You'd be surprised how often I misclick and lose 2 pips!
Or Go into some short and get in too soon (too low) and get out too quick (too high). So I quit shorts all together as it generates madness.
I do love FXSOL for having the ability to go short and long at the same time.
That is novel. And if I can figure out how to "straddle" the fence and gaurantee get them 100% of the time I will be doing that too.
It's just too hard to be a regular trader and be right 50/50 and have a 20 pip SL and a 50 pip TP and you will be up on average 30 pips a trade. The trouble is waiting and waiting for the right setup.
I only do minilots for now but was thinking a micro account would be ideal then I could play them every 10 pips at 10 cents a pip and they could run me down to 180's and my margin would still be ok.
Quote:
Originally Posted by pipsquito
Ha! You can't help yourself!! I came home seeing it had dropped 50 pips and I too jumped in and placed some buy limits below 204.49...plus one right on top of it.
I realized I had two orders in here for 1 full standard lot! Talk about clicking the mouse when I shouldn't! I have placed all other trades at 1/10 standard lot (1 mini). Those two got mixed up and I bought the wrong number of lots... 
What a dufus!!
So that is why my draw down is so bad....
They were bought up in the 207's...long way to go to get them off the books.
You say you can go ahead and take the loss leader as a loss just to get rid of it...but that would spoil your 99.99% win rate!  Actually, losses are to be expected, eh? I certainly would think that would be a legitimate cost of doing business!
210...........
Todd |