Disliked{quote} UJ Short Trade Update: The second of my 7 trades (5 parts) stopped out for a loss of 739 pips. This leaves 5 trades remaining (5 parts each). {image}Ignored
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- #62,521
- Nov 22, 2013 11:11am Nov 22, 2013 11:11am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #62,522
- Edited 11:48am Nov 22, 2013 11:28am | Edited 11:48am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
Old Pre-PVSRA EJ Short Trade Update:
This has been a real headache, a trade comprised of very lousy decisions (and fortunately very small sized entries) that started quite some time ago, but....in for a pig, in for a poke. I have selectively added to this trade, which is approaching the highs from four years ago that are about 150 pips further up. This week has been a week of notable volume as the price has been pushed to new highs, so maybe, just maybe things are going to change in the near future.
Sonicers, this is not an example of how to trade. It is an example of why to use a sensible SL when you don't have the guts to personally pull the "exit" trigger when it should be pulled. Well, we all make mistakes, and this has been my big one. And every time I look at it, I realize how important it is to take stock of the kind of trading decisions being made, and the rewards or punishments for making them. I still intend to keep this old account trade running until it makes a profit, even if I have to fund the account to do so, because I know the price will come back down and because as many components as this trade has, they are all sized the same and they are very, very small. The money involved in this old trade is not the prime issue, the poor trading decisions are!
This situation cannot be repeated. When I think of the monies, small as they are, that have been tied up instead of making profits elsewhere, it makes me sick. I think I will make a large poster of this chart and hang it on my office wall as a constant reminder, and incentive to do differently.
-tah
This has been a real headache, a trade comprised of very lousy decisions (and fortunately very small sized entries) that started quite some time ago, but....in for a pig, in for a poke. I have selectively added to this trade, which is approaching the highs from four years ago that are about 150 pips further up. This week has been a week of notable volume as the price has been pushed to new highs, so maybe, just maybe things are going to change in the near future.
Sonicers, this is not an example of how to trade. It is an example of why to use a sensible SL when you don't have the guts to personally pull the "exit" trigger when it should be pulled. Well, we all make mistakes, and this has been my big one. And every time I look at it, I realize how important it is to take stock of the kind of trading decisions being made, and the rewards or punishments for making them. I still intend to keep this old account trade running until it makes a profit, even if I have to fund the account to do so, because I know the price will come back down and because as many components as this trade has, they are all sized the same and they are very, very small. The money involved in this old trade is not the prime issue, the poor trading decisions are!
This situation cannot be repeated. When I think of the monies, small as they are, that have been tied up instead of making profits elsewhere, it makes me sick. I think I will make a large poster of this chart and hang it on my office wall as a constant reminder, and incentive to do differently.
-tah
- #62,524
- Nov 22, 2013 11:44am Nov 22, 2013 11:44am
- Joined Mar 2013 | Status: In the learning phase.. | 1,377 Posts
Whatever is obvious is obviously wrong!"
{quote} Master Sonicdeejay, That is a nice, very nice presentation.I have one big problem with it, though..... .....I don't see anywhere that you gave me credit for providing all the examples of what not to do! I worked very hard on them.
Excellent Endeavor, My Dear Friend,
-tah
There is no spoon....
- #62,526
- Nov 22, 2013 12:26pm Nov 22, 2013 12:26pm
{quote} Thanks. But mine doesn't seem to work. {image}
All this has already been explained. Have you searched the forum or on the net?
Newbie trader
- #62,529
- Nov 22, 2013 7:18pm Nov 22, 2013 7:18pm
- Joined Feb 2011 | Status: Trader | 1,825 Posts
It was fun.. Sonic P.S Photo credit to the fotographer.. {image} {image} {image} {image}
- #62,533
- Nov 23, 2013 3:16am Nov 23, 2013 3:16am
- | Commercial User | Joined Mar 2008 | 9,069 Posts
{quote} i ever been to singapore , guess wich one is me {image}
U think u r dude with stone cold killa look..
Sonic
- #62,537
- Nov 23, 2013 4:17am Nov 23, 2013 4:17am
- | Commercial User | Joined Mar 2008 | 9,069 Posts
{quote} How do you define near start/end?
U will get the word "define"
Sonic
- #62,539
- Edited 7:20am Nov 23, 2013 6:48am | Edited 7:20am
- | Commercial User | Joined Mar 2008 | 9,069 Posts
