Comments on: Taking losses. http://fxmadness.com/2008/11/29/general/taking-losses/ This blog goes where few traders dare - the exciting world of Forex outside the dollar! Sun, 22 Apr 2012 16:22:11 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: uberVU - social comments http://fxmadness.com/2008/11/29/general/taking-losses/comment-page-1/#comment-4966 uberVU - social comments Thu, 21 Jan 2010 14:33:39 +0000 http://fxmadness.com/2008/11/29/general/taking-losses/#comment-4966 <strong>Social comments and analytics for this post...</strong> This post was mentioned on Twitter by FireandSword: Trading is challenging, and, unfotunately, taking losses is part of it. http://cli.gs/ddGWGE #currencies, #market... Social comments and analytics for this post…

This post was mentioned on Twitter by FireandSword: Trading is challenging, and, unfotunately, taking losses is part of it.
http://cli.gs/ddGWGE
#currencies, #market…

]]> By: Twitter Trackbacks for Taking losses. | fxmadness.com [fxmadness.com] on Topsy.com http://fxmadness.com/2008/11/29/general/taking-losses/comment-page-1/#comment-4336 Twitter Trackbacks for Taking losses. | fxmadness.com [fxmadness.com] on Topsy.com Sat, 21 Nov 2009 13:49:52 +0000 http://fxmadness.com/2008/11/29/general/taking-losses/#comment-4336 [...] Taking losses. | fxmadness.com fxmadness.com/2008/11/29/general/taking-losses – view page – cached Everybody who has taken more than few trades knows that some of them result in loss. Some people stay in loosing positions in hopes for markets to turn around [...] [...] Taking losses. | fxmadness.com fxmadness.com/2008/11/29/general/taking-losses – view page – cached Everybody who has taken more than few trades knows that some of them result in loss. Some people stay in loosing positions in hopes for markets to turn around [...]

]]> By: admin http://fxmadness.com/2008/11/29/general/taking-losses/comment-page-1/#comment-148 admin Sun, 30 Nov 2008 17:59:23 +0000 http://fxmadness.com/2008/11/29/general/taking-losses/#comment-148 Whichever book you are reffering to might very well be right, but you still must make some adjustments to fit your own comfort zone. Whichever book you are reffering to might very well be right, but you still must make some adjustments to fit your own comfort zone.

]]> By: Michelle http://fxmadness.com/2008/11/29/general/taking-losses/comment-page-1/#comment-147 Michelle Sun, 30 Nov 2008 15:28:00 +0000 http://fxmadness.com/2008/11/29/general/taking-losses/#comment-147 This makes perfect sense. I've been trading using a fixed ratio to determine my stop/loss, an advice from one the better Forex trading books on the market. But I must admit they are a little too big. I seem to dwell on them a lot. I think you are right, cutting position size should be easier psychologically. This makes perfect sense. I’ve been trading using a fixed ratio to determine my stop/loss, an advice from one the better Forex trading books on the market. But I must admit they are a little too big. I seem to dwell on them a lot. I think you are right, cutting position size should be easier psychologically.

]]> By: admin http://fxmadness.com/2008/11/29/general/taking-losses/comment-page-1/#comment-146 admin Sun, 30 Nov 2008 15:20:23 +0000 http://fxmadness.com/2008/11/29/general/taking-losses/#comment-146 Since you lost half of your money, seems like the system you are using is a loosing one. While it could be a fluke, due to unusual market conditions over last few months, unless the system has a proven record of recovering from this kind of losses, you might have to get another system, or better yet, develop your own strategy. Contact system seller for historical results, the more the better. "Proper" size depends on your own risk tolerance and that's what this article is about. You can start trading with no margin, say $7000-7500 lots. 100 pips loss would be about $70-75 and very somewhat depending on the currency you trade. If you find that you can sleep easily after an average loss, bump the size up to about $10,000 and trade that for a while. Keep doing it untill you find comfortable trade off between gains and losses. But first of all, give this system a second look. Good news is, with Oanda you can trade any size you want, to a single dollar. Since you lost half of your money, seems like the system you are using is a loosing one. While it could be a fluke, due to unusual market conditions over last few months, unless the system has a proven record of recovering from this kind of losses, you might have to get another system, or better yet, develop your own strategy. Contact system seller for historical results, the more the better.
“Proper” size depends on your own risk tolerance and that’s what this article is about. You can start trading with no margin, say $7000-7500 lots. 100 pips loss would be about $70-75 and very somewhat depending on the currency you trade. If you find that you can sleep easily after an average loss, bump the size up to about $10,000 and trade that for a while. Keep doing it untill you find comfortable trade off between gains and losses. But first of all, give this system a second look. Good news is, with Oanda you can trade any size you want, to a single dollar.

]]> By: BJ http://fxmadness.com/2008/11/29/general/taking-losses/comment-page-1/#comment-145 BJ Sun, 30 Nov 2008 15:01:12 +0000 http://fxmadness.com/2008/11/29/general/taking-losses/#comment-145 About 6 months ago I bought a trading system and opened an account with 15,000 dollars. By now I have about 7200 left. Losses vary from 200 to 450 dollars. What should be my proper position size and a stop loss? My broker is Oanda FX. About 6 months ago I bought a trading system and opened an account with 15,000 dollars. By now I have about 7200 left. Losses vary from 200 to 450 dollars. What should be my proper position size and a stop loss? My broker is Oanda FX.

]]>