Very much interested
- | Membership Revoked | Joined Apr 2015 | 880 Posts
It is the dust where you came from & it is the dust where you shall return
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Short Term / Medium Term / Long Term? 3 replies
DislikedOh ya.. a loser for a straight 400 pips turn with no real hiccups on the way to get out for minimal loss... BUT, it's ok.. the cure is "Patience" and "risking wise". {image}Ignored
Disliked{quote} this was pure luck that you came out with a little loss letting it run to -400pips. in the long run you will end up loosing it all. i have a lot of experience in trading forex, so its a warning for newbies. dont be naive and let losses uncontrolled run! in the first years i tried also these kind of experiments like the thread starter does with good intentions hopefully, but it will end up in a mess for sure! always keep in mind "trading is risk controlling"Ignored
DislikedI wish you the best luck Tycoon .... just remeber....."The market can stay irrational longer than you can stay solvent." John Maynard KeynesIgnored
Disliked{quote} I have no problem with closing such trades at -400 if it's called for to get out. I do take losses, large and small, but, one thing I don't do, and that is to exit prematurely. I showed this example for the folks to know the worst kinds of possible scenarios, to be prepared and know.. therefore to risk wisely and little and never ever lose sight of MM. This is definitely not a thread for newbies.. and I can tell you are not as experience as you sound (no offence), just stating the obvious. When you trade long term you can not play it too...Ignored
Disliked{quote} ok now after your last statement i am sure you maybe have red some trading books, but you have lack of experience in practive. you have some responsibility here, many other trader want to learn something or listen to you. but what you are talking here makes no sense in practice(no offence). anyway good luck, trading is a tough game. but letting losses run to more than -400 pips will not work in the long run.Ignored