June 17th Greek Elections Will you be Flat the Euro?

Discussion in 'Forex' started by ElectricSavant, Jun 14, 2012.

  1. I've been short AUD/USD since before I can rermember and will probably die with it
     
    #121     Jun 21, 2012
  2. they really do seem to for me.

    AUD/EUR was just fantastic during that whole crisis move, smooth as a baby's bottom

    bad when you're on the wrong side like I have been in audjpy
     
    #122     Jun 21, 2012
  3. I don't really like it, but the market forced me to do it. I had to go short CHF/JPY

    If you're a Martingaler like me, you also need to add to some winners

    Like my old man always use to say, "You can't do one without the other."
     
    #123     Jun 22, 2012
  4. This way you slow your rate of loss while you ride things out?
     
    #124     Jun 22, 2012
  5. I pick a currency that I either believe is going to chop or trend. Then I try to play both sides of it.

    I'm almost always underwater

    In many cases I'm betting a hundered dollars just trying to win a dime

    although I'm new to forex, I've been trading a long time

    that's why it always cracks me up when some kid comes up with a rule

    but yes, for the most part I am chicken shit scared, and always looking for a way to slow my loss

    back in the old days it was fun, but I don't know what ever happened to all the bold traders
     
    #125     Jun 22, 2012
  6. Laugh if you want, but I do have one rule I learned at an early age when I had less than 2k committed to a bad hog trade, and that is, "Never spread a loss."

    Now, we have a few crazy rules, like we never mix milk and meat, but all of us occasionaly eat a peperroni pizza or a cheesburger

    But that's one thing me or my family will never do

    "Never spread a loss"

    Thanks boss, that was good advice

    (not only did he give me the advice, but he wouldn't let me put it on)
     
    #126     Jun 22, 2012
  7. They all finally retired, or 2008 caught them over leveraged and over positioned.

    Ultimately tho, I think they just got greedy. Bulls, bears, and pigs.
     
    #127     Jun 22, 2012
  8. Lucrum

    Lucrum

    they tell you that themselves did they?
     
    #128     Jun 22, 2012