Pride always comes before destruction.... -Proverbs 16:18
it's the fun part about all of this....at the end of the day, somebody's gonna win and somebody's gonna lose. The big boys are going to line up their losers and then win against 'em. They do it all the time.
(
please make sure to note I was just sharing my opinion too....you know, those things that everybody has that could use a regular washing like the other hole they're correlated with frequently )
...all about the money management right now IMHO. That done well will cause you to win regardless of how the market moves against you.
I view winning differently - I don't particularly how long I have to hold a trade. Drawdown is an unrealized loss (You only officially win or lose when you buy or sell, and since you're at a loss when you buy or sell to cover spread, this is really a jacked up scenario from the confirmation click) , so, as long as money management is supremely executed with every trade, the reality is the market can't catch you, and if it does so suddenly that you can't get out of it, your FX account balance won't mean much anyway. Something has happened that you'll be a lot more worried about anyway.
(
please make sure to note I was just sharing my opinion too....you know, those things that everybody has that could use a regular washing like the other hole they're correlated with frequently ) ...all about the money management right now IMHO. That done well will cause you to win regardless of how the market moves against you.
I view winning differently - I don't particularly how long I have to hold a trade. Drawdown is an unrealized loss (You only officially win or lose when you buy or sell, and since you're at a loss when you buy or sell to cover spread, this is really a jacked up scenario from the confirmation click
) , so, as long as money management is supremely executed with every trade, the reality is the market can't catch you, and if it does so suddenly that you can't get out of it, your FX account balance won't mean much anyway. Something has happened that you'll be a lot more worried about anyway.
"Holy Grail" exists - accepting where is the first step.
- #76,827
- Apr 28, 2014 4:34pm Apr 28, 2014 4:34pm
I view winning differently - I don't particularly how long I have to hold a trade. Drawdown is an unrealized loss (You only officially win or lose when you buy or sell, and since you're at a loss when you buy or sell to cover spread, this is really a jacked up scenario from the confirmation click
Margin Call?
- #76,828
- Apr 28, 2014 4:45pm Apr 28, 2014 4:45pm
- | Membership Revoked | Joined May 2008 | 3,395 Posts
The Market pays you to be disciplined
- #76,830
- Apr 28, 2014 5:36pm Apr 28, 2014 5:36pm
- | Membership Revoked | Joined May 2008 | 3,395 Posts
The Market pays you to be disciplined
- #76,832
- Edited Apr 29, 2014 5:01am Apr 28, 2014 8:17pm | Edited Apr 29, 2014 5:01am
- Joined Feb 2012 | Status: Trader | 5,619 Posts
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
- #76,840
- Apr 28, 2014 11:45pm Apr 28, 2014 11:45pm
- Joined Mar 2007 | Status: Symbol | 2,788 Posts
FF journal: Peaks and Troffs