Is this what trading is like?

[farmerjohn1324]

You trade a certain market because you have an strong understanding of it and strategy where you have an EDGE, Not because you find it most interesting. You are looking at this industry too much as a curiousity/hobby than a business....

Finding something interesting would lead a person to study it.

 

[farmerjohn1324]

EUR/USD if another down day, it's breaks to $1.16686

I think I agree with you. But can you type the sentence more clearly so I can be sure I understand? Also, remember that core PCE inflation data is this Friday.

 

[farmerjohn1324]

0.55 lots? A lot is by most retail brokers defined as 100k. Are we talking same definitions here? How can a 10k swing by as much as you indicated with a 55k position? Neither eurusd nor usdchf moved by that much.

On my broker (IG), 1 lot of EUR/USD requires $2,366 of margin (50:1 leverage) and will move by $1usd for every 0.00001 of price movement.

 

[farmerjohn1324]

The answer to whether that trade made sense would depend on your risk profile, your target RR, and conviction. As described, that trade sucked on all three points (at least so far).

How can returning 15% in two weeks suck?

 

[farmerjohn1324]

This movement is considered relatively tiny compare with
say crude oil, copper, some index futures movement

Oil seems too unpredictable to me. I have no idea what OPEC is going to do. I do know that the price of oil would drop significantly without OPEC keeping supply artificially low. But I have no control over their actions or any way to predict them.

 

[farmerjohn1324]

if you are going to lose 40% in one trade then it may be a problem.

also you need to know when you are wrong.......now to say usd will become strong....... at what point do you say it is not and get out.....?

In order to think I was wrong... I would need to have other economists agree with that. I would need to read analysts opinions on sites such as FxStreet, DailyFX, etc. It would require some new news or data release that changed the entire outlook.

 

[bone]

Who started this bloody anxiety laced grief stricken thread in the first place? Oh Please.

You went from despair to braggadocio in two pages.

How can returning 15% in two weeks suck?

 

[DiceAreCast]

So, 100k as I said. So how can you be down 2000+ when eurusd moved down a max 80 or so pips between Friday and Monday? You don't make sense...

On my broker (IG), 1 lot of EUR/USD requires $2,366 of margin (50:1 leverage) and will move by $1usd for every 0.00001 of price movement.

 

[DiceAreCast]

Abt agree more. Either this guy is practicing to become stand-up comedian or is completely retarded.

Who started this bloody anxiety laced grief stricken thread in the first place? Oh Please.

You went from despair to braggadocio in two pages.

 

[JSOP]

Ok. But I certainly can't close the entire position at a SL that's closer to the price than the margin call. Remember that my margin calls are not 100% of the trade. More like 4%.

So maybe set the SL higher? For at least a portion of it?