Originally posted by ales
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There is no crystal ball on this one. In my opinion, it is a situation where the trader does not know which way this is heading and is locked into a hedge to try and guess the next move with his knowledge of multiple facets that move markets.
The only problem here is no one knows which way the market is going to go and it is all about risk management. To risk so much capital and continue to try and get out of this predicament for a measly couple of pips is risky.
I am just about to take the hit and close all trades. I have seen so many traders fail miserably on here who could not accept a loss. No matter how much knowledge of the markets it is all about risk management and know when you are licked on a certain trade/basket.
Good luck Jay. I will continue to monitor closely to ascertain if I need to jump ship.
In Jays defence he has stated his drawn down levels and has not exceeded that. I guess this is my problems since I should have read the T&C of his risk profile.
Kind Regards.
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