yes sure, gaps can occur at any time which is why trading at insanely high leverage levels is a bad long-term business decision.
If u wanna get rich, you have to do this sort of trading, high leverage (to a point, i think 10x is excessive) but only on a trade where you have high conviction. I note though you didn't put in a hard stop, which to me is rather troubling and may indicate gambling issues.
ound that's why I always rate trades based on "conviction." I found that although those I had "high conviction" on only performed about as well as those I had "low conviction" on, I sure felt a lot better when I had on a "high."
I am still debating the whole idea of short term vs swing, I entered short GBP/USD 5x levered last night, currently in the green 200+pips. Which in $ terms is nearly as much as my high leveraged short term position made me. However on the 5x leverage swing position my stop was 150 pips. But had I held my original 50x position leveraged position, I would have made over 50% on my account The only real advantage I noticed is the frequency of opportunities in short term trading. I can always adjust the leverage/stops to equal the risk per trade in both strategies.
you're not debating anything. You know all the short term traders who think they can outguess the market are gullible fools. For crying out loud, at one time you were one. Any idiot who can operate a calculator can quickly compute the cost of trading.
What holding period do you consider a guessing game ? Trading is about educated guessing and risk management, who really knows where prices will go exactly unless your cheating. Some people guess what it will do in the next minute, hour, day, week, month or year. Its all the same as long as your making money.
yeah, that's what I was saying. You can always create a trend if you trade large enough. It may be a trend in your favor or a trend against you, but it will be a bona fide trend if you are trading large (no matter how small the move.)
I'm not talking about moving markets. I'm talking about markets moving. And the way to get them moving is to trade closer to margin. You just may find you liked them better when they were not moving.
Exactly, everyone needs an outlet for emotional/sometimes reckless behavior. That's why billionaires often have adrenaline filled hobbies like racing formula 1 cars while their day-to-day jobs are very dry and disciplined.