58am Jul 23, 2012 8:58am
Quoting KumoDragon
Why would you allow yourself, to consider even losing that much of an account? If you can't ever accept a loss and are pig headed about where you think price is going there is no hope for you in trading, you are wasting your time.
I posted here on Friday and I said that i did a mistake that I opened a long position and forgot to put stop loss . I just forgot about it and when I see it was -70 pips (the break out on friday). I always put stop losses. And lately i was improving a lot, I was always winning more than loosing. I did simply a stupid mistake. Now I am thinking of closing it. Not sure.
  • #670,865
  • Jul 23, 2012 8:59am Jul 23, 2012 8:59am
Quoting NuNix

nice to see somebody paying attention
  • #670,866
  • Jul 23, 2012 8:59am Jul 23, 2012 8:59am
Quoting mm2mm
I'm trading real money lol.
Hate to break it too ya $250 may be, "actual money," but in the trading game it isn't "real money." $250 is a good night on the town.

What the other guy said, take a loss and move on, learn from it. The longer you can stay in the game without blowing your accoun the more you will learn. You have to learn not to destroy your account first. Making trades all or nothing will get you wrecked in short order.

Though I applaud you for starting with $250, when most nubs start with a few K that is their life savings and lose it thinking they are going to whip the markets.
  • #670,867
  • Jul 23, 2012 9:00am Jul 23, 2012 9:00am
Quoting mercy seat
Midday in good old Europe ... can drift down again in a consolidation phase ...

Let's see what early London - NY - Overlap - Tradingzone can do for us ...

Setbacks are welcome ...





;-|
Yes ... here and now login Longs @ 1.20740 ...

15h52




;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #670,868
  • Jul 23, 2012 9:06am Jul 23, 2012 9:06am
Quoting mm2mm
I posted here on Friday and I said that i did a mistake that I opened a long position and forgot to put stop loss . I just forgot about it and when I see it was -70 pips (the break out on friday). I always put stop losses. And lately i was improving a lot, I was always winning more than loosing. I did simply a stupid mistake. Now I am thinking of closing it. Not sure.
Close it and take a break from trading. Best lesson I ever learned: take the loss then walk away from the screens at least for an hour, if not the next day, so that you can see the screen fresh and without bias. For me the reason was that I would try to revenge trade and end up in a death spiral, where I would trade with my ego instead of my logical plan, that when followed protected my account.

Plan your risk ahead of placing the trade and stick with it. If you risk x over x pips, then stick with it. If you can't accept the risk dont take the trade. P.S. Make sure your risk isn't more than 5% per trade, and 5% is high, past 5% it becomes difficult to make up for losses when they come, and they always come.

P.P.S. I would close it, EU has a lot of room below. If you don't want to take such a hard hit, wait for a long retrace and get out before another leg down.
  • #670,869
  • Jul 23, 2012 9:06am Jul 23, 2012 9:06am
whih one is to close
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd3.gif Size: 16 KB
just live a life, don't be hard.
  • #670,870
  • Jul 23, 2012 9:12am Jul 23, 2012 9:12am
ok, that shit just doesnt want to go down
ahahha bloomberg rocks
  • #670,871
  • Jul 23, 2012 9:16am Jul 23, 2012 9:16am
Quoting undertaker66
ok, that shit just doesnt want to go down
ahahha bloomberg rocks
Summer innit
  • #670,872
  • Jul 23, 2012 9:18am Jul 23, 2012 9:18am
Quoting undertaker66
ok, that shit just doesnt want to go down
I think it will. It's just testing 1.2100 and taking a breather mid session. Though it might be going into a ranging mode and go back up to 1.2138 1.21500, before heading down again.

I'm already short and in profit, so of course I'm rooting for the bears right now.
  • #670,873
  • Jul 23, 2012 9:19am Jul 23, 2012 9:19am
Closed my 2105 short with +11 pips
  • #670,874
  • Jul 23, 2012 9:22am Jul 23, 2012 9:22am
Tossing and Turning.
  • #670,875
  • Jul 23, 2012 9:23am Jul 23, 2012 9:23am
Quoting KumoDragon
Close it and take a break from trading. Best lesson I ever learned: take the loss then walk away from the screens at least for an hour, if not the next day, so that you can see the screen fresh and without bias. For me the reason was that I would try to revenge trade and end up in a death spiral, where I would trade with my ego instead of my logical plan, that when followed protected my account.

Plan your risk ahead of placing the trade and stick with it. If you risk x over x pips, then stick with it. If you can't accept the risk dont take the...
Well ... that's what you think ...

He did not ask you for advice ...

Old enough and he has learned his lesson ... as he did tell us ... and I believe in that ...

###

Moreover you don't pay him in case if the market pops up again and he would have followed that advice to cover his losses at the low zone ...

He obviously as got enough nerves that he can wait to cover at a more convenient level ...





;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #670,876
  • Jul 23, 2012 9:28am Jul 23, 2012 9:28am
If that morning star on H1 holds, might try a little long, because of the divergence on H4 and Daily like KillerWhale pointed out earlier today. Not yet though
  • #670,877
  • Edited 9:45am Jul 23, 2012 9:28am | Edited 9:45am
rejected at the 50%-fib (taken off london high-low). short from here.


edit: s/o again. what a treat.
  • #670,878
  • Jul 23, 2012 9:29am Jul 23, 2012 9:29am
which is the best place to short??????
  • #670,879
  • Jul 23, 2012 9:30am Jul 23, 2012 9:30am
Quoting mercy seat
Well ... that's what you think ...

He did not ask you for advice ...

Old enough and he has learned his lesson ... as he did tell us ... and I believe in that ...

###

Moreover you don't pay him in case if the market pops up again and he would have followed that advice to cover his losses at the low zone ...

He obviously as got enough nerves that he can wait to cover at a more convenient level ...





;-|
So, what's your advice for him?, wait till margin call or profit.....if profit pat himself on the back for having, "balls big enough to hold on," and if margin call try to make back his account with an impossibly smaller account?

I gave him advice because he's doing the exact thing I did with my very first account, going all or nothing. I know how that story ends and it isn't happy.
  • #670,880
  • Jul 23, 2012 9:31am Jul 23, 2012 9:31am
who's going long?? read the news, do your homework, fundemantals are bringing the euro down!
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