Help I am in Huge loss NIckel
- Thread starter xception
- Start date
I bought nickel today 1004
Now its 954 and still going down
Should i exit now at this loss
or can i wait for it to raise
Can some one help me with the trend of nickel in next days
please reply
Now its 954 and still going down
Should i exit now at this loss
or can i wait for it to raise
Can some one help me with the trend of nickel in next days
please reply
I bought nickel today 1004
Now its 954 and still going down
Should i exit now at this loss
or can i wait for it to raise
Can some one help me with the trend of nickel in next days
please reply
Now its 954 and still going down
Should i exit now at this loss
or can i wait for it to raise
Can some one help me with the trend of nickel in next days
please reply
Everyone who trades here needs to understand that :
1. When you enter a trade you must know why you entered. At some price point that reason is proved wrong. This point is your stop loss.
2. You need to size your position at 1-2% of your account when you begin.
3. This means that you never lose a lot of money
4. Please only trade mini contracts when you begin
5. You have to take resposnibility for your trading. No asking in panic for help on a forum. What if someone gambles and says your trade will ultimately move in profit and is proved wrong. Do you wish to lose money ?
6. Please be aware of obvious stop points since stop sweeps are used by large players for filling positions.
:clap::clap: Well Said by gaurishh :clap: :clap:
Why did u get into a trade when in the first place you don't know the very reason of taking a market position?
Later when the market pulls back, you're panicking & I'm 100% sure that you were praying !!
I hope this may help you a bit:
Wishing you Best of Luck !!
Why did u get into a trade when in the first place you don't know the very reason of taking a market position?
Later when the market pulls back, you're panicking & I'm 100% sure that you were praying !!
I hope this may help you a bit:
Code:
http://www.traderji.com/introductions/40680-need-guidance.html#post432692DO NOT PICK A SWORD in a battlefield and then panic - first learn how to USE it and only then, come to the battlefield
Wishing you Best of Luck !!
Nickel is bearish on the daily charts, there is a good trend short from 1090. The market has entered into very strong volatility. If possible short when it returns to value.
You can trade long only after there is a good strength on daily chart as the weekly looks still bullish.
Trading commodities without knowledge of the markets is suicidal. There are chances that your capital is made to zero in just a days trade.
Risk less that 2% on any trade. Nickel had a beautiful bull move from 974 and got sold at 1134 with a 160 point gain. A trade should pop out of charts and ask you to trade it. Don't squeak on your charts.
Trade mini contracts, get experience and only then move to bigger products. GOLDM and SILVERM are very much there for beginners. Still smaller is GOLD GUINEA.
I believe to see you again in this forum in flying colors. Thank you.
You can trade long only after there is a good strength on daily chart as the weekly looks still bullish.
Trading commodities without knowledge of the markets is suicidal. There are chances that your capital is made to zero in just a days trade.
Risk less that 2% on any trade. Nickel had a beautiful bull move from 974 and got sold at 1134 with a 160 point gain. A trade should pop out of charts and ask you to trade it. Don't squeak on your charts.
Trade mini contracts, get experience and only then move to bigger products. GOLDM and SILVERM are very much there for beginners. Still smaller is GOLD GUINEA.
I believe to see you again in this forum in flying colors. Thank you.
Nickel Close on 06-05-2010 : 997.00
5day EMA is at 1064.
IF you've paid M2M and your position is open, aim for 1011 and 1050.
Overall trend is bearish.
------------------------------------------------
Status check : 07-05-2010. Nickel down close to 2% in Intl market.
Book you loss ASAP if you haven't done so already.
5day EMA is at 1064.
IF you've paid M2M and your position is open, aim for 1011 and 1050.
Overall trend is bearish.
------------------------------------------------
Status check : 07-05-2010. Nickel down close to 2% in Intl market.
Book you loss ASAP if you haven't done so already.
Last edited:
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