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How to rescue a losing position?

  • #241
  • Jan 3, 2013 11:46am Jan 3, 2013 11:46am
best way is to mediatethe trade or wait the stop.
  • #242
  • Jan 3, 2013 11:51am Jan 3, 2013 11:51am
Quoting Indrek
The fact that your thinking capabilities are very limited does not make me a scammer. Sorry.

1 lucky sample on a 50/50 game, which recovered the loss and a tad more, does not a method prove I shall remind you.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #243
  • Jan 3, 2013 11:53am Jan 3, 2013 11:53am
I had to take a loss today what I could of done differently is take a small scalp before the hourly close and London hardly moved up but did a little but didn't reach my TP1. Wait till the close on the hourly THEN make a decision imo. You can't base a decision on a moving/incomplete candle imo.
Find your Favourite Pattern
  • #244
  • Jan 3, 2013 12:34pm Jan 3, 2013 12:34pm
Quoting Turveyd
1 lucky sample on a 50/50 game, which recovered the loss and a tad more, does not a method prove I shall remind you.
I have used the method for longer period than this one example. But let it be. Each trader has to find his/her own way. For me, trading on M1 chart is also ridiculous. So what?
Most important is that you make enough every month for having a very nice life, whatever your method is. Hope, you do it also.
  • #245
  • Edited 1:41pm Jan 3, 2013 1:14pm | Edited 1:41pm
Still, one more post concerning the basket trading method. I just wanted to show the fresh Arbomat chart of the basket. It has reached the mean (0-level) now, so good time to close it.
As we were rescuing a 130 pip loss, our final result is 20-25 pip. If we would not have previous loss to cover then such basket would make 150-155 pip in 1.5 days. And yes, sometimes it takes couple of weeks or even slightly more to reach the mean from standard deviation 2.
You also see that suggested lot sizes have changed a bit during the time that the basket was open.
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  • #246
  • Jan 3, 2013 1:26pm Jan 3, 2013 1:26pm
[quote=Indrek;6336016]I am happy to announce that our basket is now at +150 pip, so initial loss of 130 pip has been covered in 1.5 days and we would even had some profit if trading it in real life.


it is excellent that you made the pips with the multiple pair trade but slightly pathetic that 36 hours of trading was lost trying to save the losing trade so no gain was made. Your basket system looks good but too complicated for me as i am of the simple ilk. Take care with the trading billy
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #247
  • Edited 2:00pm Jan 3, 2013 1:40pm | Edited 2:00pm
Quoting billytt

it is excellent that you made the pips with the multiple pair trade but slightly pathetic that 36 hours of trading was lost trying to save the losing trade so no gain was made.
Why lost? There are no obstacles to take new trades meanwhile. Sometimes a basket stays for couple of weeks and you easily make many pips during that time with your usual trades.
If you stop trading only because there is a basket or even two on the background then you either do not have enough money on your account or your nerves are too weak for trading
  • #248
  • Jan 3, 2013 6:50pm Jan 3, 2013 6:50pm
[quote=Indrek;6336716]Why lost? There are no obstacles to take new trades meanwhile. Sometimes a basket stays for couple of weeks and you easily make many pips during that time with your usual trades.


my bank roll is large and the way i trade i only ever use a fraction of it, but my point is the saving of a losing trade which this time was fruitful and the sometimes it might take weeks to solve the problem, a lot can change in a few hours never mind a week or two.Any pair that is over bought/sold will always retrace. a losing trade get out. take care bud
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #249
  • Jan 4, 2013 1:55am Jan 4, 2013 1:55am
[quote=billytt;6337327]
Quoting Indrek
Why lost? There are no obstacles to take new trades meanwhile. Sometimes a basket stays for couple of weeks and you easily make many pips during that time with your usual trades.


my bank roll is large and the way i trade i only ever use a fraction of it, but my point is the saving of a losing trade which this time was fruitful and the sometimes it might take weeks to solve the problem, a lot can change in a few hours never mind a week or two.Any pair that is over bought/sold will always retrace. a losing trade get out....
Read the first post of the thread - the question was about methods of rescuing, NOT if rescuing has any sense
Hope, you caught the nice move that started two days ago. Monthly target almost met in 48 hours... Even nothing to rescue
  • #250
  • Jan 4, 2013 2:25am Jan 4, 2013 2:25am
Nothing gets saved. In the market you either profit or lose. No need to overcomplicate something simple.
  • #251
  • Jan 4, 2013 3:27am Jan 4, 2013 3:27am
Quoting Indrek
... the question was about methods of rescuing, NOT if rescuing has any sense
If the OP asked for methods of rescuing a losing position that was certainly to use the best one, no?
If rescuing has no sense therefore the best method of rescuing is to not rescue at all. Which is an answer to his/her question.

None of the methods proposed improves the situation. I mean the risk is increased without the reward increased, especially when the reward is to target BE. So the net cost of rescuing is greater than the original loss. Thus far taking the loss is the optimal solution.

And I keep thinking that the basket is just another trading system ran in parallel of the first one. It doesn't rescue anything. It is equivalent to closing the loser of the first strategy and re-opening it for the basket strategy: The only use of including the losing position in the basket is to save 1 spread.
No greed. No fear. Just maths.
  • #252
  • Jan 4, 2013 3:45am Jan 4, 2013 3:45am
[quote=PipMeUp;6338040]If the OP asked for methods of rescuing a losing position that was certainly to use the best one, no?
If rescuing has no sense therefore the best method of rescuing is to not rescue at all. Which is an answer to his/her question.


well said but to his defence Indrek was simply answering the question of the poster. be good......................
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #253
  • Jan 4, 2013 3:59am Jan 4, 2013 3:59am
[quote=Indrek;6337874][quote=billytt;6337327]

Read the first post of the thread - the question was about methods of rescuing, NOT if rescuing has any sense

funny thing is bud, just before christmas i had a big loss so i could of tried to rescue it here lol.( loss is part of trading it goes hand in hand and is part of the plan) My idea was to trade from next week except for waiting for spikes on us oil which i did manage 2 days ago but very early this morning i did trade e/u on the daily breakout. the 1st trade i got busted then i had 2 trades which were good and i have one still running which might be closed any time. Take care and make pips
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #254
  • Jan 4, 2013 4:21am Jan 4, 2013 4:21am
http://www.easyfreesmileys.com/smile...mileys-459.gif
  • #255
  • Jan 4, 2013 5:38am Jan 4, 2013 5:38am
Quoting PipMeUp
If the OP asked for methods of rescuing a losing position that was certainly to use the best one, no?
If rescuing has no sense therefore the best method of rescuing is to not rescue at all. Which is an answer to his/her question.

None of the methods proposed improves the situation. I mean the risk is increased without the reward increased, especially when the reward is to target BE. So the net cost of rescuing is greater than the original loss. Thus far taking the loss is the optimal solution.

And I keep thinking that the basket is just another...
Yep utterly pointless,

Put me down for $20 Indrek to be exposed as none profitable and frauding a min of 3Mil by the end of 2014.

I bet his PM is going wild from newbie's reading his claimed profits off the magic 1H charts, he'll teach them, but they'll have to pay, not cause he needs the money but to prove they won't waste his time.

2013 the year of the scammer, found another 1 at it big time to already.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #256
  • Jan 4, 2013 5:46am Jan 4, 2013 5:46am
I am trying to understand the question.
For instance, if price is in free fall, selling like hell, and the person is long :
is the person asking how to save the trade ? ???
  • #257
  • Jan 4, 2013 5:52am Jan 4, 2013 5:52am
[quote=Turveyd;6338391]Yep utterly pointless,

Put me down for $20 Indrek to be exposed as none profitable and frauding a min of 3Mil by the end of 2014.

hi bud how are you, how are the children. i actually managed a couple of trades earlier and now i am having a read of different threads and sites. I am cracking up laughing at some of the things
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #258
  • Jan 4, 2013 5:59am Jan 4, 2013 5:59am
[quote=track;6338413]I am trying to understand the question.
For instance,

hi bud , i didnt actually read the original question as some things i will not waste my time with, but i believe it may not be free fall but just 130 pips loss and the guy wanted to recoup the loss. I think perhaps the poster was just asking out of curiosity or probably has no trading plan. a couple of solutions have been put forward but i honestly do not think anyone would use real money to solve problem lol.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #259
  • Jan 4, 2013 6:02am Jan 4, 2013 6:02am
thanks for the clarifications.
So many stuff to read and understand. Understand being the
  • #260
  • Jan 4, 2013 6:15am Jan 4, 2013 6:15am
Quoting track
thanks for the clarifications.
So many stuff to read and understand. Understand being the
i wouldnt try to understand as a lot of trading contradicts its self and with experiance you'll see what i mean. like indrek says for instance,some pairs go up and others go down and if you see that some pairs are over bought/sold you can look for entry points when this happens. i like to trade following recent high/low this is very simple and very effective plus inside/outside bars. most indies are not really good but directional movement indicator is quite good as it just shows buyers versus sellers.
i was speaking to a pro trader a few weeks ago and she said that any system can be profitable if you study it and that got me thinking. anyway take care and ask questions
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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