All Forums | Investments

10/15....all by myself

Participants:
Search model icon
Views: 708
Posts: 69
 
Hall of Fame
Participation Meter
Joined: Sep, 2007
Posts: 26848
Posted: #26
Going to try to get this up to .9630.  Will be a very large gain if it can get there.
 
Hall of Fame
Participation Meter
Joined: Sep, 2007
Posts: 26848
Posted: #27
Your losing money tonight bucknuts.  This pair is going straight up right now
 
Hall of Fame
Participation Meter
Joined: Sep, 2007
Posts: 26848
Posted: #28
damn, it dropped a bit.  Not going to get greedy, going to bail soon 
 
All-Star
Participation Meter
Joined: Jan, 2006
Posts: 14915
Posted: #29
Hope you guys do well tonight.
 
 
 
Veteran
Participation Meter
Joined: Mar, 2007
Posts: 1066
Posted: #30
Icemantbi,

With 1,000 dollars, do you put it all into one trade or do you work with smaller amounts? How much of a return to you expect from a 1000 starting bankroll?
 
All-Star
Participation Meter
Joined: Jan, 2006
Posts: 14915
Posted: #31
Ice-
 
Who is that in your avatar?  I need to find that fine piece of woman on the internet.  Hahahahahahaha
 
Hall of Fame
Participation Meter
Joined: Sep, 2007
Posts: 26848
Posted: #32
Done, I'm out at .9640!  Got better than what I wanted.

Gain of 45 pips.

Starting to fall again, made the right play I think

Total gain of 67 pips today.

 
Captain
Participation Meter
Joined: Oct, 2005
Posts: 8951
Posted: #33
Quote Originally Posted by icemantbi:

One of the things I don't like is the fact alot of these currency pairs have big spreads to overcome.  The main ones are fine, but the CAD/CHF pair has a spread of 10 pips.

The one night im not home theres people in here...........

Ice you want to be careful of the pairs with the large spreads they move alot,its good to find the signal and see if the pair will do what you thought but it will only take being wrong once in one of those pairs and youre done.Stick to the USD pairs or smaller spreads...at least to you got a bigger roll...

Patrick as Ice said open a practice account and follow along when you get the chance......you can even look back at the thread and look at the charts to see why we made the trade...

 
Hall of Fame
Participation Meter
Joined: Sep, 2007
Posts: 26848
Posted: #34
Patrick,
You do not put the entire amount on one trade.  The $1,000 is considered your margin.  That's the amount of room you get to play with.  With a mini account, you are trading 10,000 lots at 200:1 leverage.  So when you open a trade, you are using $50 of your margin.  You start off in the hole no matter what, because the way the brokers make money is by the spread.  You buy a currency at the higher number, but you have to sell at the lower number.  So you need the lower number to cover the pip spread to make a profi.  For example, take the EUR/USD pair.  To buy EUR you have to pay 1.3359, yet the sell price is only 1.3357.  So when you buy EUR, you start off down 2 pips.  2 pips is standard with EUR/USD, because it's the currency with the most volume. 

Now once you open your position, it either goes for you or against you.  If it goes for you, and the value increases, your golden.  But if it goes against you, youl will take a loss of up to $1,000.  If your position drops your marging to $0, you get a margin call and the broker ends your trade and you end up with an empty account.  So you have to make sure you know what you are doing, and that you don't sustain a loss big enough to clean out your margin.

Clay, that' Christinamodel, you can find free pictures of her all over the net. 
 
Captain
Participation Meter
Joined: Oct, 2005
Posts: 8951
Posted: #35
Quote Originally Posted by PatrickBateman:

Icemantbi,

With 1,000 dollars, do you put it all into one trade or do you work with smaller amounts? How much of a return to you expect from a 1000 starting bankroll?

When you start with a $1000..each trade you make you can/should[its your $]start trading just 2 lots at a time...in a mini account pips range from $1-$2 per.so if you made a trade with 2 lots for 40 pips thats $80..

When you trade really your entire account is on the line,so if you jump in the wrong pair and it goes against you BIG its up to you to decide how much you lose..you have to see a good reason on the chart to get in

 
Captain
Participation Meter
Joined: Oct, 2005
Posts: 8951
Posted: #36
man USD/CAD wnnet through 1.18 to 1.1793 and i first sold at 1.1912.......i havent taken nearly enough pips outta my last 5 trades
 
looking through the charts will post in a few
 
Captain
Participation Meter
Joined: Oct, 2005
Posts: 8951
Posted: #37
hey Ice EUR/GBP is ready to go.......im buying 2 lots going for 20-30
in at .74524
 
Hall of Fame
Participation Meter
Joined: Sep, 2007
Posts: 26848
Posted: #38
I'm on it myself.  Got it at 0.7757
 
Captain
Participation Meter
Joined: Oct, 2005
Posts: 8951
Posted: #39
wrong price .77524.....would be nice if it was .74 id be up 300 pips
 
Captain
Participation Meter
Joined: Oct, 2005
Posts: 8951
Posted: #40
BAM............this is gonna be quick..up 4 pips
 
Captain
Participation Meter
Joined: Oct, 2005
Posts: 8951
Posted: #41
nevermind.it was just alittle 8 pip rush..now im down 5
 
Hall of Fame
Participation Meter
Joined: Sep, 2007
Posts: 26848
Posted: #42
I'm confused.  Did you buy or sell?  I bought and I'm down already
 
Hall of Fame
Participation Meter
Joined: Sep, 2007
Posts: 26848
Posted: #43
Quote Originally Posted by bucknuts:

nevermind.it was just alittle 8 pip rush..now im down 5


Ah, that's what I thought.  It spiked up for a short while, but has dropped.  Stick with it, I think this goes up
 
Hall of Fame
Participation Meter
Joined: Sep, 2007
Posts: 26848
Posted: #44
Buying 2 more lots at .7752 to average.
 
Hall of Fame
Participation Meter
Joined: Sep, 2007
Posts: 26848
Posted: #45
It's slowly turning our way, we just jumped the gun a little early
 
Captain
Participation Meter
Joined: Oct, 2005
Posts: 8951
Posted: #46
yeah we r in good shape it just went off for a second.thought it was gonna b anothe 8 min trade....as long as it get there i dont care how long it takes
 
Captain
Participation Meter
Joined: Oct, 2005
Posts: 8951
Posted: #47
i woulda waited to average Ice.if it moves against us here you would want to save that for the 20s....i wont average unless im down at least as much as i looking to make on the trade....and even then ill wait if its moving quick
 
Hall of Fame
Participation Meter
Joined: Sep, 2007
Posts: 26848
Posted: #48
I wish all the trades were the 8 minute variety.  But as long as your up, it doesn't really matter how long it takes.
 
Captain
Participation Meter
Joined: Oct, 2005
Posts: 8951
Posted: #49
USD/SGD is ready to be sold.but its a slow mover even though it has a large spread.....im not going to trade it since im in a trade right now but lets see where it goes....at 1.4808
 
 
Captain
Participation Meter
Joined: Oct, 2005
Posts: 8951
Posted: #50
this pair is all over the place.....it either shoots up or falls off the table here
All Forums | Investments
About Us
Contact Us
Careers
Our Team
Brand
Testimonials
Betting Guides
Sportsbook Reviews
Sports Betting News
Podcasts
Responsible Gaming
Sports Betting
US Betting Sites
Canada Betting Sites
Canada Casinos
Best Betting Apps
Contests
Streak Survivor
King of Covers
Ultimate Race
Office Pools
The Covers community has
618,670
lifetime members worldwide
Covers 25 Years Logo Established in 1995,
Covers is the world
leader in sports
betting information.
Site Map Help Privacy Terms of Service youtube logo facebook logo twitter logo instagram logo linkedin logo google news logo
Covers is verified safe by: Evalon Logo GPWA Logo GDPR Logo GeoTrust Logo Evalon Logo
Copyright © 1995 - 2025 CS Media Limited All Rights Reserved.

If you choose to make use of any information on this website including online sports betting services from any websites that may be featured on this website, we strongly recommend that you carefully check your local laws before doing so.It is your sole responsibility to understand your local laws and observe them strictly.Covers does not provide any advice or guidance as to the legality of online sports betting or other online gambling activities within your jurisdiction and you are responsible for complying with laws that are applicable to you in your relevant locality.Covers disclaims all liability associated with your use of this website and use of any information contained on it.As a condition of using this website, you agree to hold the owner of this website harmless from any claims arising from your use of any services on any third party website that may be featured by Covers.