Oops

Discussion in 'Trading' started by farmerjohn1324, Apr 3, 2020.

  1. southall

    southall

    Whats the biggest losing trade you ever had.

    I think mine was losing $50,000 on a Dax trade, back in 2013, was long time ago i. dont remember the details. I might have lost more once on a trade in ZN during NFP back in 2009. Not quite sure.
     
    #111     Apr 5, 2020
  2. This one.
     
    #112     Apr 5, 2020
  3. southall

    southall

    How do you feel?
     
    #113     Apr 5, 2020
  4. Don't care that much.

    Just last week, I had ~$9,000 of surprise expenses related to site work on a property I'm building on.

    It's not much different than that.

    I'd rather it not happen again obviously.
     
    #114     Apr 5, 2020
  5. niko79542

    niko79542

    What happened here? Quite a suspenseful thread of holding 7 contracts over the weekend.
     
    #115     Apr 8, 2020
    Actuarial_Fun likes this.
  6. If the OP is real, I think he needs to research contango. I don't know why you would ever hold oil futures for several months. You'll get absolutely killed by contango, especially in this environment. I don't get whats so bad with trading oil contracts 6 months out, personally, although maybe a bit odd. I understand why you wouldn't want to do it, but I missing why it's that bad of a decision. Before he did the math on what each tick costs and decided to exit quickly, it sounds like the OP was going to buy and hold for several months where liquidity wasn't an issue.
     
    #116     Apr 9, 2020
    niko79542 and MichalTr like this.