Do full-time forex traders exist or is it just make believe?

Discussion in 'Forex' started by zbojnik, Apr 4, 2013.

  1. Well of course you are. You always seem to be shorting the EURO one way or another. By the way, didn't you go short EUR/USD somewhere around 3200. You must be feeling pretty good about that trade. Well done. I went long at 3100 (.39960 to be precise)
     
    #701     May 3, 2013
  2. that's just one trade out of a thousand

    no, I don't feel good about it

    if I felt good about it I would have to feel bad about the other ones, because I am a very fair man

    otherwise, yes, I am short eur

    it's nothing personal
     
    #702     May 3, 2013
  3. short from 3212

    with a limit in to sell just as much from 3096
     
    #703     May 3, 2013
  4. Well you just keep shorting the Euro because everytime you do I make more money. Nothing personal, of course. :p
     
    #704     May 3, 2013
  5. You mean buy to cover don't you, or are you adding to your current short?
     
    #705     May 3, 2013
  6. no, I never cover, all I do is add

    if I get a pull back (pull up) to 3096 I want to short some more
     
    #706     May 3, 2013
  7. You cover indirectly with a stop (ideally a trailing stop if profitable)?
     
    #707     May 3, 2013
  8. no, never trailing stop

    adding a trailing stop was the one tweak that just turned the whole thing to hell

    no, never a trailing stop

    I don't use stops

    once you get stopped out that money is gone

    there it sits in your realized pnl never to be recovered again

    and these kids talk about it like it is no big deal
     
    #708     May 3, 2013
  9. Oldtime, you got me really confused. If you don't use stops, don't use trailing stops, don't cover, how the hell do you ever get yourself out of a trade with money?

    Yes, you're just messing with me. You told me yesterday that you were stopped out of your shorts, or were you caught without your shorts? :D
     
    #709     May 3, 2013
  10. well first of all, since I average down, I don't end up with a full load unless I am really wrong

    and once I have a full load on I have no choice but to scale out with stops

    and it's a real bitch when one gets hit because that is money that is gone, poof, vanished

    taking a profit is a different matter

    I don't like to talk about it

    It is a kind of a sacred moment

    But when it's been a while it is not uncommon to have a pre mature ejaculation
     
    #710     May 3, 2013