But it is going to open gap down. Price is rising ATM, who knows where it will be at open. Open for me is 4PM EDT.
Although I look at the price movement in GJ as early as noon through esignal.
I do not know who is trading now, but someone is putting in orders and buying and selling GJ.
You should be very conservative, unlike me as more than once I have lost about 80% and then went and lost another 80% of my remaining 20%!
SO that cowboy stuff and not feeling like caring about the rest takes the rest away.
I would try to hang on. I would try to get more money in your account. Stop buying for now. COllect interest. Use only one minilot units if you do.
I think 200 is going to have to be the bottom here. Its yen and dollar strength kicking GJ now. Now way the sorry ass USD can hold these values against the pound, 195.30's is way low. SO that hurts too! And yen kicking USD also hurts! I think the yen has to chill and the GBP has to come back against the dollar. There is no valid reason USD should be stomping on GBP now. Things in the USA are far grimmer than UK.
I am hesitant to get long at this point without grabbing them quite a bit lower like around 198 until I see what is on her mind for the week.
Quote:
Originally Posted by pipsquito
Elijah...thanks for all the posts...I will respond to your email privately...
But...for now...what would you suggest can be done with $9,000 balance and a $6,000 draw down? If price does not go down, but instead starts up, I will hopefully start to profit, but I think my lowest long trade is at 204 something (I think...the broker wiped out most others.)
Should I just sit and let it go, not playing it at all to try to get my balance healthy? Or should I make an attempt to save some of this, and make some trades? At this point it is a crap shoot for me, and I don't really see having an alive account at all it is so margined out.
Just don't know what to do with this situation before I re-fund my account...and get back in the saddle!!! I am NOT revenge trading. I made a calculated risk, and I lost. That's life. This will not stop me from trading...I do not trade with money I cannot afford to lose...there is more where that came from for sure. I am not rich, but I believe you have to take risk to make money. I have learned a lot from this, and will not make the same mistake again...that's for sure.
Todd
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