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

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adaseb
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Postby adaseb » Mon Feb 01, 2010 5:32 pm

Got out at BO out of that GU short.

Today is sure a tough day to trade.

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lukx
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Postby lukx » Mon Feb 01, 2010 5:56 pm

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



Image

from hero to zero :)

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Last edited by lukx on Mon Feb 01, 2010 6:02 pm, edited 1 time in total.

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adaseb
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Postby adaseb » Mon Feb 01, 2010 6:00 pm

Why didn't you take your 50 pips?

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

Image

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cfabian
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Postby cfabian » Mon Feb 01, 2010 6:04 pm

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




lukx wrote:
lukx wrote: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.

Image


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...

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WILL GET MY MONEY BACK FROM THOSE BASTARDS, AND I MEAN IT !!!!!
"WAIT FOR PRICE, WAIT FOR PRICE, WAIT FOR PRICE"

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lukx
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Postby lukx » Mon Feb 01, 2010 6:05 pm

adaseb wrote:Why didn't you take your 50 pips?

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

Image


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

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Postby adaseb » Mon Feb 01, 2010 6:19 pm

lukx wrote:
adaseb wrote:Why didn't you take your 50 pips?

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

Image


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.

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Postby lukx » Mon Feb 01, 2010 6:24 pm

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

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adaseb
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Postby adaseb » Mon Feb 01, 2010 6:35 pm

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





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

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Postby cfabian » Mon Feb 01, 2010 7:15 pm

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


pablo101 wrote: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 :shock: JK :D

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 :x
WILL GET MY MONEY BACK FROM THOSE BASTARDS, AND I MEAN IT !!!!!

"WAIT FOR PRICE, WAIT FOR PRICE, WAIT FOR PRICE"

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cfabian
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Postby cfabian » Mon Feb 01, 2010 7:32 pm

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.



lukx wrote:
adaseb wrote:Why didn't you take your 50 pips?

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

Image


I was greedy, wanted more, so I could recover the previous loss.
But recovering isn't my thing :)
WILL GET MY MONEY BACK FROM THOSE BASTARDS, AND I MEAN IT !!!!!

"WAIT FOR PRICE, WAIT FOR PRICE, WAIT FOR PRICE"

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