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  • #1,051,241
  • Jan 20, 2016 2:31pm Jan 20, 2016 2:31pm
Quoting JustAndy
{quote} I wonder how come he didn't get a margin call since his equity is under 50% of his balance.
25% cut off..
When Scalpers win, I lose and Vice varsa...
  • #1,051,242
  • Jan 20, 2016 2:31pm Jan 20, 2016 2:31pm
Quoting Goldflake
{quote} where? and why i'm seeing $5000 as deposit amount instead of $50 ? {image}
That's the cent account. $5000 cent = $50
buying tops / selling bottoms
  • #1,051,243
  • Jan 20, 2016 2:34pm Jan 20, 2016 2:34pm
Quoting Ken A
It's cent bonus account $50 x 100 cent = $5,000 (fake money) {image}
Quoting voty
{quote} That's the cent account. $5000 cent = $50
Thank you...

Since yesterday, i have been thinking like..who's dis idiot taking risk like dis???

Now my doubts cleared....newbie...
When Scalpers win, I lose and Vice varsa...
  • #1,051,244
  • Jan 20, 2016 2:37pm Jan 20, 2016 2:37pm
Quoting voty
{quote} That's the cent account. $5000 cent = $50

And I was feeling sorry for the kid, sod it.
A contrarian; I always disagree.
  • #1,051,245
  • Jan 20, 2016 3:08pm Jan 20, 2016 3:08pm
Quoting Goldflake
Just look at this one... 20 more pips down -- > margin call !! http://www.forexfactory.com/smarterisa#acct.28

Goldflake sorry for intervening but I have to say a few things.
You can all criticise his way of trading all the way, we can all do. But we should at least respect him for showing what he has been doing.
I see so many traders here, talking about the profits they made, the smileys in their posts but in reality we don't know whether he/she has actually taken the trade. What I feel is, so many people lie about the profits they make here. I know this for a fact because I have been lying to my family and friends about the success I have with currency trading.
I am now opening my whole account history for everyone to see.

It is true that since December I have been recovering but the truth is I lost 60 K since I started trading until December 2015. I am now -38 K.
Trading with leverage is not an easy thing and many of us lose money. So I believe it is not cool to make fun of someone's losses where you don't even have a demo explorer to show us what you are doing. Please do not feel offended. He is - the guy that is about to lose his account - more of a trader than many people here in my eyes.
  • #1,051,246
  • Jan 20, 2016 3:08pm Jan 20, 2016 3:08pm
Quoting goldfinch
{quote} And I was feeling sorry for the kid, sod it.
Still pretty sad to trade 3 * 50 lots (0,5 lots) with only that kind of money in the bank. Doomed to fail. I wonder where it went wrong.
  • #1,051,247
  • Jan 20, 2016 3:21pm Jan 20, 2016 3:21pm
Quoting Connors
{quote} Goldflake sorry for intervening but I have to say a few things. You can all criticise his way of trading all the way, we can all do. But we should at least respect him for showing what he has been doing. I see so many traders here, talking about the profits they made, the smileys in their posts but in reality we don't know whether he/she has actually taken the trade. What I feel is, so many people lie about the profits they make here. I know this for a fact because I have been lying to my family and friends about the success I have with...

You make the same mistake the other kid is making, you add 5 lots once your original is down 15 pips and keep adding 5 lots every 15 pips. You get to the point where you can't afford to close any, you reach a point of no return and all you can do is pray.

Don't add to losers, admit your mistake and close your trade, don't try to average down ignoring what the market is telling you.

Your losers are 5 times the size of your winnners, you need to run at 80-90% accuracy just to break even.

Stop focusing on your winners, you need to spend some serious time on your losers, that is what is killing your account, every time you have a loss you need 5 winners to get back to BE. Cut them early, don't hang onto them as you are doing now.
A contrarian; I always disagree.
  • #1,051,248
  • Jan 20, 2016 3:24pm Jan 20, 2016 3:24pm
what a mess!
  • #1,051,249
  • Jan 20, 2016 3:25pm Jan 20, 2016 3:25pm
Quoting goldfinch
{quote} You make the same mistake the other kid is making, you add 5 lots once your original is down 15 pips and keep adding every 15 pips. Don't add to losers, admit your mistake and close your trade, don't try to average down ignoring what the market is telling you.

Goldfinch, you may be right but I have a level that I rely on and am waiting for the close of the day to make the decision. 1.0969 is crucially important to me for the rest of the week, if I am wrong I am wrong but I would like to take the risk and wait for the close. Anything above 1.0925 is pretty good for me.

My point in my post was, it is not cool to make fun of someone's losses when you have nothing to show. That's all.
  • #1,051,250
  • Jan 20, 2016 3:27pm Jan 20, 2016 3:27pm
Quoting Connors
{quote} Goldfinch, you may be right but I have a level that I rely on and am waiting for the close of the day to make the decision. 1.0969 is crucially important to me for the rest of the week, if I am wrong I am wrong but I would like to take the risk and wait for the close. Anything above 1.0925 is pretty good for me. My point in my post was, it is not cool to make fun of someone's losses when you have nothing to show. That's all.

If you have to wait for the close, why add every 15 pips, stop lying to yourself. Look in the mirror and be honest. Don't add a trade until you have decided on the faith of the trade you are already running.

Watch your stops, either a timed one, if it doesn't go anywhere in say a few minutes if the you trade the M5 or a few hours, if you trade the daily, close it. Use a hard stop, a point where you would actually open a trade in the opposite direction, that is your SL.

By all means add to a winner, use the market's money, your profit to double up, to add to your winner, to the extent of your profit, that is how you compound intraday.
A contrarian; I always disagree.
  • #1,051,251
  • Jan 20, 2016 3:30pm Jan 20, 2016 3:30pm
Quoting mkvy
what a mess!
Are u pointing @ EU tight range or discussion about a kid here ?
When Scalpers win, I lose and Vice varsa...
  • #1,051,252
  • Jan 20, 2016 3:38pm Jan 20, 2016 3:38pm
Quoting goldfinch
{quote} If you have to wait for the close, why add every 15 pips, stop lying to yourself. Look in the mirror and be honest. Don't add a trade until you have decided on the faith of the trade you are already running. Watch your stops, either a timed one, if it doesn't go anywhere in say a few minutes if the you trade the M5 or a few hours, if you trade the daily, close it. Use a hard stop, a point where you would actually open a trade in the opposite direction, that is your SL. By all means add to a winner, use the market's money, your profit to...

Goldfinch I am really trying to exercise what you are saying at this very moment. It is not easy man, I am sometimes stubborn or thick headed and I keep forgetting I am on high leverage.

But I agree with everything you say. I intend to trade daily and all of a sudden find myself trading 5M charts The market just has an illusion and it is dragging me to places I never wanted to go. I am not a senior currency trader man, I believe these things take time.
  • #1,051,253
  • Jan 20, 2016 3:38pm Jan 20, 2016 3:38pm
Quoting Connors
{quote} Goldflake sorry for intervening but I have to say a few things. You can all criticise his way of trading all the way, we can all do. But we should at least respect him for showing what he has been doing. I see so many traders here, talking about the profits they made, the smileys in their posts but in reality we don't know whether he/she has actually taken the trade. What I feel is, so many people lie about the profits they make here. I know this for a fact because I have been lying to my family and friends about the success I have with...
I do not want to hurt anybody here..But been watching his TE as he is on top of the table using highest lots.. After seeing his TE with such balance, my mind was like WTF...?? IF you are trading with such balance, either you are experienced or fool to take such risk...But... But i came to know just an hour ago that it was cent account...

In trading, If you criticize some one next time they come hard and hard by learning their mistakes...
When Scalpers win, I lose and Vice varsa...
  • #1,051,254
  • Jan 20, 2016 3:39pm Jan 20, 2016 3:39pm
Quoting Goldflake
{quote} Are u pointing @ EU tight range or discussion about a kid here ?
Sweet eyes please be
  • #1,051,255
  • Jan 20, 2016 3:40pm Jan 20, 2016 3:40pm
Quoting Goldflake
{quote} I do not want to hurt anybody here..But been watching his TE as he is on top of the table using highest lots.. After seeing his TE with such balance, my mind was like WTF...?? IF you are trading with such balance, either you are experienced or fool to take such risk...But... But i came to know just an hour ago that it was cent account... In trading, If you criticize some one next time they come hard and hard by learning their mistakes...

I hope he will
  • #1,051,256
  • Jan 20, 2016 3:44pm Jan 20, 2016 3:44pm
Quoting Ken A
{quote} I am in Crude, DAX, SP and 225
Greedy. I don't trade 225
Crude always nice from the low
Timing as always
  • #1,051,257
  • Jan 20, 2016 3:48pm Jan 20, 2016 3:48pm
Tomorrow a quick spike below 1.08 and up...anybody??
When Scalpers win, I lose and Vice varsa...
  • #1,051,258
  • Jan 20, 2016 3:52pm Jan 20, 2016 3:52pm
Quoting Goldflake
Tomorrow a quick spike below 1.08 and up...anybody??
let's see what Marios impact will be, chance is as high that we see a quick spike below 1,08 and then really down ... I will watch it :-)
  • #1,051,259
  • Jan 20, 2016 3:52pm Jan 20, 2016 3:52pm
Quoting MaxDoom
{quote} Greedy. I don't trade 225 Crude always nice from the low Timing as always
Crude already closed 80% due to this and don't want to take the chances

Oil Slides After API Reports Double Expected Inventory Build
  • #1,051,260
  • Jan 20, 2016 3:56pm Jan 20, 2016 3:56pm
Quoting Dalchow
{quote} let's see what Marios impact will be, chance is as high that we see a quick spike below 1,08 and then really down ... I will watch it :-)
A good trader follows his rules, but great trader knows when to break them
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