Forex Day Trader's Thread

Aussie is horrifically oversold on the 4hr chart and is bottoming out in RSI and about to bottom in the stochastics.. I'm scalping for 35 pips long at 89.92
 
well, you just need to stop for the day to clear your head and then start making $10,000 trades until you can build back up, or at least get enough money for plane tickets. Just wait for high probability trades to come along.. I'd short any decent rally in Euro for example, or use a sell stop below 1.475

How did you lose 98% of your account?
 
Got some bad trades.. Made one mistake and tried to build it back.. When I came back to reality was too late..
 
Kind of black week.. Is funny somehow..

I dont even have a ticket to go home!! Ha! What do I do? What do I do?
 
Wiping out is something that has to happen in order for you to cut out your bad habits.. My philosophy is that if you don't wipe out now with and lose $5,000 you'll wipe out eventally with $50,000.. Just make sure you keep enough money in the account to make $10,000 trades and build up again.. Will probably take months, but you can do it.
 
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