is it just me or is anyone else getting completely raped at the moment?

[mb11]

All my shares just keep tanking, i havent seen this kinda drop in my holdings for at least 2 years,

i keep getting close to opening a FTSE short but justr keep telling myself its due a turn around any minute and not placing the short

damn its quite painful seeing all your profits shrink so much and some turn into losses

how do you guys handle such a downturn in all of your holdings?

 

[Trader333]

Trade what you see and not what you think or hope for.


Paul

 

[mb11]

Trade what you see and not what you think or hope for.


Paul

but i can't read the future?

 

[scose-no-doubt]

I had to close out my margin shares CFDs today. Hammered mate.
If I can offer any advice from my experience just cut and run at the first signal and don't hope and hold.

 

[BeginnerJoe]

I wait a couple of years and everything is good to go again. At times like this, do a warrent buffet and become a lifetime investor.

 

[andycon]

i keep getting close to opening a FTSE short but just keep telling myself its due a turn around any minute and not placing the short

The above statement implies you can see the future

 

[brewski1984]

I've stayed out all week apart from 1 breakeven trade on monday. I've been hoping to get short something but I've had no entries, it's irrelevant how far the market drops/rallies if you're not in it.

 

[BeginnerJoe]

Great. I just sold short and the price immediately reversed. From where I am standing, it's a bull market.

 

[scose-no-doubt]

F*cking robots

 

[anley]

how do you guys handle such a downturn in all of your holdings?

It's all about time frame.

If you're a long term investor then these things happen. Look at how they bashed the market over the Arab problems 4-5 months ago, then look how the market bounced back with a vengeance. Not saying we're going to bounce back from here but most investors have to take the rough with the smooth.

But if you know the value of your stocks then perhaps now is the time to buy, but only real quality......

 

[Hotch]

It's not just you, but then again, that would be true at any time.

 

[Doomberg]

Don't mean to sound like a tw at but i have had one losing trade out of 27 trades in August

 

[barryb]

Don't mean to sound like a tw at but i have had one losing trade out of 27 trades in August

tw at:cheesy:

 

[Pazienza]

Don't mean to sound like a tw at but i have had one losing trade out of 27 trades in August

You don't mean to, but you do.

August I had 9 winners, 2 loosers, and 5 break evens.

 

[Doomberg]

You don't mean to, but you do.

August I had 9 winners, 2 loosers, and 5 break evens.

Lol if it makes you feel better, the one losing trade i had was today, and i opened up a stake size 5x bigger than i normally do...

So my loss of -19 points x5 actually works out at -95 normal points, but i somehow saved the day and have finished +48

 

[Hotch]

Like a Baus

 

[Trader333]

I have merged the two versions of this thread into one.


Paul

 

[Pazienza]

Lol if it makes you feel better, the one losing trade i had was today, and i opened up a stake size 5x bigger than i normally do...

So my loss of -19 points x5 actually works out at -95 normal points, but i somehow saved the day and have finished +48

Yeah, it does make me feel better.

And learn some money management beeyotch. 5 times normal size? Fool mus' be crazy, sheeeeeeit.

 

[BeginnerJoe]

Re: is ity just me or is anyone else getting completely raped at the moment?

But if you know the value of your stocks then perhaps now is the time to buy, but only real quality......

Buy banks. Since they have most of your money, they are sure to be quality.

 

[Black Swan]

Short answer is no, but it's been a very poor week, sticking to my rules made me see profit evaporate and winners turn into losers, however, sticking to my rules also made sure I came back from the darkside (200 pips down) and finally into profit, approx 70 for the week on eur/usd and that's it for me this week...

Three trades this week, two losers one winner so satisfying in some respects; the edge works (if my nut is in the game etc.) would post up a pretty chart with lines and funky indicators but this iPad doesn't do java..Might post it later...