Hello expert traders i have an appeal please i am stuck in to much losses please i need help can some expert froext trader help me how to fix my account and how to get out from the mes which i have created please please help em some one please dont tell em to close all loss orders please dont ignor my message help me some one please Thanks
i a still waitign for soem help please
timsk
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Hi samekhan,
You definitely need to 'close all loss orders' immediately. If you don't, the mess you're in will only get worse. Much worse. Once you've done this, you need to learn to trade properly and, while you're doing that, paper trade a demo account only. Once you have a thoroughly tested trading plan in place - one that is generating consistent paper profits, then and only then transition to trading real money, using the smallest position size that your broker permits. Then, gradually build up your size in tandem with the growth in your account. If things start to go wrong at any point, stop trading real money and go back to paper trading until you've identified the problem and fixed it. To assist your learning and developing a trading plan, look at the links provided in the welcome e-mail that you received when you joined T2W and at the links in my signature, below.
Tim.
NVP
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hey there
firstly lets get all the positions closed .....you need to crystallise yuor losses in order to handle them and your own emotional situation
then step back and go back to demo until you find a system that works for you
if you cant find something consistently profitable - then walk away from trading .....95% of people do and its nothing to be ashamed of
N
Dont let the losses make you paralyzed
better to close all losses and then start again with a open mind, maybe after a break
(and ignore if you have closed the position at the worst time and use this as a reminder what can happen)
and next time use a stop and never move the stop in the wrong direction, it may work once but sooner or later you get burned
better to close all losses and then start again with a open mind, maybe after a break
(and ignore if you have closed the position at the worst time and use this as a reminder what can happen)
and next time use a stop and never move the stop in the wrong direction, it may work once but sooner or later you get burned
Lightning McQueen
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samekhan sorry to hear of your situation 🙁
I expect you aren't right now taking the sound advice of closing the positions well.
can you, as Kaeso has asked, screenshot the positions, we can then survey the carnage and maybe someone can possibly suggest a remedy.
I expect you aren't right now taking the sound advice of closing the positions well.
can you, as Kaeso has asked, screenshot the positions, we can then survey the carnage and maybe someone can possibly suggest a remedy.
NVP
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hey S
i know it feels bad to close the positions ....but believe me all of us trying to help you have been there many many times
and it HURTS !!!
but it is part of the learning curve and path of a trader ............so it must be done
Trading is not easy .....
N
You have posted this same message on three different websites and you have had lots of advice already. Take it or leave it.
please every one just sayign close it close it for expert traders its very very simple job becasue if market goes up then i just need 1 red hourly candle 1 h1 candle and i will be safe if market goes dowen i will be need 1 bull candle and i wil be safe
Lightning McQueen
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without a screen shot showing what you are in and at what point you got in, no matter how good they are at clairvoyance, cannot help other than say close your positions, which in all likelihood you will be told that all over again.
screen shot
timsk
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Hi samekhan,
In my long experience on T2W, I've been in your shoes (as NVP says, most of us have at some point or other) and, additionally, I've read (and replied to) countless numbers of posts by members in the position you're now in. Now, here's the thing. The replies that you and everyone else gets tend to fall into one of two categories:
1. Good advice that you don't want to hear (i.e. close your open positions).
2. Advice that you do want to hear (which isn't necessarily very good).
I suspect you're interested in the second option - so here goes. I recommend you max out your credit cards and borrow as much money from family and friends as you possibly can and then add to your losing positions. When the market turns in your favour (which it will do eventually), you'll be back to break even in no time at all and, thereafter, your losing position(s) will quickly turn into very profitable ones. You can then repay your family and friends with interest. They'll think you're a trading god and insist that you keep their money to trade on their behalf. You'll do that and make you and them multi-millionaires in no time at all.
There you go - are you happy now?
Tim.
Lightning McQueen
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it would appear, if I have understood correctly, that he has by and large managed the position and mitigated his losses, but needs advice on the next step to get out with a more favourable outcome, rather than just closing everything.
from babypips thread
oh probably scratch that he also said -
from babypips thread
oh probably scratch that he also said -
and
Last edited:
mpups
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timsk
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Hi samekhan,
You are a unique trading talent. You appear to have three long positions and three short positions in the same instrument and all six are in the red!!! With the exception of your opening long position, you've managed to achieve this extraordinary feat by buying and selling at roughly the same price. If you're going to add to (losing) positions, at least do it at a more advantageous price, i.e. where value can be found. Unless the trade is profitable, most T2W members would advise in the strongest terms possible that you don't do this, (i.e. never add to a losing position). And then they'd be even more adamant that you don't try and hedge your position by trading in the opposite direction simultaneously in the same instrument. In effect you are now market neutral and have locked in a £5k+ loss.
Your only option now is to do one of two things:
1. Close all positions and learn from your mistakes.
2. Decide which way EUR/USD is going to go, close the positions in the opposite direction and resort to the dirtiest of four letter words (hope and pray) that the remaining positions come good. If you're a true gambler, then you can add yet more positions - but make sure they aren't anywhere near the ones you already have open.
I may be wrong, but I suspect most members will stick with their original advice and tell you the one thing you don't want to hear, i.e. option 1 above. If its any consolation, I've been where you are now and have tried to manage multiple positions in opposite directions in the same instrument and also got myself into a mess - albeit not one nearly as bad as yours!
Tim.
mpups
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close the GBP position and you will be perfectly hedged
Lee Shepherd
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Hi Samekhan,
I've read your posts and looked at your trades. I've also paid attention to your words and how you express yourself given your positions.
In short, this would be best summed up by saying 'what a f**k up'. Sometimes a good slap is sufficient enough to let what you have done, sink in. We're here to make money, not lose it. If you want to lose, got to the casino and gamble there.
You have abused leverage - you need to de-leverage by a huge percentage. This is how you have ended up with a 50%+ loss on your account.
NOTE: There is/are missing trades here. I cannot see/verify where a loss of £1,078.97 is showing. You may have hid these trades for some reason but I feel you may have simply cropped the screenshot. Please re-submit the screenshot with all trades for further help. If you are transparent, others will be too.
You are stressed/panicked - understandably so, I would be too if i were close to losing 50%+ of my account. The reason you are panicked is due to not following your plan (assuming you had one of course). And therefor you did not close down your trades when prompted to do so. If you don't know, don't trade. You don't know what you are doing here (at this juncture) and therefor you should not be trading.
Let's sum up and not waste any more time:
Facts:
1) You are stressed/confused/panicked
2) You are over leveraged
3) You have no idea on what to do next
Solution:
Close all positions - No:1, No:2 and No:3 from above will all immediately disappear
Then re-evaluate what you are doing and what you are setting up to do before entering in to any further trades.
Go back to the drawing board.
Have a good Sunday.
Lee
I've read your posts and looked at your trades. I've also paid attention to your words and how you express yourself given your positions.
In short, this would be best summed up by saying 'what a f**k up'. Sometimes a good slap is sufficient enough to let what you have done, sink in. We're here to make money, not lose it. If you want to lose, got to the casino and gamble there.
You have abused leverage - you need to de-leverage by a huge percentage. This is how you have ended up with a 50%+ loss on your account.
NOTE: There is/are missing trades here. I cannot see/verify where a loss of £1,078.97 is showing. You may have hid these trades for some reason but I feel you may have simply cropped the screenshot. Please re-submit the screenshot with all trades for further help. If you are transparent, others will be too.
You are stressed/panicked - understandably so, I would be too if i were close to losing 50%+ of my account. The reason you are panicked is due to not following your plan (assuming you had one of course). And therefor you did not close down your trades when prompted to do so. If you don't know, don't trade. You don't know what you are doing here (at this juncture) and therefor you should not be trading.
Let's sum up and not waste any more time:
Facts:
1) You are stressed/confused/panicked
2) You are over leveraged
3) You have no idea on what to do next
Solution:
Close all positions - No:1, No:2 and No:3 from above will all immediately disappear
Then re-evaluate what you are doing and what you are setting up to do before entering in to any further trades.
Go back to the drawing board.
Have a good Sunday.
Lee
