Buy trade @ 1522.48 with pending orders @ lower level
Aussie Battler
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DislikedNice spike on AUD thanks to RBA....Closed buy trades so a few shillings in my pocketIgnored
DislikedFor you US guys who can't hedge with same broker, why not just have a second broker? I'm not convinced by hedging myself, if the trade is going against you why stick with it? Like Aussi says "dont get caught on the wrong side of a trade" ...... Good luck this week to all.....sunny in beautiful 'spacious' France!Ignored
Disliked{quote} Bonjour! Well, to answer your question, first, to have second broker requires another fund. 2nd, your not convinced in hedging? You can use that in scalping. Sometimes when your day trade are loosing, you can still be profitable by using bigger lots in scalping going and against your trade. 3rd, why stick with it when it's against you? If you close it, you automatically loose. If you wait, you may recover and still win. Nobody is sure. Just like, if you are sure it wont go your way, why not trade the opposite way? But this are just my style....Ignored
Disliked{quote} It's ok to lose .....you can't win them all...ok maybe a few players manage to win most but it's because they have large bank accounts and use the stats to wait for a 'reversal' I see you like Nostradamus, I don't think he could predict the future, nobody can BUT we can use 'high probability' in our favour Good luck to you too, God bless America!Ignored
Disliked{quote} my question is when do you cut a trade thats losing how long do you waitIgnored
Disliked{quote} I guess that's down to your experience, ability to withstand drawdown, what sort of account you're trading etc ie in my SIPP I can tolerate losing shares for months, maybe years as I don't need the money for a long time....but actually I'm starting to think you should cut them losers at 10% down regardless... trading with these cowboys in the bucket shops I'm more inclined to cut my losers after 5 minutes or less but you need to watch the 1 min/5 min chart for that Wise man told me a long...Ignored
Disliked{quote} dont agree with the wise man hes a broker , 5mins do you believe thats enough and after you have got rid of them how many did close with profitIgnored
Disliked{quote} Im about 10/15 pips eur and 30 to 50 gold.....the difference down to volatility and chance of target being hit. I also dont have a large account so minimising dd and losses is key for me!Ignored
Disliked{quote} dont agree with the wise man hes a broker , 5mins do you believe thats enough and after you have got rid of them how many did close with profitIgnored
Disliked{quote} my question is when do you cut a trade thats losing how long do you wait i would like to know from traders this question now yes i have large account i am now after to day holing 7 trades all gold sells all are positive swaps reason for holding i believe when all the sht around the world calms down it will fall i am hold some try and zar positive swaps again holding longer term i did get rid of 3 todayIgnored
Disliked{quote} yeah good question.....I haven't got the stats but I can't yet predict when something is going to 'turn'.......maybe you have a secret 'water diviner'? Let's take Jp1's Euro, 2017 it went up throughout the year so the bulls were laughing, then come 2018 it went down pretty much all year so the bulls got mullered...Ignored
Disliked{quote} You added to the post since I first read it! So now it's more interesting Gold fascinating stuff, rumour is that the bankers have been holding the value down deliberately for a very long time now, what happens if this is a 'sea change' and what we're about to experience is the new GOLD BULL!!!??? Central bankers globally are in trouble, particularly the ECB and Trump appears to have taken a disliking to Powell all of a sudden.. Bring back the Gold standard!Ignored