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Oh Man, I'm Flat
- Thread starter oldtime
- Start date
Quote from oldtime:
I could, but the euro is still moving
I want my base to be what I am betting on to be the most stable
Ha ha! Sorry, I was trying to be funny. I obviously misfired. You see if your base currency is EUR you're automatically long EUR with respect to you own currency USD which is where you live and spend. So, if you short EURUSD you're cancelling out any growth or loss. In other words, its a wasted trade. Well, I guess your actually losing on the spread.
Please, forgive my bad humor.
otherwise, you need to get a plan. I'd hardly call what you are doing trading. You might as well just be betting on the Toronto Blue Jays.
deliver alcohol, and when you get 1k ahead, send it to your bookie and bet
and hope you are so smart you can guess right more than you guess wrong
because you have the "gift"
you can read the market better than other people can
if the euro drops much more I doubt we will ever hear from you again
deliver alcohol, and when you get 1k ahead, send it to your bookie and bet
and hope you are so smart you can guess right more than you guess wrong
because you have the "gift"
you can read the market better than other people can
if the euro drops much more I doubt we will ever hear from you again
Quote from oldtime:
if the euro drops much more I doubt we will ever hear from you again
And here we go again. In order for me to lose both my profits and my first and only deposit of $1029, the Euro will need drop 1850 pips from 3096. i.e 1.1246. It would have to do this all at once without any recover period.
I'm a decent jerkQuote from SimpleTrades:
You've been drinking again, eh? Sometimes you're really decent; other times you're a bit of jerk.
you're a bright kid
and I like hard working men that deliver to support their family
and know a thing or two about how to use a calculator to compute forex returns
so good luck to you, betting on the future 100% directional
Quote from SimpleTrades:
Do the math my friend. When will I need to reload, and how much will I need to load?
So the EURUSD will need to drop another 574.82 pips before a margin call kicks me out of the trade. However, that will leave me with still $390 in the account. Now, add to that the profits transferred out of the account already. Where does that leave me, Oldtime? Even after a margin call, I'm still profitable. In fact, I'd be up about 12% in two months.