I don't know how to describe Friday? Friday's trading day was really weird for me. I did not open any trades as I had 3 trades open. GBP/USD, USD/SEK and EUR/SEK.
First let's start off with the bad part, I got hit with margin call . It's not that I was not aware of Friday's trading margin 1:30 but I timed it slightly bad. During Euro session I did not get time to close GBP/USD when it hit as low as 1.6611. I missed that by a minute . By the time my platform opened, it already went up above my market price So I thought of not closing it hoping to come down again. And it did come down again during late US session but it was kinda late.
To avoid margin call I reset MY SL for GBP/USD when it was going down. I had it set to 1.6657 hoping it would hit my SL and I only suffer 10k.
But it looks like it did not hit my SL and played close to it. if it would have hit my SL and closed the trade my leverage would have been fine and I would not have any margin call thus closing all three trades and removing all my signal subscribers.
Now the good part, I had about 145k drawdown from three trades and I got hit with margin call I only lost about 62k which is not a bad thing considering the drawdown I had. Finally it also moved me one place up which was quite surprising.
I guess it was better to lose 62k instead of 145k? Who knows what might happen last five days? I would try my best to make the loss I suffered in last 5 days and reach atleast 400 which I am aiming for quite a sometime. If you all like trading style feel free to resubscribe or subscribe me !!
Cheers !!
First let's start off with the bad part, I got hit with margin call . It's not that I was not aware of Friday's trading margin 1:30 but I timed it slightly bad. During Euro session I did not get time to close GBP/USD when it hit as low as 1.6611. I missed that by a minute . By the time my platform opened, it already went up above my market price So I thought of not closing it hoping to come down again. And it did come down again during late US session but it was kinda late.
To avoid margin call I reset MY SL for GBP/USD when it was going down. I had it set to 1.6657 hoping it would hit my SL and I only suffer 10k.
But it looks like it did not hit my SL and played close to it. if it would have hit my SL and closed the trade my leverage would have been fine and I would not have any margin call thus closing all three trades and removing all my signal subscribers.
Now the good part, I had about 145k drawdown from three trades and I got hit with margin call I only lost about 62k which is not a bad thing considering the drawdown I had. Finally it also moved me one place up which was quite surprising.
I guess it was better to lose 62k instead of 145k? Who knows what might happen last five days? I would try my best to make the loss I suffered in last 5 days and reach atleast 400 which I am aiming for quite a sometime. If you all like trading style feel free to resubscribe or subscribe me !!
Cheers !!