thread: the Survival of my $220.99

I dont even know whether it's been told for you allready but I think it's too late unfortunately also give the following wise advice: STOP TRADING LIVE!

Return to demonion, you are missing a lot of self control to trade right now hence the rapid end of your own trading account.
In any situation, dont place any money in your live account from now on and for the upcoming couple of month (at least )

I desired, but today I have lots of thousands crimson pippies floated
*at time I post this:
1. -1006
2. -1051
3. -1189
4. -1264

did u suggest me to shut this post?

Better study more on DIVERGENCE...

I just refer macd for time being my indi
is there any other setting for better provide?

it is my live commerce and this is how it looks at the end of the week.
My saturday n sunday will headache

it's my live trade and this is how it looks in the end of the week.
My saturday n sunday will hassle

Hello

a few things to notice - firstly you do realise that Marketiva will allow you to open short and long positions on precisely the exact same pair in precisely the exact same time? When you find an unwind like we have seen these past couple of days there's nothing stopping you opening short positions to hedge the long trades.

I use a method on GJ with 1000 pip stop loss and that I had 2 long positions ceased out yesterday. But because I hedge I have still ended up in profit for the week. The important thing to note here however is my 1000 pip s/l only equates to a 2% reduction which brings me onto my next point.

Secondly, as the others have said, your position size is much too high for your account balance. As you have discovered this week, a big breakout (particularly in this pair) could wipe out an account in a matter of days. To give you an notion of the percent I trade per place, instead of a position size of 300 or 600, I'd use about 45 on your initial equilibrium and about 35 in your balance at present - difference! GBPJPY is not for the faint hearted and you must get a plan that you can adhere to without question.

I wish you luck but most of all you need to work out a plan, practice on the demo account they provide until you feel ready to go live again.

Kind Regards
Steve

currently I am -34.34percent from $220.99

It doesn't make sense for me to hold on to a losing position of over 1000 pips. Before you placed those trades you should have understood where or what was likely to get you out. The indior that captured you is no more giving that sign might be a great one to look at. I bet it told you to sell several times since then. You could also use price itself and determined to get out when price dropped below a substantial low which was the 221.00 area at that moment. Ask yourself what's keeping you in.

The best thing to do is close your rankings and receive back objectivity. If you stay in and also the trade finally comes back in your favor, you're only creating a bad habit.

The daily range of GBP/JPY is 300-400 pips. Why don't you trade a pair that is less volatile? Among the majors or even EUR/JPY.

If I trade GBP/JPY I will already have examined GBP/USD, USD/JPY and EUR/GBP.

I get out if I'm
get in a trade and it goes against me.
Can not eliminate risk in just a few minutes or hours.
Get at a trade and it doesn't look as great as I thought or'm not sure about it.
Get stopped out.

I stay in if I:
get at a trade and it moves in my favor.
Can remove risk by scaling or shing my stop to even or in profit.
Planned on letting price move against me when using a larger time period.
Believe I made enough on a trade and do not want to be overly greedy.

1 Attachment(s) I am currently -51.90percent from $220.99! ~
that this ss is my new balance. . lol i am dead

It does not make sense for me to hold on to a losing place of over 1000 pips. Before you put those trades you should have known where or what exactly was going to get out you. The indior that captured you in and is no more giving that sign might be a great one to look at. I wager it told you to market a few times since then. You might also use price itself and decided to get out when price dropped under a substantial reduced which was the 221.00 place at that time. Ask yourself what's keeping you in.
The ideal thing to do is close your positions and get back objectivity. If you stay in and also the trade eventually comes back in your favor, you're simply creating a bad habit.
The daily range of GBP/JPY is 300-400 pips. Why not trade a pair that is less volatile? One of those majors or even EUR/JPY.

After reading ur article mate, I think I wash my floated and start new life
so now I am -96.22percent out of $220.99 (wow. .)

ermm. . It's quite tough to scale back from $8.35
anyhow, life has to move on

currently:
-93.97percent from $220.99
59.40percent from $8.35

I could stay longer but I want sleep
therefore I shut those long n depart 1 to allow it play with d flow



... (just wondering, how could I get back to 220.99 figure? . . when. . ?)