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Thread: Ouch!!!!!!!!!!!200 pip stops hurt!

  1. #1
    When your stop is 200 pips off and get hits it hurts like a mothhhhhher.... I can hear Scotty in the background yelling Shields collapsing Captain! The marketplace is telling me it's useless to resist And do not have more than one position like me open. I reason I'm in this problem now is that I broke my rules just this one more last time. Oh, well my understanding continues. I will take my baby into the Olive Garden have me a fantastic pasta dish and a few good times. It knocked me down but noway did it knock me out. Trading forex is your best!

  2. #2
    Blue thats just one hell of a stop! Giving a lot of space to breath are ya?

    What's the transaction?

  3. #3
    It'll hurt more if the charts turn around.... but ya ouch....




    Mike...

  4. #4
    Quote Originally Posted by ;
    blue thats one hell of a halt! Giving a lot of room to breath are ya?

    What's the trade?
    The Eur/USD I was fading it. And now got my arse kicked.

  5. #5
    Quote Originally Posted by ;
    blue thats one hell of a stop! Giving a lot of room to breath are ya?

    What's the trade?
    My graph said long, however...I've been competing with a friend and wanted to make more on a retracement, got involved with the trade and tried to salvage it, if have let it all go. Gonna let the game proceed about competing with somebody else.

  6. #6
    I have used 200 pip stops on swing trades and they were no problem. I guess it depends on what type of risk you're currently taking. My 200 pip declines were no longer than 5 percent that is a risk. 2% is a lot better. I certainly don't recommend risking 5 percent on a single trade anymore.

    So as fijitrader would state, if losing 200 pips is debilitating then you want to reduce your position size to the point at which it's OK. Providing a 200 pip loss is standard to your own egy.

    Wiz.

  7. #7
    Quote Originally Posted by ;
    I've used 200 pip stops on swing trades before and they were no problem. I guess it depends on what sort of risk you're taking. My 200 pip declines were no more than 5 percent that's a big threat. 2% is a lot better. I certainly don't recommend risking 5 percent on a single trade anymore.

    So as fijitrader would state, if losing 200 pips is painful then you want to reduce your position dimension to the point where it's OK. Providing a 200 pip loss is normal for your own egy.

    Wiz.
    Yes, I concur with Fiji counsel, by the way how is he doing? Have not heard from him.

  8. #8
    Quote Originally Posted by ;
    Yes, I concur with Fiji counsel, by the way how is he doing? Have not heard from him recently.
    Sorry to bum in. . I think he is on a trip right now. . However he didn't say for how long. .

  9. #9
    Quote Originally Posted by ;
    I have used 200 pip stops swing transactions before and they weren't any problem. I guess it depends on what sort of risk you're taking. My 200 pip losses were no more than 5% that's a large risk. 2% is much better. I certainly do not recommend risking 5% on a single trade.

    So as fijitrader would state, if shedding 200 pips is painful then you need to reduce your position dimension to the point at which it's OK. Providing a 200 pip reduction is normal to your egy.

    Wiz.
    I agree entirely! The number of pips which you win/lose is immaterial! The percent of your account is what it significant. I would rather lose 200 pips that was 2% of my account compared to 20 pips which was 10 percent of my account.

    Simon

  10. #10
    Quote Originally Posted by ;
    I agree entirely! The number of pips that you win/lose is immaterial! The % of your account is what it important. I would rather lose 200 pips which was 2% of my account than 20 pips that was 10% of my account.

    Simon
    I'm sorry 200 pips is 200 pips and that I don't enjoy losing that.

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