entered order to sell 4 lots eurusd 1.1400
victor is averaging
- Thread starter victorsafta
- Start date
order filled and sold another 2 lots 1.1404 ...
Average now: short 10 lots eurusd 1.1394 ... trading 04, usbl margin 50.797
Average now: short 10 lots eurusd 1.1394 ... trading 04, usbl margin 50.797
Sold again ... now short 17 lots 1.1397 ... holding on
... not strong enough though ... trandin 06 now
Quote from victorsafta:
Sold again ... now short 17 lots 1.1397 ... holding on [/QUOTE
Vitor
As you has been quite sure that 1.1400 would be the future high you projected, why didn't you just simply wait until a reversal actually happening after 1.1400 in order to sell short for all 17 lots, so you would have bigger profits with a much safer trade?
What's the logic behind this approach? I'm just courous.
I warned him this could happen. Avaraging wouldnt help...stop is a must...
In the end of the day, we all make mistakes, and we all should learn - even those who are long time trading. Victor, you were holding 16 lots - its 1.6 mio position with 60k acc - it is suiside. You were about 26% unrealised loss ...way too risky, my friend, taking in account that you made less with this aproach till now. I hope you'll get good retracement to cut losses. There is good chance euro to retrace. I belive we can get range of 1.12-1.16 (roughly). So I hope you wont get big loss.
Good Luck, everyone.
In the end of the day, we all make mistakes, and we all should learn - even those who are long time trading. Victor, you were holding 16 lots - its 1.6 mio position with 60k acc - it is suiside. You were about 26% unrealised loss ...way too risky, my friend, taking in account that you made less with this aproach till now. I hope you'll get good retracement to cut losses. There is good chance euro to retrace. I belive we can get range of 1.12-1.16 (roughly). So I hope you wont get big loss.
Good Luck, everyone.
If he posts, or just disappears.
According to his system, I'm guessing he's short far more than 17 by now -- maybe 30 or more??? Maybe he's fully leveraged??? Is this a real account w. $50,000 or just play? I hope for his sake it's not real.
According to his system, I'm guessing he's short far more than 17 by now -- maybe 30 or more??? Maybe he's fully leveraged??? Is this a real account w. $50,000 or just play? I hope for his sake it's not real.