ugh just lost 20% of my account was short EUR

[boobaies]

ya i had a stop but the the the pair was moving so quick i remember seeing it uptick by 100 pips LOL crazy stuff that was

 

[IronFist]

you mean this spike?

 

[gangof4]

Quote from brocklanders:

[Bif it was a stop market order then likely the worst case would have been a few pips slippage. [/B]

you must not have much experience trading- if you did, you wouldn't make such a statement.

i had a day in october when the currency took off (not a fed day or anything one could plan for). i got fucked for about 100 pips over what was a wide stop- $72m gone in the blink of a fucking eye. was in the EUR.JPY (and, yes.... i was trading WAY too much size. was 'sure' i was right- famous last words in trading.

it's totally fucked up my currency trading- seriously traumatized. went from too much balls to none now when trading currencies. in fact, when trading currencies, i actually grown a vagina temporarily- not a pretty site...

 

[Trader KGB]

Quote from gangof4:

$72m gone in the blink of a fucking eye.

You mean $72k?

 

[gangof4]

Quote from Trader KGB:

You mean $72k?

amazes me how many who trade have no background in money mgmt, acct or the like. if you did:

m= 1,000
mm= million

nobody in the business uses 'k'

btw, if it were mm, i'd prolly be in a better mood- it would mean i had $72mm to lose!

 

[Nashequilibrium]

Quote from gangof4:

i got fucked for about 100 pips over what was a wide stop- $72m gone in the blink of a fucking eye. was in the EUR.JPY (and, yes.... i was trading WAY too much size. was 'sure' i was right- famous last words in trading.



Lol, Have you lookedat he vol levels for October? There is no way u are a profitable trader net alone losing 72, its is always better to be honest, since there might be a lot of fools here but some of us are actually traders. I will let you figure out where u made your mistake.......a clue $72m, vol and complaining about a 100 pip loss!

O how elitetrader bores me!!!!!!!! Its 2009 get an edge!

 

[forex-forex]

Quote from Nashequilibrium:

Quote from gangof4:

There is no way u are a profitable trader net alone losing 72, its is always better to be honest, since there might be a lot of fools here but some of us are actually traders. I will let you figure out where u made your mistake.......a clue $72m, vol and complaining about a 100 pip loss!

He must have been trading 100 contracts at $1000 a tick/pip.


forex-forex
---------------------
ET Trading Guru since 2006

 

[dnaj65000]

Quote from gangof4:

amazes me how many who trade have no background in money mgmt, acct or the like. if you did:

m= 1,000
mm= million

nobody in the business uses 'k'

btw, if it were mm, i'd prolly be in a better mood- it would mean i had $72mm to lose!

I'm not from the USA, but you're telling me that you use m = 1000? I use k =1000 like what the other poster said.

 

[forex-forex]

Quote from cabletrader:

I have serious rectal itch at this time. Does anyone have recommendations on treatment? Thanks

LOL ....... It's from sitting on a hard chair. I recommend a pillow and Vaseline. Apply lots of Vaseline in a circular motion.

 

[Trader KGB]

Quote from gangof4:

amazes me how many who trade have no background in money mgmt, acct or the like. if you did:

I realized "mm", it's just rare to see singular "m" used, my mistake.

For the record, I was an accountant for a couple years after college, but I absolutely dreaded it. I guess it goes to show.