Why is that? Too high leverage? I was just making common sense guesses based on movements towards risk havens (and AUD) in the wake of Russia invasion.
It depends on how the trade is going along. There are times, I have huge gains within a week to 10 days. Other times, it takes 1 month or 2 months. Usually, I am out of my trades at the 2 month date. On the other hand, if I lose say, 50% or more of the options premium, I will cut my losses and close the trade. If my mental stop loss is hit, I will exit the trade, even if there is only a small, tiny loss. I am more concerned about keeping the losses small. I can take a lot of small losses knowing, one huge winning trade, wipes out all those tiny losses.
1. Forget fundamentals 2. Learn Technical Analysis so that you know where the best risk:reward plays are 3. Avoid leverage until you're well experienced 4. Trade with stops. If you can't exercise mental stop, place a hard one when you place your trade.
FJ, don't pay any attention to them. Who needs a system. Let 'er rip Skip! Devil take the hindmost. It's only money.
You speak of "50:1" leverage like it's "normal". I've been trading a long time and I've rarely had my leverage at 2:1... and I'm still here. However "pairs" are a bit different in that they bet differential. Then again... BOTH sides can go against you at once, as you well know.
I'd love to ... But then I'd lose my whole account once every week lol I just made $2000 since I made this post! By which I mean that I'm now only down $23k.