I don't know what I was doing there. Got stuck with short bias and took oversized trades, with luck, luck and more luck, ended up only with -11. Might take brake for rest of today.
45 Ways to Avoid Losing Money Trading FOREX, by Jimmy Young 46 replies
What's Your Trading Blood Type? 0 replies
Making Sense of FX Broker Stop Loss Policy, By Jimmy Young 4 replies
Essential Elements of a Successful Trader, by Jimmy Young 0 replies
die young 8 replies
DislikedAlready two weeks into July, although still feels like summer have just started... roughly 425 pips gained this month from DAX, had 5 consecutive green days this week. {image}Ignored
Disliked{quote} Keep on rockin my friend....well done. Young blood + young head will live forever! https://www.youtube.com/watch?v=VqsA0ZGaPWMIgnored
DislikedJourney is over... for now. Not being able to cut losers did cost me most fortune of my savings. I am at least glad that not having kids and family to support, plus being 20 year old doesn’t affect anyone of my loss. How further we can drop, I have no clue. I highly doubt I will be able to recover such loss if I cut it right now, I will end up again over exposing my positions. If dax bottom at this point and does similar rally up I still might have a chance to get out at more or less b/e with my current position size. But again I “thought” a lot...Ignored
DislikedJourney is over... for now. Not being able to cut losers did cost me most fortune of my savings. I am at least glad that not having kids and family to support, plus being 20 year old doesn’t affect anyone of my loss. How further we can drop, I have no clue. I highly doubt I will be able to recover such loss if I cut it right now, I will end up again over exposing my positions. If dax bottom at this point and does similar rally up I still might have a chance to get out at more or less b/e with my current position size. But again I “thought” a lot...Ignored
DislikedI am still alive, if that was actually bottom, I might have a chances. But this require recovery of almost whole bloodbath, which I “think” won’t happen anytime soon... But apparently I know nothing. So in a sense I am locked in into position. I can’t add anymore positions, due to margin, I did receive already few positions getting liquidated, initially I should have started reducing positions and fixing entries way earlier, not on third day...Ignored
DislikedJourney is over... for now. Not being able to cut losers did cost me most fortune of my savings. I am at least glad that not having kids and family to support, plus being 20 year old doesn’t affect anyone of my loss. How further we can drop, I have no clue. I highly doubt I will be able to recover such loss if I cut it right now, I will end up again over exposing my positions. If dax bottom at this point and does similar rally up I still might have a chance to get out at more or less b/e with my current position size. But again I “thought” a lot...Ignored
DislikedEgo just got me over, had 4 green weeks, felt like untouchable. But then again, how often such bloodbaths happen... I could deposit something, but I doubt it’s time yet. Can’t be touching my money which goes to daily expenses, that’s to much. I might take a break and pursue “regular” lifestyle, but I always wanted to be independent, not be someone’s employe... or I might continue with that I have left. Either way, that’s a big lesson for me...Ignored