Brewski Trades

This is a discussion on Brewski Trades within the Trading Journals forums, part of the Reception category; DAX target hit for ~+77.5...

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Old Sep 6, 2017, 12:38pm   #46
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brewski1984 started this thread DAX target hit for ~+77.5
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Old Sep 6, 2017, 2:02pm   #47
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brewski1984 started this thread DAX gone mental why did I close

I'll be looking to short DAX somewhere above 12270 may as well rinse it both ways
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Old Sep 6, 2017, 5:19pm   #48
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brewski1984 started this thread Well this is boring
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Old Sep 6, 2017, 6:19pm   #49
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brewski1984 started this thread Got rinsed shorting usd/jpy, just shorted DAX as above... I'll post a screenshot later
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Old Sep 6, 2017, 7:42pm   #50
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brewski1984 started this thread Bought gbp/usd as well now, screenshot will be posted in a couple hours when I get on my computer.
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Old Sep 6, 2017, 8:51pm   #51
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brewski1984 started this thread OK screenshot attached, you can see the two trades that are open and the usd/jpy loss in the blotter so everything is genuine.
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Old Sep 7, 2017, 9:40am   #52
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brewski1984 started this thread All I can see today is having another go at shorting usd/jpy from around the same area as yesterday, I'd really like to trade Oil but I don't have a sufficient account to have a wide enough stop with CMC minimum stakes of 50p a point. I'd have a guess a lot of people lose their accounts by thinking they can deposit a few hundred quid without realising 50p a point is too high risk for that size - they are set up to fail before they've even started.
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Old Sep 7, 2017, 10:14am   #53
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brewski1984 started this thread DAX gone crazy and I'm taken out
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Old Sep 7, 2017, 10:20am   #54
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Quote:
Originally Posted by brewski1984 View Post
DAX gone crazy and I'm taken out
Light weight.
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Old Sep 7, 2017, 10:23am   #55
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Originally Posted by EnlightenedJoe View Post
Light weight.
My risk is controlled
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Old Sep 7, 2017, 11:01am   #56
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Originally Posted by Larrystone View Post
Your position is a gamble. Have you factored in slippage?
My prediction : after 50 trades you'd be losing money or at best break even .
Explain why
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Old Sep 7, 2017, 11:15am   #57
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Explain why
He's trying to say you need to use options. This guy is foroom V2.
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Old Sep 7, 2017, 11:21am   #58
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brewski1984 started this thread Figured he was and I bet he doesn't give a decent reply either.

My prediction: after 50 trades he will be losing money
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Old Sep 7, 2017, 11:31am   #59
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brewski1984 started this thread Target just hit on gbp/usd
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Old Sep 7, 2017, 11:39am   #60
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Originally Posted by Larrystone View Post
Here's a few reasons;-

1. You are not hedging by using other instruments.

2. You have not factored in slippage .

3. You have not explained how to overcome a loosing position.

4. Your positions is a HEAD OR TAILS outcome. Similar to placing chips on black / red on roulette.
I love playing roulette
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