Jump to content

Should I close down on a loss?

Recommended Posts

I have traded before and did well, however now I’m completely stuck, with the positions as you can see, they all seem to clean out my savings... should I pump in more cash or just make a massive loss? 

 

I’m in need of some advice! 

D1532CC5-0705-4D77-8CC5-903840A2C3BC.png

Share this post


Link to post

Tough call, the market is sure to rebound but how long that will take isa nones guess. Can you afford to hold massive loosing positions that will potentially get much worse before they get better?

Share this post


Link to post

Tricky one mate. This is why stops help unless you are scalping and infornt of the screen. Yes I agree there will be a correction its when is the big question? Remember this, might help: 

Markets are like a lift going down but then users the stairs to go back up. Good luck and let me know how you get on?

TreV

Share this post


Link to post

Join the conversation

You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
You are posting as a guest. If you have an account, please sign in.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Member Statistics

    • Total Topics
      12,782
    • Total Posts
      65,656
    • Total Members
      86,443
    Newest Member
    heikka
    Joined 24/10/20 07:53
  • Posts

    • My brain isn't working properly any more
    • I would says so, unless you are dealing with short time frames and large sums of money and you are able to be glued to the screen 100% of the time and give it your full attention.
    • So that's a bearish candle, after an up move that's running out of steam (with small read bodies and long legs), falling back down towards established Fibonacci levels, with a MACD crossing from above 0 and RSI below 50     At one point I had the RSI set to 9, and that additionally gives an overbought divergence (price goes higher but RSI doesn't).  This also gives a nice oversold indication when the move down is coming to an end  
×
×