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 ?
for many months now, i see this kind of things
daily.............
1) London Open very often goes against Frankfurt
Open.....................no problem.............
2) New York Open is like 50/50.............could go along or
against London.....................sometimes, complete reversals
!
3) Dow Open.............total casino..............it will decide
most of the time currencies go up/down.............even by the
HOUR..................LOL
nowadays, it's almost by luck that you
profit/loss...................even with good Price Action at
Support/Resistance also like playing the
roulette................LOL
***) seriously thinking of switching to individual stocks, seems
to have better momentum but never try before..............FX has
too much ranging periods and far too deep retracements (good for
2nd entry, bad for losing previous profits) but the killer part is
it's mirroring of the Dow............
