There's one word Ego. That's in my opinion anyways.
Or maybe stupidity. Allow me to see now....Originally Posted by ;
Lets say that moderate MM for a % of account is 2-4 percent. If I am at risk of a margin call, I am risking not th 2 -4 % but instead almost 100%. A little screwed up imo. Reminds me of me a while back...
There was a thread that I read where a man was having enormous returns and someone checked the statement that he was exchanging 1 MINI per $1000 of account for GBY....and no given stop.
Maybe both Mike....ego and stupdity.
A Clear and well written trading plan that includes obvious entrances, exitis, and SL. . .and the area!Originally Posted by ;
Go get em...
Jimno
Margin call is most of the time that the result. In second place would be not cutting the reduction.
The antidote is attached to your shoulders. You have to determine why you're trading. If it for amusement and also to declare the occasional winning commerce here on FF then continue trading as you have done. If it is a company and you wish to enhance your income or reside as a professional then you have to control your losses. Nobody can make that decision for you. Neither situation is horribly bad, you only need to decide where you're going to take this.Originally Posted by ;
With no math.... You should not be doing FX... period!!!
Originally Posted by ;
You should only be risking 1-3 percent of your account at any one time... that the only way that you might find a margin call then is if you do not use a halt, then proceed on vaion...
This implies.... When you place your trade... if it moves all the way for your stop, you should only eliminate maximum 1-3percent of your account.... A margin call should not be a consideration... that you MUST calculate!!! This implies math!!! If you do not know that math, you are still in junior high school, or failed some really important classes!!!
In case you don't know these things... stop trading before you know them... if you need help.... get it !!!! Before you eliminate all of your money!!!
Originally Posted by ;
FOREX IS NOT SCIENCE! FOREX IS ART FOR ME! Offensive word removed THEORY USE INTELIGENCE AND INSPIRATIONOriginally Posted by ;
For starters many traders do not even Understand all nessecary details about their broker's margin call policy
Second they don't have an specific plans on where to get out, they just start a Transaction and see Exactly What it Will
I Believe it does not matter If you are risking 2% or 20% with one Transaction but you Ought to Know the level Where you Aren't interested to maintain that position anymore Rather than hoping for the best All of the time
I like to keep things easy. I trade the setups I see. I Utilize stops incremental stops and TPs and tend not to watch price too frequently whilst in a trade as there's not much point, as the decision is made to trade. Even if I lose it is not a terrible transaction, because I traded my installation.