Why let yourself be margin called? - Page 2
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Thread: Why let yourself be margin called?

  1. #11
    There's one word Ego. That's in my opinion anyways.

  2. #12
    Quote Originally Posted by ;
    There's one word to describe it; Ego. That is in my opinion anyways.
    Or maybe stupidity. Allow me to see now....

    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.

  3. #13
    Quote Originally Posted by ;
    Hello,

    I've yet to experience a margin call but I do still struggle with letting go of a bad trade and cutting my losses short. I am either( or both). . .an obsessive optimist or a fool. I am doing fairly well but once in a while this ugly habit creeps up. Please those of you who don't suffer with this awful habit or happen to be able to restrain it. . .please provide me the antidote.

    A Clear and well written trading plan that includes obvious entrances, exitis, and SL. . .and the area!

    Go get em...

    Jimno

  4. #14
    Margin call is most of the time that the result. In second place would be not cutting the reduction.

  5. #15
    Quote Originally Posted by ;
    Hello,

    I've yet to undergo a margin call however I really do struggle with letting go of a poor transaction and cutting my losses short. I'm either( or both). . .an obsessive optimist or a fool. I'm doing pretty well but once in a while this ugly habit creeps up. Please those of you who do not suffer with this bad habit or happen to be in a position to control it. . .please provide me the antidote.

    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.

  6. #16
    With no math.... You should not be doing FX... period!!!

    Quote Originally Posted by ;
    Most people (95 percent here) are not mathematics graduated.

    !

  7. #17
    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!!!

    Quote Originally Posted by ;
    yes girlflyer, I concur with you. I believe a lot of newbies get carried out and refuse to accept a loss until they don't have any choice. Strong Risk Management is definately the key to success.

  8. #18
    Quote Originally Posted by ;
    Without a mathematics.... You should not be doing FX... period!!!
    FOREX IS NOT SCIENCE! FOREX IS ART FOR ME! Offensive word removed THEORY USE INTELIGENCE AND INSPIRATION

  9. #19
    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

  10. #20
    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.

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