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Account In Jeopardy App Idea
Started Feb 5, 2018|Trading Discussion|12 replies
Hi. I've been trading for 5 years and I just blew up my umpteenth account. Sounds familiar ...
I've flipped back to long. Entered at 1.2389. Unbelievably tight S/L - at 1.2385 because of my unbelievably high lot size relative to account size.
I think EURUSD will come down fast now. Quantitative Easing has been pronounced as being somewhat indefinite - I think that's a very dovish admission.
I ought to have said "If" and not "Except" (opening word). And to complete the line of reasoning, if on the other hand pool A consists of all retail traders (minus institutional ones), this indeed would be a group homogenous with a sample from it in ...
Except in your illustration, by "all forex traders" in pool A is meant ALL i.e. both retail traders (6% of total by account size) and institutional traders (94% of total by account size), then I think your proportionate premise doesn't apply. Why? ...
Just now opened a short trade for a quick scalp at 1.2352 with the tightest of SL - just 5 pips.
image I have to say your skills can be wizardry, Ata. That was a 1-pip near-miss for an escape to earn more and more greens.
* He shifted trailing stop to 1.2325 so I'm thinking why won't he hold.
In as much as the broker instantly earns from the spread in whichever trading direction and on all trades... Right. Okay. Thread is officially wound down.
Yeah. I guess I was looking to preoccupy my head rather than dwell on my painful losses.
Everything you've said here is probably very true. To be honest I see now that my app idea sucks.
That's a thread killer right there, that one is. I hoped for a robust participation amongst traders, many of whom know how to code even.
What you say borders on the standard advice to safeguard one's account from huge drawdown and margin calls: proper money management, reasonable lot sizes, right trade entry points, etc. And yet accounts still get lost all the time. So I guess my app ...
Hi. I've been trading for 5 years and I just blew up my umpteenth account. Sounds familiar ...
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You sure dig deep digger1 - thanks again! Perfect clarity. It's great to learn new fundamental truths in exactly how the FX market is structured.
Can one's pending order get triggered during the over the counter market (if order price gets hit) at a time when one's broker is closed? Ata... Digger1... anyone please answer?