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  • #831,601
  • Sep 2, 2013 10:06pm Sep 2, 2013 10:06pm
Quoting mani77
{quote} $ weak, as war unclear so PA up MY TOT FOREX LOSS: 200Kusd
What's the account balance atm?
The Thief of Wall Street
  • #831,602
  • Sep 2, 2013 10:09pm Sep 2, 2013 10:09pm
Quoting Chicky
{quote} What's the account balance atm?

20k USD
thinking of only trading now after news event in the US SESSION
catch the trend and exit

nt sure if the above will get me back to 200 k from 20 k.
  • #831,603
  • Sep 2, 2013 10:19pm Sep 2, 2013 10:19pm
Quoting mani77
{quote} 20k USD thinking of only trading now after news event in the US SESSION catch the trend and exit nt sure if the above will get me back to 200 k from 20 k.
There is no chance of getting the money back with prudent trading.

The issue is not getting the money back, but if you want to continue trading. if you want your money back, take a wild trade..... This Way or That. But if you want to continue trading, take trades only with 1:10 r/r and at good s/rs risking not more than 1/2% at a time ($100). Don't worry about how long it will take, maybe years, but this what it is.
The Thief of Wall Street
  • #831,604
  • Sep 2, 2013 10:20pm Sep 2, 2013 10:20pm
Quoting mani77
{quote} 20k USD thinking of only trading now after news event in the US SESSION catch the trend and exit nt sure if the above will get me back to 200 k from 20 k.
what? you lost 200k today? demo account?
  • #831,605
  • Sep 2, 2013 10:21pm Sep 2, 2013 10:21pm
Thanxs
  • #831,606
  • Sep 2, 2013 10:23pm Sep 2, 2013 10:23pm
Quoting phoebus
{quote} what? you lost 200k today? demo account?
no real money 200k; over a period of 6 years..but am still hopefull to recover sometime in the near future ; slow and steady
  • #831,607
  • Sep 2, 2013 10:23pm Sep 2, 2013 10:23pm
Quoting mani77
{quote} 20k USD thinking of only trading now after news event in the US SESSION catch the trend and exit nt sure if the above will get me back to 200 k from 20 k.

Seriously...? Withdraw all you can now and forget about trading FX. It - Trading FX - is not for you. The possibility of turning 20 K into 200 K is significantly lower than losing what is left on your balance considering that you weren't really a brilliant trader. Take your money and do something else. Sorry if I sound too harsh but think about what I just said...
  • #831,608
  • Sep 2, 2013 10:31pm Sep 2, 2013 10:31pm
yes math..im considering it....ws thinkin will give it one las shot not repeating pas mistakes...perhaps ill get there in a few months/yrs..
  • #831,609
  • Sep 2, 2013 10:32pm Sep 2, 2013 10:32pm
Quoting mani77
{quote} no real money 200k; over a period of 6 years..but am still hopefull to recover sometime in the near future ; slow and steady
if you really want to trade, trade with 1K first. if you can turn that 1k to 2k in a year, then add another 2k to it. if you can turn 4k to 8k in a year, add another 8k one year later. if you cannot double your account in a year, do not add money to it.
  • #831,610
  • Sep 2, 2013 10:32pm Sep 2, 2013 10:32pm
Quoting mani77
{quote} 20k USD thinking of only trading now after news event in the US SESSION catch the trend and exit nt sure if the above will get me back to 200 k from 20 k.
1. first of all forget recovering lost money ( recovery attempt may lead to loss than profit )
2. don't use leverage at least for next 3 month,
3. gradually increase leverage
Mohan
  • #831,611
  • Sep 2, 2013 10:32pm Sep 2, 2013 10:32pm
currently screwed in the euro.. got stops belo 31.50...
  • #831,612
  • Sep 2, 2013 10:34pm Sep 2, 2013 10:34pm
Quoting mohan76
{quote} 1. first of all forget recovering lost money ( recovery attempt may lead to loss than profit ) 2. don't use leverage at least for next 3 month

sure thing..
phew...
  • #831,613
  • Sep 2, 2013 10:38pm Sep 2, 2013 10:38pm
Quoting mani77
{quote} no real money 200k; over a period of 6 years..but am still hopefull to recover sometime in the near future ; slow and steady
6 yrs & still loosing follow Math_GB advice & quit
A good trader follows his rules, but great trader knows when to break them
  • #831,614
  • Sep 2, 2013 10:41pm Sep 2, 2013 10:41pm
Quoting mani77
yes math..im considering it....ws thinkin will give it one las shot not repeating pas mistakes...perhaps ill get there in a few months/yrs..
I seriously doubt that you will repeat past mistakes as I am absolutely sure that you will be able to conjure up completely new mistakes

It takes a lot for me to IGNORE you, but you can try.
  • #831,615
  • Sep 2, 2013 10:44pm Sep 2, 2013 10:44pm
Quoting flam
{quote} from the looks of it.. it might go to 1.3144 before retracing... not sure if 1.32717 will still be valid then but minimally, 1.3222 should be a valid location.. still using the same chart from below... {quote}

But we never got the valid cross, 3271 valid if 3172 holds
  • #831,616
  • Sep 2, 2013 10:46pm Sep 2, 2013 10:46pm
Quoting ill_be_back
{quote} 6 yrs & still loosing follow Math_GB advice & quit
or buy at 1.3180 with full leverage, no sl and no tp, go to bed, check after 8 hours.
The Thief of Wall Street
  • #831,617
  • Sep 2, 2013 10:48pm Sep 2, 2013 10:48pm
Quoting Chicky
{quote} or buy at 1.3180 with full leverage, no sl and no tp, go to bed, check after 8 hours.
Chicky did you wrote this
Mohan
  • #831,618
  • Sep 2, 2013 10:49pm Sep 2, 2013 10:49pm
Quoting phoebus
{quote} if you really want to trade, trade with 1K first. if you can turn that 1k to 2k in a year, then add another 2k to it. if you can turn 4k to 8k in a year, add another 8k one year later. if you cannot double your account in a year, do not add money to it.
I second that with 25k start with minis...You still have plenty of capital to learn how to trade....btw what is your trading style how do You trade?? Scalping long term combination thereof?
  • #831,619
  • Sep 2, 2013 10:49pm Sep 2, 2013 10:49pm
Quoting Chicky
{quote} or buy at 1.3180 with full leverage, no sl and no tp, go to bed, check after 8 hours.
you are a bad guy chicky
  • #831,620
  • Sep 2, 2013 10:52pm Sep 2, 2013 10:52pm
Quoting Chicky
{quote} or buy at 1.3180 with full leverage, no sl and no tp, go to bed, check after 8 hours.
Pending BUY triggered @ 1.3175
A good trader follows his rules, but great trader knows when to break them
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