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marketsmart · 11-18-2007, 03:45 AM

OK. I have to admit I fucked up. I tried to let me cockiness of currrent gains affect my trading strategy.

As of 11/17/2007 i am short on the Euro at $2195 in at $776 loss. Normally, I would cost average down, which I just did in the last 24 hours (a;though I said I wouldn't).

I expect to make up my losses by the end of next week.

I just wanted to be honest in terms of loses versus gains...

So, I was up over 3 days at $2780 and now since the loss I am at $2003.89 profit. I have not liquidated my position yet and actually increased my position to $300,000 at 200 to 1... So, I will update you at the end of next week as to where I am.,.

Now, In regards to some of the people I chatted with and some of the comments here, yes, FOREX is like gambling... It can be very risky, especially if you don't know what you are doing..

However, if you believe (like i do) that the dollar will continue to decline against the Euro, in my book it's easy money...

I will keep you posted,.....

11-18-2007, 03:45 AM
marketsmart HOMICIDAL TROLL KILLER Industry Role: Join Date: Dec 2004 Location: Sunnybrook Institution for the Criminally Insane Posts: 20,419	OK. I have to admit I fucked up. I tried to let me cockiness of currrent gains affect my trading strategy. As of 11/17/2007 i am short on the Euro at $2195 in at $776 loss. Normally, I would cost average down, which I just did in the last 24 hours (a;though I said I wouldn't). I expect to make up my losses by the end of next week. I just wanted to be honest in terms of loses versus gains... So, I was up over 3 days at $2780 and now since the loss I am at $2003.89 profit. I have not liquidated my position yet and actually increased my position to $300,000 at 200 to 1... So, I will update you at the end of next week as to where I am.,. Now, In regards to some of the people I chatted with and some of the comments here, yes, FOREX is like gambling... It can be very risky, especially if you don't know what you are doing.. However, if you believe (like i do) that the dollar will continue to decline against the Euro, in my book it's easy money... I will keep you posted,..... Last edited by marketsmart; 11-18-2007 at 03:47 AM..