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116 Posts Total by "new pip":
84 Posts by member
New Pip
(birmingham, United Kingdom)
32 Posts by Anonymous "new pip":
 
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New Pip
birmingham, UK
Posts: 84
15 years ago
Aug 20, 2009 13:10
In Thread: Speculators' Futures FX Positions
Spec,

BTW , Good luck in your live trading.
New Pip
birmingham, UK
Posts: 84
15 years ago
Aug 20, 2009 13:09
In Thread: Speculators' Futures FX Positions
Spec,

In theory its simple, but live trading beats the daylight out of an individual when the trade is going against you. Yes, you can have the stops in place and you would've assessed the risk, but it still depends on how much you can stomach, and then the stop will relief you of your misery.

Placing stops in the right place is also key and I still need to learn this and apply it with confidence.

thanks
New Pip
birmingham, UK
Posts: 84
15 years ago
Aug 20, 2009 12:00
In Thread: Speculators' Futures FX Positions
Spec,

Controlling your emotions, is the biggest challenge. When you are in the heat of the moment and in the abyss of the markets fear/hope/greed all kick in at once. I understand what Jamal is going through and if we all help each other and support each then we can come along way. Yes, Risk management is very important, but this comes with time and experieance. Normally the individuals funds run out dry and he/she are unable to gain the experiance over time.

Jamal, wait for Ashraf Twitpics and that will give a visability of the markets and take his advice and judgement targets.

Thanks

Saeed
New Pip
birmingham, UK
Posts: 84
15 years ago
Aug 17, 2009 18:22
In Thread: Unsustainable Appetite in FX, Equities & Oil
Ashraf,

I have shorted Gbp/Jpy at 154.16. Can you let me know if this was a good enough entry. Can you advise on where a better entry point would've been.

Many Thanks

Saeed
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