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Posts by "new pip"
116 Posts Total by "new pip":
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Posts by Anonymous "new pip":
Thanks for your input to the forum. You are short on the oil. This bit me yesterday and am scared to go short in case it goes up. 73 short sounds good, but what about the stop. I want to get in.
BTW , Good luck in your live trading.
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
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
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
I thankyou everyday. May the grace of God be with you. Jazakallah Khairun (May God reward you in abundance)