No Rules - High Risk Capital Building from £3k

[episteme]

i'll try and answer question slater.

More. Buy 1.0106 @£10pp.

Trade average £50pp 1.0122

 

[Paulie_5]

Hi episteme,
I'm curious to know how you're able to function doing your day job knowing that you've got £40.00 p/p riding on a high risk 'gamble' trade. Perhaps you're a stunt man or undercover copper or F1 driver. Those environments might be enough to take your mind off your trades! But if you're stuck in a humdrum 9-5 office environment shuffling paper, it must be a helluva job to concentrate on the task in hand! Perhaps you're self employed and can do as you please?
Tim.

I'd be really interested to know what you do for your day job too ...

 

[episteme]

Go into a meeting looking like i'm heading to be up - out of it over £2.5k down. I knew the new lows were trouble earlier.

What can I do ? £10pp @ 1.078.

Trade average £60pp @ 1.0115 - Account death @ 1.0013

Heading home - will respond when I get there.

 

[elitejets]

NOOOOOOOOOOOO
It can't be over I was trading vicariously through you.

Take the loss, get back in the game with another trade

 

[episteme]

No I'm not taking a loss at these prices. I would enter it now looking for it to come up, so I'm going to stick with it. I may have to take a loss if I don't want to hold overnight - but I think I will get a better price than this before then. I've still got £5k at the moment so it's not so bad just yet.

 

[episteme]

So what do I do? I run ICT programmes as an independant consultant, can't tell you who for though. So some of the reasons I can not stress about this account are.

1) I have quite a busy and stressful job that I don't have time most days
2) I'm desensitised to large amounts of money, to a first approximation this account size is 0.
3) I'm not emotionally invested in it as I have written it off mentally as a total loss.
4) It's not my main trading account - let alone my main savings account.

 

[forker]

here is something you might not have thought about.. dont you think any major gains might implant some emotional baggage that could give you bad habits or expectations from your real trading account.. personally i believe gambling is for casinos...

 

[episteme]

Maybe and I think I acknoledged that risk on page one - but now I actually think the opposite will happen. As the account size grows I bet I start gambling less and less and trading more and more. But we shall see.

 

[episteme]

Closed the £10pp from 1.0078 for £220.

Puts trade average back to 1.0122 @£50pp. Balance right now is £6680 so all back in good order.

I am considering leaving this overnight with a limit on a profit if I don't get out before.

 

[matrader]

Go to user cp then "edit my details" on the left hand side and change location and save it. It should do the trick.

eur/gbp one of the most painful things to watch. Some of the jpy pairs can be too as at times they're really slow then just start spiking on their own accord.

Thanks...when I checked it was set as UK...so not sure what Im doing wrong,but its only a flag at the end of the day.
Do you still talk to pippy?

 

[episteme]

put the £10pp back in at 1.0094, so back up to £60pp. Going to hold this overnight and see what the morning brings - no TP. I may give this some room to let it run over the next day or two. A pullback to 1.0160 is likely by may reckoning still (and that may be just the start of much bigger things too I reckon), but i'll see what I think in the morning.

 

[Masquerade]

Thanks...when I checked it was set as UK...so not sure what Im doing wrong,but its only a flag at the end of the day.
Do you still talk to pippy?

Weird, you should look into changing that - people will think you're less intelligent. I know where he resides, I haven't popped in for maybe a week or so - been a bit crazy for me & haven't felt in the mood for it.

 

[episteme]

Closed all out @ 1.0125. Account Balance £8174. :clap::clap:

I'll be looking for USD/CAD to come back for a double bottom now. I could trade that from work without the TA.

I admit that last trade was dodgy - but it was profitable!

 

[trendie]

Closed all out @ 1.0125. Account Balance £8174. :clap::clap:

I'll be looking for USD/CAD to come back for a double bottom now. I could trade that from work without the TA.

I admit that last trade was dodgy - but it was profitable!

dont know whether that was brilliant trading or just plain luck.
your style reminds me of counter_violents thread of managing trades.

 

[matrader]

Weird, you should look into changing that - people will think you're less intelligent. I know where he resides, I haven't popped in for maybe a week or so - been a bit crazy for me & haven't felt in the mood for it.

Lol - True. I will contact the site techies for help.

 

[matrader]

Closed all out @ 1.0125. Account Balance £8174. :clap::clap:

I'll be looking for USD/CAD to come back for a double bottom now. I could trade that from work without the TA.

I admit that last trade was dodgy - but it was profitable!

Well done!
Double bottom in what time frame.....for todays range only or yesterdays low?
Just trying to get my head round your (tremendous ...so far) trades.

 

[episteme]

Best TF to see it would probably be 1HR. I'd be interesed again under 1.0090. Again - if it makes a new low though beware.

 

[matrader]

Best TF to see it would probably be 1HR. I'd be interesed again under 1.0090. Again - if it makes a new low though beware.

Oki Doki - lets see what happens.

 

[episteme]

Just to be clear - I'm not saying that is what it will do - I'm saying if it does that then I'm interested.

 

[episteme]

I know what I said above - but I'm long USD/CAD @1.0107 £20pp. No TA to time entry so a bit of a punt.

If it drops i'll hit again no doubt. Lets call it building a position shall we?