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Going all in on a trade

  • #21
  • Sep 25, 2016 12:35am Sep 25, 2016 12:35am
Quoting maximumguita
{quote} 100 bucks. oh how brave. that is all in? Man, you are poor, save your money for food
That is the money Im willing to risk with. I have savings too but 100 bucks is the planned account size. Sure eventually I want to go balls out and do it like big guys with bigger size accounts but that will takes another 5 years to learn and trust myself with money.
Doubt kills more dreams than failure ever will.
  • #22
  • Sep 26, 2016 6:22am Sep 26, 2016 6:22am
What instruments are you trading on? Currency pairs? Indices?
  • #23
  • Oct 23, 2016 7:49pm Oct 23, 2016 7:49pm
Hello Gopixus,

I'm new to this Forum, but I'll give you my opinion:

Honestly, I don't think that would be a very bright idea. If you lose that trade you'd be screwed forever! Why don't you learn how to trade properly instead? You must find your own edge and risk very little on each trade to allow your edge to play out in the long run. It doesn't matter if you have a winning strategy if you go all in and lose it all in one trade, right?

I think you're misunderstand Forex trading. It's not a get-rich-quick scheme, if you started trading with dreams of becoming a millionaire and quit your day job then you're likely to become very disappointed!


But if you take your time to develop a solid trading plan, test it and follow it rigorously, then you too can be profitable, why not?


Good luck! -Ryosuke
-My income is consistently inconsistent
  • #24
  • Oct 26, 2016 3:12am Oct 26, 2016 3:12am
Quoting Gopixus
Sometimes i have a stupid minds to take a big loan and take one gold trade (gold or very very bad trade). Next take big profit and to pay off loan, and live without job I know this is suicide but do you have sometimes this kind of thoughts?
This quite hilarious but very dangerous partake in some exercises when these kind of thoughts comes across your mind run from it
  • #25
  • Oct 27, 2016 11:06am Oct 27, 2016 11:06am
if u use big lot then your all investment will go in a single trade always follow MM.
  • #26
  • Oct 31, 2016 12:54am Oct 31, 2016 12:54am
never do that, the loan shark is going after you after this
  • #27
  • Oct 31, 2016 5:59am Oct 31, 2016 5:59am
I agree. If one is going to take big risks they should probably at least take those risk with their own money. Doing it with money that aren't theirs to begin with can just cause even more complications.
  • #28
  • Oct 31, 2016 7:37am Oct 31, 2016 7:37am
Quoting mlawson71
I agree. If one is going to take big risks they should probably at least take those risk with their own money. Doing it with money that aren't theirs to begin with can just cause even more complications.
Of course, because of the risk management is very important. as good as any of us in doing forex trading and any of us can make a profit, it is still that risk management is important, because in every trade we do, the risks that must be managed properly.
  • #29
  • May 10, 2017 5:59am May 10, 2017 5:59am
I think, till now you have to work with your emotions and greed! By the way, trading with a healthy trading equity is not everything! In addition, you can’t invest all of your money in a single trade, try to make a flexible trading skill thus you can earn regular money by using multiple trading pairs! Besides, I know so many shocking stories on loan based trading, please don’t try to do so!
  • #30
  • May 10, 2017 6:54am May 10, 2017 6:54am
Copixus, did you ever do it? Going all in on a trade? Even if you did, I hope you didn't do it with borrowed money.
  • #31
  • May 11, 2017 3:20am May 11, 2017 3:20am
Quoting Gopixus
Sometimes i have a stupid minds to take a big loan and take one gold trade (gold or very very bad trade). Next take big profit and to pay off loan, and live without job I know this is suicide but do you have sometimes this kind of thoughts?
that's a bad I mean BAD idea.
you're essentially gambling away that money.

trading is no get rich quick scheme like often it's advertised. It is hard work and it takes a LOT OF time. If you want quick money aka try your luck I think you have a better chance at casinos.
...
  • #32
  • May 11, 2017 4:53am May 11, 2017 4:53am
Then go to the casino, and put it all on black or red. If you get lucky, you will double your investment, half goes to yourself, and half to the bank.

To me, that would be more sure investment then throwing money into this vortex which is financial markets.
"Don't lose your cool, and you will fare well".
  • #33
  • May 11, 2017 6:10am May 11, 2017 6:10am
Gopixus,
I am sorry to say it but in your plan of 2 steps I see at least three wrong ones.
- Taking a loan to invest in forex is never a bright idea
- Putting all in one trade is a poor money management and suicide to say the least
- Gambling and successful forex trading have nothing in common
  • #34
  • May 11, 2017 7:34am May 11, 2017 7:34am
Quoting UlliC
Gopixus, I am sorry to say it but in your plan of 2 steps I see at least three wrong ones. - Taking a loan to invest in forex is never a bright idea - Putting all in one trade is a poor money management and suicide to say the least - Gambling and successful forex trading have nothing in common
I really wonder what happened and whether he went through with it. But he hasn't said anything in months in this thread, so we may never know.
  • #35
  • May 11, 2017 8:00am May 11, 2017 8:00am
Theoretically if you know exactly what you are doing and wait and follow an instrument and pick the perfect price and use lets say like 85% of your available margin it’s a good way to take the best out of the market making a big profit with a small amount. If you do it with 100 bucks why not. But be ready to loose them. Maybe after a few tries loosing you would make some profit after all. But like the others say this sounds more like casino and not trading.
  • #36
  • May 12, 2017 8:29am May 12, 2017 8:29am
Quoting DwainUK
Theoretically if you know exactly what you are doing and wait and follow an instrument and pick the perfect price and use lets say like 85% of your available margin its a good way to take the best out of the market making a big profit with a small amount. If you do it with 100 bucks why not. But be ready to loose them. Maybe after a few tries loosing you would make some profit after all. But like the others say this sounds more like casino and not trading.
That sounds good in theory, but in practice is any trader 100% sure in what they're doing? Forex trading is about probabilities, after all.
  • #37
  • May 12, 2017 9:08am May 12, 2017 9:08am
Quoting mlawson71
{quote} I really wonder what happened and whether he went through with it. But he hasn't said anything in months in this thread, so we may never know.
He's on his yacht, went tuna fishing. He said he is going golfing later with Warren Buffet.
"Don't lose your cool, and you will fare well".
  • #38
  • May 13, 2017 6:55am May 13, 2017 6:55am
Quoting diana91
{quote} He's on his yacht, went tuna fishing. He said he is going golfing later with Warren Buffet.
I know you're joking but when it comes to cases like this I always hope that people succeeded.
  • #39
  • May 16, 2017 9:32pm May 16, 2017 9:32pm
Quoting Gopixus
Sometimes i have a stupid minds to take a big loan and take one gold trade (gold or very very bad trade). Next take big profit and to pay off loan, and live without job I know this is suicide but do you have sometimes this kind of thoughts?
it would be a great idea if you know, sure and believe with what you're doing.
This is not investment/trading advise. Will not hold accountable for loss
  • #40
  • May 25, 2017 10:23pm May 25, 2017 10:23pm
Or you could go to the casino and put it all on red!
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