I have one high at 209.63 then one at 208.09 and on down to 205.05
30 or so in all. I am treating it like a new cycle because I never closed out the old order. I guess on that last cycle I was up about 3000 pips but got impatient with my loss leader and let it ride for a month and forgot about it.
And sure got close enough to it to close it for a loss and subtract it from the 3000 winnings.
Sometimes you can get tired of waiting for a cycle to complete
and if you are up 9000 pips on that last 3 week cycle like I was before
the old thread got recycled. WHo cares if you close your loss leader for a loss! 20 pips 50 pips 90 pips whatever, subtract that from 9000 you made on the others and you are still up mad pips for 3 weeks.
Its only a loss if you WANT it to be! theoretically you can collect interest until 2099 at which point the interest will be worth 1000's of times what you original trade was. LIek I said before Stop loss orders are for people who WANT to realize a loss! Think about it. I don't want to realize a loss so I never place such orders!
Im down about 5000 pips unrealized with a meager 250 pips banked in 2 days.
and my margin is mad up at 18%
I am not worried. I am in it for the long haul and at 30% interest a month you have some of my money. I am counting on piping them every chance I get. But I dont have sufficient margin to buy down to 203.50 if she makes another run for 203.50. I am expecting to break 205 as more likely than heading back south to 203.50. I don't even know if it sill sink that low overnight. I was favoring a run up overnight if we can make some gains early in Asia.
Quote:
Originally Posted by Bobkat
I love this thread!
What a downturn in price!
rrram2, how are your trades setting? After booking about 40 pips profit this morning, I have two trades that are currently down a combined 600 pips. Before reading your posts, I would have had a heart attack over such a loss!
But wait...it's only a paper loss, an unrealized loss. There is no loss unless I close out that trade. So why close it out at all? After I adopted your paradigm view, I am more ar ease with how the market performs. Guess what? I'm concerned but definitely not worried. Why? Just as you said, the price tends to revert back to the original point of reference or equilibrium if you will.
So now I am laughing all the way to the bank because of the positive interest swap I am earning! BTW, last week I earned 460 pips with only one loss that prevented me from achieving 500 pips with your strategy! If I had not gotten impatient and exited that trade early, all 31 of my trades would have been profitable!
This is FUN!
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I am basically in an old cycle that I never completed
204.50
1 Looks Like .1
Actually, losses are to be expected, eh? I certainly would think that would be a legitimate cost of doing business!
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