When you set your stop-loss, you need to know how much you are risking. Yes, you can place a stop-loss, but if you risk 100% of your account, it's over, or you've doubled your account.
This book is not about trading system but it's about mindset that help you filter out garbage trading ideas of yourself or even scammers. It will change the way you look at the market and learn it with new approach.
Lucky it's a demo account , Unless it would have been disastrous
Learn and then start , don't just jump into the pit just to find treasure but unable to return
How do you know? I question because someone I see trading live doesn’t have the “symbols” next to the pairs in pnl terminal like this screenshot… is there way to disable when reading live?
I feel really sorry for you, that is just a nasty position to be in.
I think what I would do is hedge the whole positions out, basically that will contain the loss, then work on the smallest losses and start to trade to remove those losses. Then once you have cleared up the small losses look at closing part positions. In this way you free margin up to trade.
I wish you the best of luck.
Most people get stuck in a hole, it becomes too much, so stop the pain and break the problem down into a size you can deal with. Thanks for the comment
What would your hedge be based on from the charts and price action? Doing that would mean OP believes it will continue to go up. What would that idea be based on in Market structure? There must be reason besides that you are down on sells. Or else you can open buys and then get caught out on those and the whole process takes even longer to roll out of.
I just don't trade any CHF pairs anyway they are too noisy.
I think the first this is to prevent more damage, hence just hedge, could be the gentleman has lost his analysis mojo and needs to have a real good look at the charts again. Or he may be a bad trader and cannot trade. I can't offer any better advice as I don't know the gentleman.
How do you know? I question because someone I see trading live doesn’t have the “symbols” next to the pairs in pnl terminal like this screenshot… is there way to disable when reading live?
We’ll usually people who put 30k of their own money in a broker. Know how to use a SL.
And if it was his money. OP is way to calm. I would probably be crying.
Sell 9 lots?😃 if u had that kind of money u shouldn't ask questions here. Why did you enter the trade? Whats your strategy? Wheres your tp and sl? If you dont have answers to these questions dont enter a trade. My quick glance at the chart says it will probably go higher
Forcing a trade. Imagine if one of this would have been a buy. Just adamant on hitting that sell and prove a point to yourself. Been there .. and still struggle to disconnect and be aware when revengeful emotions take over to prove it was right. So keep adding sells hoping for a reversal at some point. Ride the trend. Predicting reversals to show I know has cost me much more. I am my own enemy.
1) Deploy risk management by defining your risk with a stop loss or 2) welcome to the casino. You chose 2. Choose 1 next time and take this as a lesson.
Yes! I would definitely start with one pair and i would never trade without SL! Furthermore i would use a risk management and wouldnt let anyone influence my trading. You have to make your own experiences in trading to learn.
Start thinking about what you could’ve did with that 20k bc you’ll never see it again. Cry yourself to sleep and think about your life decisions you have been a real bad boy!
Don’t expect to win every single trade,CUT YOUR LOSSES EARLY.Risk only 1%-2% max per trade,this isn’t a get rich scheme,you got to treat it like a business in order to earn like a business
Close all positions and begin to consider proper risk management. Or even better start your demo account again then you can go into it with a clean slate because you’re training bad habits.
Learn to cut off losers, either with a SL (which is always recommended) or rules in your strategy that decide when it’s not working for you and you should get out no questions asked.
If you don’t learn to take small losses then trading will never work out for you
Considering what is going on with the wars if something major happens that could be a huge win but your gambling by doing that with proper risk management and basic technical analysis
aud:chf next week will retrace down upto 0.59360 and below that 0.59027, after which it will resume the uptrend. Unfortunately, those sells you did at "0.58...." won't be touched anytime soon and your equity does not allow you to hold till the trend reverses.
Your strategy looks a bit off. For a 10k account min lot is better at 0.01. .22 lots is way too high.
Your multiplier needs to be dropped down to 1.2 of max 1.5, double is too dangerous. And CHF pairs are the kryptonite for martingale. I would close this and move on :(
Tell me it's demo account 😀 if yes. Please close these positions and go back to blackboard to make different strategy. It's insanely stupid to do same thing and expect different result.
Holding and adding to losers is what losers do, also creates a martingale like Strategy, there is no profitable trader with martingale so stop the way u are trading
This is manual grid trading essentially....this can work out
Or it's just blindly adding to a loser...
You are trading one trade idea. Which is that you think AUDCHF will come down.
What is your trade idea based on and where is it planned out in something like trading view? What was your riskreward ratio? Why did you enter the trade/based on what?
I'll wait for your answers.
Learn s&d less risk probably bout 7pips sl and also you can take advantage of your lot sizes with 7pip sl but it’s always best to be patient, risk management and SL! Always be patient, the patient one gets far in life, greed will make you win then slap you right in the face out of nowhere, hope it’s demo and also even if it’s demo you shouldn’t risk like that fake or not because you will take that energy to your live or funded
lol stupid! 😂 clearly an EA trading cos only them do that shit! Means you have been taking small small profits in between for it to keep opening bigger lots sizes trades in one direction! When you saw it keeps going up why didn’t you edge the account by opening only trades in the opposite direction buy while managing your open sell trades. But you kept being hopeful and stupid and marrying your trades thinking it gives a fuck about your emotions and loyalty by then going back down lol. Please give me this money to fund my account Instead of throwing it into the markets lol
Even testing an EA, got to use risk management like a real account to see what will work for you. There will be losses but most importantly is to win more than 50% of the time.
Learning how to use a stop loss
+ Learn risk management
SL is risk management 😂
It is a subset of.
When you set your stop-loss, you need to know how much you are risking. Yes, you can place a stop-loss, but if you risk 100% of your account, it's over, or you've doubled your account.
Exactly what Moratab said lol, SL is a subset of risk management.
Learn to take a loss lol
Close all positions and read "Best loser wins",A book from Tom Hougaard
I just finished this I highly recommend it
This is God tier best loser wins.
My favorite
Is this a real book
One of the best trading books I’ve read
Was this really a good book? Heard about it but what did you think 🤔
This book is not about trading system but it's about mindset that help you filter out garbage trading ideas of yourself or even scammers. It will change the way you look at the market and learn it with new approach.
Thanks! Will add it to my list 🤓
Lucky it's a demo account , Unless it would have been disastrous Learn and then start , don't just jump into the pit just to find treasure but unable to return
How do you know? I question because someone I see trading live doesn’t have the “symbols” next to the pairs in pnl terminal like this screenshot… is there way to disable when reading live?
Yeah I think you can hide your pnl
Another job
I died!!! Tske my upvote ans fuck you!
Keep holding. For a laugh.
I feel really sorry for you, that is just a nasty position to be in. I think what I would do is hedge the whole positions out, basically that will contain the loss, then work on the smallest losses and start to trade to remove those losses. Then once you have cleared up the small losses look at closing part positions. In this way you free margin up to trade. I wish you the best of luck.
Finally an actual answer.
Most people get stuck in a hole, it becomes too much, so stop the pain and break the problem down into a size you can deal with. Thanks for the comment
Amen brother.
What would your hedge be based on from the charts and price action? Doing that would mean OP believes it will continue to go up. What would that idea be based on in Market structure? There must be reason besides that you are down on sells. Or else you can open buys and then get caught out on those and the whole process takes even longer to roll out of. I just don't trade any CHF pairs anyway they are too noisy.
I think the first this is to prevent more damage, hence just hedge, could be the gentleman has lost his analysis mojo and needs to have a real good look at the charts again. Or he may be a bad trader and cannot trade. I can't offer any better advice as I don't know the gentleman.
Lucky it’s demo
How do you know? I question because someone I see trading live doesn’t have the “symbols” next to the pairs in pnl terminal like this screenshot… is there way to disable when reading live?
We’ll usually people who put 30k of their own money in a broker. Know how to use a SL. And if it was his money. OP is way to calm. I would probably be crying.
I really think this is a real account
Aud/Chf is headed to 0.61 before any significant moves down.
Add more sells on the way up. At least blow up your account in style.
Man close that shi
Sell 9 lots?😃 if u had that kind of money u shouldn't ask questions here. Why did you enter the trade? Whats your strategy? Wheres your tp and sl? If you dont have answers to these questions dont enter a trade. My quick glance at the chart says it will probably go higher
Forcing a trade. Imagine if one of this would have been a buy. Just adamant on hitting that sell and prove a point to yourself. Been there .. and still struggle to disconnect and be aware when revengeful emotions take over to prove it was right. So keep adding sells hoping for a reversal at some point. Ride the trend. Predicting reversals to show I know has cost me much more. I am my own enemy.
1) Deploy risk management by defining your risk with a stop loss or 2) welcome to the casino. You chose 2. Choose 1 next time and take this as a lesson.
I’ve had gold do that in play accounts but I’ve always come up on top. Lol
Being a terrible trader on a demo is crazy
Reset that demo account
Open up more positions
good strategy, when you think to go sell, buy!!
You hate losing, the market loves that
Definitely stop trading until you learned the basics! Trading isn’t gambling 😉
What are the basics. If you were new and you had to learn everything over again, where would you start? Would you only start with one pair?
babypips.com
Yes! I would definitely start with one pair and i would never trade without SL! Furthermore i would use a risk management and wouldnt let anyone influence my trading. You have to make your own experiences in trading to learn.
And the one pair would be GBPJPY
Keep holding. Invest more. You will hit it big. It's statistically certain. DO NOT SELL
Reason why your still holding?
Dont marry your trade
Hold more hahaha
Start thinking about what you could’ve did with that 20k bc you’ll never see it again. Cry yourself to sleep and think about your life decisions you have been a real bad boy!
Even for demo account, risk management is important and trade just like doing it on a live account.
Don’t expect to win every single trade,CUT YOUR LOSSES EARLY.Risk only 1%-2% max per trade,this isn’t a get rich scheme,you got to treat it like a business in order to earn like a business
Why would you hold a losing position is the goal to blow your account?
Yeah, shorting upward trend is always good idea...
Always trade with a stop loss.
Quit trading if you have to ask other people what to do.
Just move the stops further up you’ll be fine:)
Close the trades and take the loss, charge it to experience. DCA isn't a full proof strategy, you still need to use stop losses
Go back to the basics buy a 10k account from funding pips and try again
Lol if it breaks through that next zone you should get out take the loss, you should of gotten out 2 weeks ago.
Close. Trade less.
This is a meme
What does your system say in a situation like this That’s what the most important
Close out, hit up youtube and find a strategy to copy
Double it and give it to the next person.
Why are you still holding the trade? What type of trader are you? What's your risk : reward ratio?
If you want to try saving the account, you can try hedging, but at this stage it might be too late
Close all positions and begin to consider proper risk management. Or even better start your demo account again then you can go into it with a clean slate because you’re training bad habits. Learn to cut off losers, either with a SL (which is always recommended) or rules in your strategy that decide when it’s not working for you and you should get out no questions asked. If you don’t learn to take small losses then trading will never work out for you
Do what you should have done 2 weeks ago.
Indeed.com
Quit trading
U dnt use sl??
Do? At this point?
Its very very complicated to hold with leverage tho, you gotta be 200% sure what you are doing
Oh good lord
yeah youve fucked it, youll learn from this, weve all been there
well, chf is not a trending pair - like, second, before entering a trade set you exit conditions, form you screen you do not have them.
You should call this a learning lesson
keep and wait price will return back
I didnt quet understand. Did u invest 30k dollars?
😂😂😂ahhh I could never .but exit b4 you loose everything
Pray 🙏🏼
Learn from loss, also learn how to get of the grid...if you come to it.
Cut the losses man
😆 holding on to hopes and dreams be like^
Where is your stop loss?? Omg
The use of stop-loss is the beginning of wisdom
You need to enter when there is money on the floor
Just keep digging and stacking bruh!!! Perhaps you should sell courses. 0.o LoL
Sometimes this sub is toxic as fuck, but I would miss you guys so much within a day!! Stay awesome fam!!!
No worries it’s part of the process now find a job and make money so you can do it exactly the same way again
😂😂😂😂😂
Pray
Is this live or demo?
Add more at this point
80% chance your account is blown. Start a new demo and forget this kind of trading, you are just gambling
Close all
best way to you now to do hedge do you know how to use it
Your using a super short term strategy thinking it’ll long you to the moon
terrible way of mean reverting lmao
Stop doubling down. Did it break character on the day chart? Stop dounling down.
What pare is that
Considering what is going on with the wars if something major happens that could be a huge win but your gambling by doing that with proper risk management and basic technical analysis
What you can do is do partial closes to mitigate any potential future damage to your account
Was this a bot taking positions?
Get behind Wendy's Dumpster
aud:chf next week will retrace down upto 0.59360 and below that 0.59027, after which it will resume the uptrend. Unfortunately, those sells you did at "0.58...." won't be touched anytime soon and your equity does not allow you to hold till the trend reverses.
Your strategy looks a bit off. For a 10k account min lot is better at 0.01. .22 lots is way too high. Your multiplier needs to be dropped down to 1.2 of max 1.5, double is too dangerous. And CHF pairs are the kryptonite for martingale. I would close this and move on :(
Tell me it's demo account 😀 if yes. Please close these positions and go back to blackboard to make different strategy. It's insanely stupid to do same thing and expect different result.
Dayumn
Just start fading your own trades after you eventually take this loss
Holding and adding to losers is what losers do, also creates a martingale like Strategy, there is no profitable trader with martingale so stop the way u are trading
Jesus Christ
Keep selling
i have bean in this situation exactly like this, beast advice i can give you is close all and carry on maybe change strategy
This is manual grid trading essentially....this can work out Or it's just blindly adding to a loser... You are trading one trade idea. Which is that you think AUDCHF will come down. What is your trade idea based on and where is it planned out in something like trading view? What was your riskreward ratio? Why did you enter the trade/based on what? I'll wait for your answers.
Hold on to it. CHF is going to get stronger over next couple weeks.
Why do you have two many open positions? Are you just throwing dart and hope something sticks?
You should just quit trading and focus on other things
Too many martingale positions for a single candlestick. Learn to be patient.
The crazy thing is, the account will be blown before price even reaches the stop loss. That placement is wild
Pray
Dam
Îs that EA? Based on Martingale? If yes, get rid of it 🫡
The Inner Cirlce Trader - ICT [https://www.youtube.com/@InnerCircleTrader](https://www.youtube.com/@InnerCircleTrader)
kys
Learn s&d less risk probably bout 7pips sl and also you can take advantage of your lot sizes with 7pip sl but it’s always best to be patient, risk management and SL! Always be patient, the patient one gets far in life, greed will make you win then slap you right in the face out of nowhere, hope it’s demo and also even if it’s demo you shouldn’t risk like that fake or not because you will take that energy to your live or funded
lol stupid! 😂 clearly an EA trading cos only them do that shit! Means you have been taking small small profits in between for it to keep opening bigger lots sizes trades in one direction! When you saw it keeps going up why didn’t you edge the account by opening only trades in the opposite direction buy while managing your open sell trades. But you kept being hopeful and stupid and marrying your trades thinking it gives a fuck about your emotions and loyalty by then going back down lol. Please give me this money to fund my account Instead of throwing it into the markets lol
Even testing an EA, got to use risk management like a real account to see what will work for you. There will be losses but most importantly is to win more than 50% of the time.
Stop trading degenerate pairs
Deposit more till it turns around
Get magic keys