Ignorance Is No Defence

[Forexmospherian]

I don't see how , as stops aren't guaranteed , so easily one could have been happily daytrading long USD/CHF then boom ! Not to mention when you daytrade with a tight SL you tend to bet bigger . Lets face it its a dangerous game no matter what , unless you trade options - long only - .

http://www.trade2win.com/boards/general-trading-chat/116962-catastrophic-event.html

Hi Tar

What's your thoughts on my idea ?

ie Post 992 on this thread -

http://www.trade2win.com/boards/tra...-forex-market-make-consistent-profit-100.html

No wind up - I respect your thoughts and ideas in normal mode

Regards

F

 

[kalott]

Was trading DAX @ 25 per point on 3K account.

no stop-loss?

 

[Jack o'Clubs]

Was trading DAX @ 25 per point on 3K account.
Long of cause.
Checked the FF calendar did not see the rate call by the Swiss bank.
Was it there, was there after the event, can not prove it either way.
My fault should have checked the Daily FXCM calendar, lot more info.

Wiped the 3K out plus owe them about 6K, well known market maker.
Phoned them said that I had been with them for nearly 10 years.
And some days do close to 100 trades per day.
So they improved the get out price, so the end result was pay 6k and have put the 3K account back.
Happy with that.
Most years I will blow the account 2 times a year, just not this early in the year.
Mostly will blow up with self destruction, time for a week off.

That's my story back on the DAX horse each day.

Should add I look to take winnings out each day.

Jeez. The Dax is about 10,500. So you were trading more than a quarter of a million notional with 3k of capital. Madness. Out of interest what broker do you use?

 

[Sonicscooter]

Was trading DAX @ 25 per point on 3K account.
Long of cause.
Checked the FF calendar did not see the rate call by the Swiss bank.
Was it there, was there after the event, can not prove it either way.
My fault should have checked the Daily FXCM calendar, lot more info.

Wiped the 3K out plus owe them about 6K, well known market maker.
Phoned them said that I had been with them for nearly 10 years.
And some days do close to 100 trades per day.
So they improved the get out price, so the end result was pay 6k and have put the 3K account back.
Happy with that.
Most years I will blow the account 2 times a year, just not this early in the year.
Mostly will blow up with self destruction, time for a week off.

That's my story back on the DAX horse each day.

Should add I look to take winnings out each day.

Perhaps you need to read the stickies on Money Management and Risk.....do you "trade" for a laugh.............bizarre madness.

 

[tar]

To bet 25 euro on FXCM's Dax you just need $2250 + cushion haha

 

[tomorton]

DAX went to all-time high on 16/01 when the SNB announcement came out so what was the problem being long? Have you got your markets mixed up?

And £25 per point on the DAX? Surely you mean £25 per pip?

 

[tar]

DAX went to all-time high on 16/01 when the SNB announcement came out so what was the problem being long? Have you got your markets mixed up?

And £25 per point on the DAX? Surely you mean £25 per pip?

But it initially dropped a few hundred points ...

 

[tomorton]

To think about what you have said

Sorry, got it.