2000 thousand dollars

[oldtime]

Quote from college ruled:

Nice trade on those 100,000 minilots

Brand new game today.

Good Morn Oldtime!

ps On downbeat i have to "wait" tonight but busy frightnight should makes good tips

yeah, so much for my theory "Nothing happens before NFP"

I'm usually wrong 50% of the time, but somehow I survive because I'm not ashamed to admit it

 

[college ruled]

Starting off with a 1/2 lot long @2687

 

[college ruled]

Quote from college ruled:

Starting off with a 1/2 lot long @2687

covered long @14

+$135

acct balance $2721

 

[college ruled]

Quote from koolaid:

LOL...he's trading 1+ full lots with a 2k account. You do have much to learn.

No, trading 1/2 lots and adding another 1/2 to avg down or add to strength.

 

[college ruled]

Sold 1/2 lot @2707

 

[college ruled]

That caught me sleeping. Didn't expect that got screwed by news i guess shoot

Short another 1/4 lot @2751

Got one more 1/4 lot left if i need it

 

[college ruled]

I guess this what is called a temporary drawdown..I understand every trader will have them just stay patient work thru it

 

[college ruled]

My game plan to get out of this is to chip away with 1/4 lot shorts and covers when meeting resistance. I'll hold the half lot from 2707 in mean time while getting even. Makes sense?

 

[dolemitettu]

Didn't read the whole thread, but if you've only been simming then you're obviously in for a bad surprise. Try mini lots ($10,000) until you're consistently profitable. That's about $1/pip EUR/USD, and it gives you a true indication for slippage, etc...

 

[college ruled]

Got to be very careful where I fire off this last 1/4 lot because after that I am defensless.

@low 40's plan on covering that first 1/4 lot. That will give $25 or $30 of it back, free up another 1/4 lot for more shorts above.

That's more of the plan but hinges on getting to 40 first