I have an appeal i am stuck in too much losses

ElectricSavant said:
samekhan,

I feel your pain. You are battling your unrealized verses your realized loss. Asking for help from an experienced trader and premising it with that your just trying to exit at BE or at a profit should motivate a charitable trader to help you as you are seemingly desperate.

Each trade stands on its own. Each day is a new day. Going through the horror of trying to make up losses can skew your judgment and change the way you trade.

ES

P.S. These are your trades and there is no magic here. You got yourself into this mess and the best help that I can do is to help you get out of it yourself. This could be embarrassing for you but we must do this publically on this thread. Other traders more experienced than I can chime in. Please post your trades.

P.S.S. Your need to carry your unrealized and make future trades that are profitable to offset the loss....does not mean what the Forex community labels as hedging...going long and short in the same instrument is not hedging and quite wasteful. You must understand that you might need to reverse some of your trades by exiting and locking in your loss
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https://ibb.co/bKdTOT
 
This image has nothing to do with the market structure. It just states you messed up in the past, didn't read the market right and didn't take the apropiate mesures when you were wrong. Hence the losses. So cut all your short positions and let the longs open since we are going to 1.1840. What happens there is anyones guess, I don't have a magic globe that predicts far in the future but gun to my head and I'd say we are going higher even more after that.
You asked for help ... you got it ... now it's up to you to take the appropiate action.
 
If you have traded and lost lots of money and top up your trading account, and
continue to trade and lost lost of money and top up your trading account again, and
continue to trade and lost lost of money and top up your trading account again,

and if you don't have any good mentor,
then you should seriously consider stopping trading TOTALLY forever and ever
 
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maxinger said:
If you have traded and lost lots of money and top up your trading account, and
continue to trade and lost lost of money and top up your trading account again, and
continue to trade and lost lost of money and top up your trading account again,
and if you don't have any good mentor,
then you should seriously consider stopping trading TOTALLY forever and ever
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Don't say that! I need the money!
 
tomorton said:
I don't think the OP is a trader.
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There is one classification of trader that fits a la Harris - the futile trader.

With negative expectancy the very act of trading for a futile trader is a losing proposition.
 
Sprout said:
There is one classification of trader that fits a la Harris - the futile trader.

With negative expectancy the very act of trading for a futile trader is a losing proposition.
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"everybody gets back from the market what they want."
 
So for clarity here is the image of your toolbox in MT4 (CLICK TO ENLARGE)


check.jpg


So apparently your nightmare began on 05/18/2018 when you opened a cable trade (GBP/USD) long with about 10k in your account. Your trade size was 0.05.

Several weeks later on 06/05/18, you went short EUR/USD with a trade size of 2.00 and it seemed to go your way and you even added to your position a little over 1/2 hr later with 0.30 trade size and you left both of them open along with your cable trade (GBP/USD).

One day later on 06/06/18 you added to the EUR/USD shorts with a trade size of 1.00, total held at this point 3.30. The cable trade untouched and still holding 0.05.

Then on 06/07/18 you put on your hedge covering the holdings of 3.30 shorts in the EUR/USD. You are locked neutral in the EUR/USD with a loss and you are still net long in cable with 0.05.

samekhan.. I know this is painful but do I have this right? Please comment about your decisions along the way for the edification of others reading this thread please...you can do it...a lot of us have been through this ok?

From looking at your toolbox I surmise you are using a dealer that gives you 1000:1 leverage. I am wondering if they reduce that leverage from 1000:1 to 500:1 when your balance exceeds $1,000.00. And if so why are they allowing you 1000:1 with 10K? Could they arbitrarily decide to adjust your leverage and close your trades for you according to your terms and conditions? May I know the dealers name?



samekhan said:
https://ibb.co/bKdTOT
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