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Can I recover trades with only 10% equity left? Please help!

  • #21
  • Nov 27, 2014 8:37am Nov 27, 2014 8:37am
Quoting tunera
{quote} I think so, it is really improbable that somebody with 900k lose 90% of the account in that way, this is "normal" for small traders, but anybody trading big money would never ever allow that to happen, so.. Just time wasting

doubt someone with a Demo would panick so much and post on 2 different thread asking for help, this guy is in shit and he is panicking, hes a fund manager probably managing funds for investors, this is not new.
I am what Many Dream to be but only a few can achieve, im a part of the 1%
  • #22
  • Nov 27, 2014 8:38am Nov 27, 2014 8:38am
Quoting Soros
{quote} how do you know?

It is a real account - if it werent I wouldnt waste my time posting on a thread here now would I?

Soros , I agree about adding funds if I do get more funds I can add, I am not in a hurry to finish this account and have time I just need to make it work and get it done before the market moves away from me
  • #23
  • Nov 27, 2014 8:39am Nov 27, 2014 8:39am
First off to clear that it is a real account take a screen shot of the whole mt4 screen.

Second id suggest leave the trades as they are. jpy pairs only long, try to get out at break even.
Only take long xau positions with your remaining equity. if you need help start with first step then ill suggest how to trade xau
  • #24
  • Nov 27, 2014 8:42am Nov 27, 2014 8:42am
Quoting Verve
First off to clear that it is a real account take a screen shot of the whole mt4 screen. Second id suggest leave the trades as they are. jpy pairs only long, try to get out at break even. Only take long xau positions with your remaining equity. if you need help start with first step then ill suggest how to trade xau
lol why must he do that now, it wont change the situation, youre just waisting his time lol, he needs help, he doesnt need to prove anything.
I am what Many Dream to be but only a few can achieve, im a part of the 1%
  • #25
  • Nov 27, 2014 8:43am Nov 27, 2014 8:43am
How come he's only panicking now those eu positions have been in the red for weeks. The trade size is not safe, its a real pickle but since his eu positions are partly hedged its all about getting out of the gpbjpy positions to free up margin, then trade something you know. i know xau so can assist with trade calls. can you tell us your time frame to regain the capital, like do your clients want to withdraw in 3 months, or a year. I thought i had problems, im willing to help however i can
  • #26
  • Nov 27, 2014 8:44am Nov 27, 2014 8:44am
Quoting Soros
{quote} lol why must he do that now, it wont change the situation, youre just waisting his time lol, he needs help, he doesnt need to prove anything.
sure he does, maybe its some duke trying to get all of us to panic and show our skill at saving a losing account and voila you have yourself a winning strategy
  • #27
  • Nov 27, 2014 8:52am Nov 27, 2014 8:52am
Quoting Soros
{quote} lol why must he do that now, it wont change the situation, youre just waisting his time lol, he needs help, he doesnt need to prove anything.
Exactly - look everyone I want to make a few things clear

1. It is a REAL Account - I am trying to figure a way out of it thats why I am posting for help

2. I dont want to close all and start again because it would take longer to trade again up to that level again but if unhedged correctly every 100 pips can get me back easily 5 - 10 % back on my account

3. If you can help me please lets use this thread to help me out of it
  • #28
  • Nov 27, 2014 8:54am Nov 27, 2014 8:54am
ouch Bender really sorry don't really know what to say I would try to get out of those trades when the EUR retraces and enter shorts as others have said..... for what it is worth on any given trade I always enter with SL and Target as I place the trade and never risk more than 1 % per trade.... ironically there are times when the stops seem to do everything BUT protect, as in my case I would have lost almost no trades if I had traded without stops but at the end of the day in my opinion it is the only safe way to do it.....you have a large enough account to place really small % trades and that is what I would do every .25 % won is that much closer to recovery...... place long trades against the USD/JPY IMO I think the yen will still weaken further.....how do you determine your entry levels and targets..... are you using moving averages or fib levels...?? choose your favourite strategies and stick to your trading rules even though you are desperate to recover do not enter unless ALL your conditions for the given strategy are met..... sorry none of this is probably really helpful but hope you do recover your losses.... I am sure it can be done but it will take a lot of patience and a lot of discipline..... and if you have missed a move don't try and get in wait till it pulls back and get in then....
  • #29
  • Nov 27, 2014 8:54am Nov 27, 2014 8:54am
ouch Bender really sorry don't really know what to say I would try to get out of those trades when the EUR retraces and enter shorts as others have said..... for what it is worth on any given trade I always enter with SL and Target as I place the trade and never risk more than 1 % per trade.... ironically there are times when the stops seem to do everything BUT protect, as in my case I would have lost almost no trades if I had traded without stops but at the end of the day in my opinion it is the only safe way to do it.....you have a large enough account to place really small % trades and that is what I would do every .25 % won is that much closer to recovery...... place long trades against the USD/JPY IMO I think the yen will still weaken further.....how do you determine your entry levels and targets..... are you using moving averages or fib levels...?? choose your favourite strategies and stick to your trading rules even though you are desperate to recover do not enter unless ALL your conditions for the given strategy are met..... sorry none of this is probably really helpful but hope you do recover your losses.... I am sure it can be done but it will take a lot of patience and a lot of discipline..... and if you have missed a move don't try and get in wait till it pulls back and get in then....
  • #30
  • Nov 27, 2014 8:57am Nov 27, 2014 8:57am
If you know anything about options, you could remove a large portion of your portfolio & replace the positions with options. Requires much less capital & greatly reduces the risk of loss. If not familiar with options, probably not the best time to "get your feet wet" learning.
  • #31
  • Nov 27, 2014 9:04am Nov 27, 2014 9:04am
OK...the situation is critical...so...i will do the following:

- STOP HEDGING: i think itīs the worst thing a retail trader can do...
- DO NOT ADD FUNDS: you already lost 800k, and you want to add fund!! you have to be realistic..
- ACCEPT YOU HAVE LOST 900k...if you will close now, you will have lost 800k. make a step further and accept (in your mind) that you blow out your account...because i think that is going to happen anyway if you continue trading

Once this is said, letīs face it:

EU:
- your average long position is at 1.3524
- your average short position is at 1.2697

I will close all my short NOW at 1.2497, with a 200pips win
I will change the TP of all long position at 1.3324, with a 200pips loss

no need to put a SL, your account will be definitely blow out if EU retest the lows of this week/month/year...

If (and is a big if) EU goes to test SMA20 (monthly), you will exist your position (before cost of swap) on even..

just my 2 cents, take it for that...at this point, itīs a big lottery...

Good luck anyway
  • #32
  • Nov 27, 2014 9:07am Nov 27, 2014 9:07am
@BenderTrader

Can you tell us how you managed to get into that mess anyway..did you overleveraged?

800k account, damn you should have hedged all your positions with buying PUT Options if nothing else..
  • #33
  • Nov 27, 2014 9:08am Nov 27, 2014 9:08am
How about closing your winning eur trades, close your losing gbp and enter 10 long, also 20 long usdjpy, with xau vote it could go long or do nothing, so try enter when a m15 vol bar (2x previous) comes out of 1194 area. 1190-1194 is a buy zone imo then place 2 lots every 20 pips. So that mon am there could be a spike up or nothing, if nothing, close all positions.
This is gambling now, we are advising you to take risks, so perhaps take views from several traders about direction of a product. Like is said if you close your eur shorts, then what if it tanks for the next week. Ill need to mull this over a bit. But my thinking is trying to get you in winning trades and hope that eur recovers to 1.28 then exit your 1.36 longs
  • #34
  • Nov 27, 2014 9:10am Nov 27, 2014 9:10am
Quoting be water
OK...the situation is critical...so...i will do the following: - STOP HEDGING: i think itīs the worst thing a retail trader can do... - DO NOT ADD FUNDS: you already lost 800k, and you want to add fund!! you have to be realistic.. - ACCEPT YOU HAVE LOST 900k...if you will close now, you will have lost 800k. make a step further and accept (in your mind) that you blow out your account...because i think that is going to happen anyway if you continue trading Once this is said, letīs face it: EU: - your average long position is at 1.3524 - your average...
good thinking, i would advise entering jpy longs ??
  • #35
  • Nov 27, 2014 9:10am Nov 27, 2014 9:10am
Turning 10% back to 100% - the same as turning 100% into 1000%. To do this safely would take a pro trader a long time. And for a pro trader to do it quickly would be very risky, perhaps gambling... What do you think your chances are? This is a reality check. I would close all positions and take the hit. The fact that you have (I assume) gone from 100% to 10% in such a short period of time implies a 'get rich quick' scheme.. Or in your case a 'get richer' quick scheme. This does not exist in trading. Get out, give your self time to climatize to the damage. Learn how to trade safely. Then start back. Or throw your last 10% in the bin.
  • #36
  • Nov 27, 2014 9:12am Nov 27, 2014 9:12am
its abit early for April fool jokes
don't know much about Thanksgiving as we don't do it in the UK
(seems abit pointless anyway eating Turkey less than one month before Christmas)

do they do Thanksgiving fool jokes in the US (although no joke for the poor Turkey)
becuz a 700k loss seems abit too bad to be true
  • #37
  • Nov 27, 2014 9:12am Nov 27, 2014 9:12am
it makes no snese talking about "what should have been done", it hasnt done
it makes sense "what should be done"

this is a "camel step procedure" using 10% bulit back to >75%
My Best Trade is Next Trade!
  • #38
  • Nov 27, 2014 9:12am Nov 27, 2014 9:12am
Quoting be water
OK...the situation is critical...so...i will do the following: - STOP HEDGING: i think itīs the worst thing a retail trader can do... - DO NOT ADD FUNDS: you already lost 800k, and you want to add fund!! you have to be realistic.. - ACCEPT YOU HAVE LOST 900k...if you will close now, you will have lost 800k. make a step further and accept (in your mind) that you blow out your account...because i think that is going to happen anyway if you continue trading Once this is said, letīs face it: EU: - your average long position is at 1.3524 - your average...
If his average Long price is 1.35 a PUT option with that strike price equivalent to 1 Lot is 12,500.00 $

http://www.barchart.com/commodityfut...5?mode=i&view= (Option expiry June 2015)

@OP Hedge with options if you have any money left to cover the cost of Options, and know how...
  • #39
  • Nov 27, 2014 9:12am Nov 27, 2014 9:12am
3 simple options

close all

average into your losers

add funds and bear the draw down indefinitely

i doubt you have the skill or fortitude to close your shorts on rallies since you took a 1000 pip loss with out a stop

most likely this is just bullshit attention seeking

Quoting BenderTrader
Shorted the Geppy at around 181.75 - sitting with major loss now What do you guys think?
Quoting BenderTrader
About 20 % loss on equity at the moment
this was on november 11th 2014

Quoting BenderTrader
Hi EU trade was in profit yesterday, now in the red, but holding it still...I usually set TP at 150 pips and trail from there Let me know which pairs you are using this on {image}
this was when price was at 3434

Quoting BenderTrader
{quote} ... risk is very important ...
this guys is a joke
  • #40
  • Nov 27, 2014 9:27am Nov 27, 2014 9:27am
Friend, you are in real shit, but still you can recover as there is a balance. Since you have hedged all your positions, you lose no more. Now stop doing anything and study the charts. EUR is sitting on monthly 200 ema it looks like it would hold some times. Stochastic is at almost 0 level. Check the positions next week. if monthly bar shows a doji, there is a possibility to go up a little. trend is trying its best to break the Watch 4 hr charts now. if present trend is holding at 1.2550 level and meet with strong resistant, 1.2400 ; 1.2350. If 1.2550 holds well, take out your buying position and bear the loss. If it breaks that level watch 1.2800 and do as advised above. There is a strong possibility for the pair to come down and test 1.2400 level. at that time take out your selling positions. If the pair breaks 1.2800 level, take out the buying positions and watch 1.3000 level and take out the selling positions. What I mean is consider minimizing the loss. If you do that carefully you may be able to bring the balance to about 150 - 200. How ever you have to know price actions other signals to identify where the price may hold to close your position. Watch news forecast for next week on Monday. If the forecast is bad for USD, the market may price it and would go uo a bit. If bad, may go down a bit. Use such an opportunity to close your positions and come out. I suggest you do what ever before non farm payroll release and try to come out from this mess. GET THE HELP FROM A FRIEND WHO KNOWS BETTER THAN YOU.

If not, watch after non farm payroll and see when you can come out. Once you clear the trades, stop trading for one or two weeks and study the market. Then start trades with 10 usd lots. I
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