Ouch!

Quote from PhiSigmaIota:

I do not think this as a trade. It is a classic " Hail Mary" position and a very bad one...
As some fellow ET's mentioned where was your stop loss?
You would/should have been fired in a financial institution for this illogical position..
Sorry but this is the truth...
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Dude, WORK for a financial institution??

I EAT financial institution traders for breakfast in the market.

I could care less about them or anyone passing judgment on how I trade.

I win. That's the bottom line.

Sometimes I've just survived, true. Sometimes I've had to break the rules - but all is fair in the love of war in forex trading. :D

LOL,

Coinz
 
Quote from sKaLpZ:

Well guys, the massive EUR/USD short I was in (that I was caught in) since Sept. 2004 was just CLOSED - total loss... under $60.

THAT was a trade-management wonder. :D

At one point I had over 50 short positions open in it all the way from 1.2100s to its high of 1.3665.

Man, I am letting out my first sigh of relief in... 8 months.

8 MONTHS?? That's how long I was in that trade???

WHEW!

Well, time flies when you're having fun!

What should I do now...?

I think I'll knock off and take another look at it next week.

I deserve a break.

Sam
ps: I'll be opening another short. :D Trading rocks.
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You kept this terrible position for 8 months???I will say it again if you were in a respectable institution and you did not take your stop loss , you would be fired.
However in your trading microcosm, if you think that you are good trader, that is what counts for you :-)

Best of luck in your future endevours...
 
Quote from PhiSigmaIota:

Best of luck in your future endevours...
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"endevours" is spelled "endeavors," Phi Sigma.

I think I've already made it clear, I don't care what institutions think or do.

When I trade, I win. That's what matters. End.

Regarding keeping a trade open, so for ME to keep a trade open it is "terrible," but for Buffett or Gates to keep one open it makes them geniuses...?

Nice.

'Scuse me now while I go skalp the South African rand.

Please don't reply anymore.

Thanks.

Sam
 
Quote from sKaLpZ:

"endevours" is spelled "endeavors."

I think I've already made it clear, I don't care what institutions think or do.

When I trade, I win. That's what matters. End.

Regarding keeping a trade open, so for ME to keep a trade open it is "terrible," but for Buffett or Gates to keep one open it makes them geniuses...?

Nice.

Please don't reply anymore.

Thanks.

Sam
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OK spelling bee:-)
I did not say that Buffett or Gates are geniuses. Frankly I would love to see the $ go to par against Euro.
You are confusing me with someone else.
However Buffett's net worth is $40 billion , where as Gates' net worth is $30bill.
What is your net worth?
For a regular FX trader, you made a terrible trade...
Admit your mistake, move on with your life..
 
Quote from PhiSigmaIota:

Buffett's net worth is $40 billion , where as Gates' net worth is $30bill.
What is your net worth?
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About $60 less than it was before I kept the EUR/USD short trade open for 8 months.

Coinz
 
Quote from syrre:

Coinz about even, i chicken out @ 2670 :) cheers
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"But last night i put on a long position at 2610 - and i´ll be very happy if i can close at 2690 or so."

Dude, let me try to make you feel bad!

Todays high = 1.2689.

I told you that was a good trade! :D

Great call, even if you didn't stay in.

*ahem*

sKaLpZ
 
Quote from sKaLpZ:

Dude, let me try to make you feel bad!

Todays high = 1.2689.

I told you that was a good trade! :D

Great call, even if you didn't stay in.

*ahem*

sKaLpZ
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lol, wont work m8
i have fellow traders often calling me p*ssy, chicken n all sorts of things like that (because of my tight trading), but in the end of the months im often the one who laughs the most :)
 
Quote from syrre:

lol, wont work m8
i have fellow traders often calling me p*ssy, chicken n all sorts of things like that (because of my tight trading), but in the end of the months im often the one who laughs the most :)
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actually you were so close ( 1 pip away ) from hitting your said TP, dude, I would have liked to see you nail it.

you want a suggestion for a possible minor modification you could make so that you could have hit it?

s
 
i said "or so"... :)
anyway - still satisfied.
u were in the money, and didnt close, so now u take heat one more time?? :)
 
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