Worst Trades

D

DrawDown

Past, present or future, what are your worst trades? Everyone has 'em! :D

Let's hear yours. ;-)

Currently got a GBP/USD trade open short (position 1) down 343-pts. :eek:

Waiting till it gets 500-pts drawdown then will pop open position 2.

The DrawDown
1.2638
 
Quote from Longhorns:

Coinz,

I thought you never had a down trade?
More...
Big misunderstanding about that, then.

Although, it's what the definition is of "down trade."

If "down trade" is strictly adhered to, then EVERY trade in forex ever opened is a "down trade" because you ALWAYS start in the hole via the spread being taken by the broker.

That would mean every trade is a "loser" ... and should consequently be... closed as such... at once?

Open a silver trade? You're down 1000-pts (spread). Is it a "loser?"

Granted, I'd rather have my cable trade 350-pts UP... but... what can I say...?

Ya gotta make the best of what's dealt to ya.

dRaWdOwN
1.2642
 
Recently my set up did not work and I got pissed off and tried a revenge trade and lost another 100 bucks which is alot for a piker like me. Damn was I disguisted. At that time I pissed at the market because my direction was right, but timing just a little off.

Now I get in touch with my mental state on every trade and if it's off plan I quickly step away from the computer or shut down and leave before I do something stupid :D
 
Quote from sulong:

One night of so so sex for 18 years of freedom. :(
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Sulong, I don't get it.

You mean you had so so sex 18 years ago? Then what happened??
 
Guess I might as well add this:

Quote from DrawDown:

Yeah, I just missed my TP by a point.

Trade scrapped @ 2-pts profit.

Overall gains: Little less than 50% profit made on cap exposed to market (to margin).

Moving Long acct cap back into my Short acct where I just opened Position 2 short.

See update on the short trade in the Chinook thread, soon.

Good trade, Chaf.

fx
1.2591
More...
*whines*

So, I STOPPED going long euro back down at 1.2591.

We just hit a few pips shy of 1.2700.

110 pips profit NOT TAKEN because I got flat on the Long acct.

*rolling eyes*

Plus, my GBP/USD trade has now dropped to 450-pips against me.

BLEH!

I guess that's why they call me... The DrawDown
1.2690 (short @ 1.2534)
 
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