lukx zline trading log + cfabian p.35 + adaseb p.48

[adaseb]

Got out at BO out of that GU short.

Today is sure a tough day to trade.

[lukx]

OUCH! It didn't want to go lower anymore:





from hero to zero

[adaseb]

Why didn't you take your 50 pips?

OUCH! It didn't want to go lower anymore:

[cfabian]

Lukx, relax my friend.... I've been there, done that.
I remember when I incursion into forex, it is painful and horrible feeling to close a loosing trade. I remember holding a -700 pips position because it would come back, simply to close it at BE.... WTF????

I've overcame that situation and just close them where I first though. Use SL orders, don't be afraid. We're in the same boat.

Cheers

will my account survive this ? Lesson for people who doesn't use sl learn on my stupidity

ps. do not ask why I didn't use it.

margin call... one month of trading got wasted...
now I need to think a bit if there is any point of starting again form the beginning for the 999 time...

[lukx]

Why didn't you take your 50 pips?

OUCH! It didn't want to go lower anymore:

I was greedy, wanted more, so I could recover the previous loss.
But recovering isn't my thing

[adaseb]

Why didn't you take your 50 pips?

OUCH! It didn't want to go lower anymore:

I was greedy, wanted more, so I could recover the previous loss.
But recovering isn't my thing

Yeah today and last Friday were tough days to trade.

At least all you lost was $20.

But yeah you gotta use stops.

[lukx]

depends how you look at it
To me it's more "I lost half of the account"

[adaseb]

Yeah but it's better losing half of $40 then half of $4000.

depends how you look at it
To me it's more "I lost half of the account"

[cfabian]

Hahahahahahahahaha, this was sick funny !!!!!!

MO, I don't have any doh for 1-1 (unless your offering it for 100 hours for 100 USD or something) but I can throw in my sister who is asian, young and pretty and marrying age JK

Even if all this learning material is spread far and wide here, I doing much better from this forum than all the others put together. The other crowd is tough

[cfabian]

I hear what you're saying.... but according to your log, I would recommend you go for small pips (probably target around 40 or so), take your profits and compound. You were doing fantastically, so take advantage on what you've achieved so far... the next step for larger targets will come latter. Greed will take us to the grave.

Why didn't you take your 50 pips?

OUCH! It didn't want to go lower anymore:

I was greedy, wanted more, so I could recover the previous loss.
But recovering isn't my thing