peace of mind

Quote from oldtime:

I don't know how you trade, but 1m per 45k sounds about right, but that is a lot of eggs all in one basket.

forex is 24/7 so none of us who hold ever sleep too well.

I'm lucky, if it's a bad position I usually have a nightmare that I got a new job and am late to work and wake up and close it out.

If it's a nightmare about my ex wife screwing somebody else I always double up and take the other side.
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:p LOL:p
 
Quote from blackstormcap:

up to what size can you hold without waking up at night/feeling stressed ?

i have a 45k account at IB and experience sleep disorder whenever I hold a 1M position in USDJPY.

am i a chicken ?
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Yes, you're chicken :D Kidding..

Hold whatever you feel comfortable with.

For multi-day open trades in the black, I like to set stops well above break-even (50-100 pips). That way, if the market spikes on news/thin liquidity etc, I know I'll get out before it costs me. Big boys use a longer hold period. So it's best to get acclimated to it.
 
Quote from oldtime:

I don't know how you trade, but 1m per 45k sounds about right, but that is a lot of eggs all in one basket.

forex is 24/7 so none of us who hold ever sleep too well.

I'm lucky, if it's a bad position I usually have a nightmare that I got a new job and am late to work and wake up and close it out.

If it's a nightmare about my ex wife screwing somebody else I always double up and take the other side.
More...

haha. Some people know how to make good of bad situations.
We are glad to be profitable independent traders - with only the market as boss. Obviously, you are an unfortunate example of someone who didn't chose well. Thank you for letting us learn from your mistake :D
 
You are quite brave my friend. Its funny how I can manage money for people and sleep well but my own I take special care. The market is simply investor sentiment.
 
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