the problem is that the Dow Jones is the one deciding your
profit or loss most of the time................so many times, i
could be up over a hundred pips or even hundreds of pips and the
Dow can just take it all away.......
well, you should have a trading (strategy plan) for the
night..
Make sure you stick to it !! ie, Must learn cut loss, dun
let your "paper" losses run amok.. (though some traders may say it
is just floating losses.. but the dealing team dun see it that
way... they will Mark-To-Market, calculate your losses and if it is
below the Maintenance Margin (MM in short), they will cut your
position at market price)...
If the market is very choppy, the Exchange will likely
increase the MM and hence the house will increase your MM
too.. [call margin].. top-up....
Most of the speculators (with a short term view) are
intra-day players, hoping to get fast, quick, small
profits. Hence, make sure your losses are relatively small
too (stick to your cut loss level - normally placed below a recent
support level) ... If you use the same trading model on
Equities and apply to Forex &/or Financial Futures... likely
you will regret...
Equities - Die Die also hold... (atmost paid up or park inside
CPF invest a/c).. keeping for your grandchildren. hehe.
Futures - Floating Losses getting bigger... Call Margins.. ( all
instruments are on leverage trading ).
Greed = Misery.... how ?
