Just realized profit at US$ 106,995.99. Making +0.42%. I do not know how it would react from there and it seemed good to realize some profit at this point. I do not know what will happen from now, I may reenter this trade if it proves to be a ...

Bitcoin (BTCUSD)

Is Bitcoin about to explode or is it about to crash ? I do not know. But I am ready for it: image

Bitcoin (BTCUSD)

Take profit hit. It went through the roof! ️ image This was very good! Stronger than expected. And if you are wondering, I just profited 2% on this trade. But my deposit is not big.

Bitcoin (BTCUSD)

Trying another trade. I do not know if it will have enough power to break through, but I will give it a chance: image Risk reward is 1:2. Stop loss will be changed as trading develops. Take profit is fixed.

Bitcoin (BTCUSD)

Take profit hit. image But I admit I made some bad and suboptimal decisions in this setup. I will seek to improve that on my next trades. I am not professional or making a living with this, then I have a lot to learn. And one of the most difficult ...

Bitcoin (BTCUSD)

Hit stop loss. But I am not surprised. It seemed too weak to keep a bullish momentum. It may go downhill from now, below US$ 100,000.00. I am going short from now, at US$ 102,532.45. Stop loss at US$ 106,700.00. Take profit at US$ 101,000.00. I am ...

Bitcoin (BTCUSD)

I am long since US$ 103,577.29. Stop loss at US$ 102,900.00. Take profit at US$ 104,500.00. image Two possible outcomes: image image

Bitcoin (BTCUSD)

I am short since US$ 110,154.50 and I will double the bet if it touches there again. Stop loss at US$ 110,600.00. Take profit undefined. After many attempts of a failed breakout I just gave up buying. Even if it does break resistance I do not think ...

Bitcoin (BTCUSD)

I hate when this happens: image And the problem is if you strictly respect stop loss and take profit levels you may experience more losses than you should. In this case I cannot accept closing this trade at a loss just to respect stop loss and ...

EUR/JPY

And it did go up. After I decided to close my positions at a LOSS. This is FOREX. If you are not willing to lose you do not deserve to profit. image If I had enough DISCIPLINE I could have made a considerable profit in this trade. One more lesson ...

USD/JPY Discussion

Please, tell me it is going to go up again. I am taking considerable losses. image I was just trying to scalp the news. I had no intention of keeping in this trade long term. And now I am stuck. One more lesson learned. And it is money I can lose, ...

USD/JPY Discussion

Well, it did NOT recover. And I had to learn more about risk management this time. I gave up going against the trend, opened a buy position and I could recover some part of the loss. Made some profitable trades after that and my account is positive ...

I lost everything! 😭

Unfortunately, this is because people do not have idea of how big one lot really is. For Bitcoin, for example, one standard lot is one whole Bitcoin, for a contract size of 1. Then buying one lot of Bitcoin would be equal of holding 1 whole BTC, ...

I lost everything! 😭

It will recover. If not, it is experience for another try. I am not doing over leveraged trades anymore. That is too risky and foolish, I have to agree.

I lost everything! 😭

I hope so. I am short since 1.0679, but this thing is skyrocketing. I am taking considerable losses: image

EURUSD only

For those who were worried about huge spread fluctuations, I can attest it is not much different from demo, at least on the broker I am testing (XM). This was the spread for the EUR/USD during the recent news event: Minimum: 10.00; Maximum: 136.00; ...

I lost everything! 😭

First, thanks for answering. And yes, I agree this is risky. But as I said, it is an experiment I am doing. I have another strategy that is way less risky and is focused on the long term. And that is what I am using to trade daily. I am patiently ...

I lost everything! 😭

And this was the spread in live during the recent news for the USD/CAD: Minimum: 17.00; Maximum: 143.00; Average: 48.23 I did not trade this time because I decided to check how the spread would behave. And this was the result. I do not know exactly ...

I lost everything! 😭

Obviously, making 5, 10%+ in a single trade is only possible with small capital. It is easy to say that you should risk only 0.001% per trade when you have millions or billions in your trading account. Because 0.001% of one billion is 10000. ...

I lost everything! 😭

The only way to check this is by going live. And yes, it can be a lot different from demo, especially in such market conditions. And that is what I expect to do next week. Then we will see how the real problem is.

I lost everything! 😭