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Millions in the Hole


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Guys, here's a thread for fellow traders who are many millions in the hole on their trades to tell your stories & give mutual support.  

Currently have a E/U short almost £860 mil in the red. Any advice greatly appreciated, cheers 👍

Screenshot_20210518-084148_IG Trading.jpg

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26 minutes ago, AxisOf said:

Guys, here's a thread for fellow traders who are many millions in the hole on their trades to tell your stories & give mutual support.  

Currently have a E/U short almost £860 mil in the red. Any advice greatly appreciated, cheers 👍

Screenshot_20210518-084148_IG Trading.jpg

Wow . Why did you put the position on in the first place ? Just want to get an idea on your process ?

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22 hours ago, BigDeal said:

..go down the pub,  don't worry about it.   It'll be fine on a few hours

I took your advice and I'm still there. Probably for the best 👍

 

22 hours ago, BigDeal said:

 

 

Edited by AxisOf
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3 hours ago, ratnakarpa said:

Not a great situation to be in.

If I am you, I would keep adding very small amount progressively to average it further and get out at a better position. Good luck.

I kept adding like you said & now it's more than ONE BILLION POUNDS DOWN 😭

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On 18/05/2021 at 09:55, AxisOf said:

Guys, here's a thread for fellow traders who are many millions in the hole on their trades to tell your stories & give mutual support.  

Currently have a E/U short almost £860 mil in the red. Any advice greatly appreciated, cheers 👍

Screenshot_20210518-084148_IG Trading.jpg

How the heck do you get to -860 million with 10 coins a point. What is the margin factor in that market ?

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On 18/05/2021 at 09:55, AxisOf said:

Guys, here's a thread for fellow traders who are many millions in the hole on their trades to tell your stories & give mutual support.  

Currently have a E/U short almost £860 mil in the red. Any advice greatly appreciated, cheers 👍

Screenshot_20210518-084148_IG Trading.jpg

whom are you kidding here?

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Guest Apache scalper

I would treat it as a scalp, wait for a dip trade reversal in your favour and use two times bigger then the trade your down, this way it only has to clime back half way up the hole for you to take profits after all trades are closed , you just got in too early find the bottom!

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