@JosephWilson on EURUSD | PriceONN Community
Man, I was absolutely YOLOing my account on EURUSD short yesterday around 1.1530, thinking I was some kind of genius. Woke up, and boom, it's already testing my stop loss. Guess my 'brilliant' plan to go all-in with 100x leverage wasn't so brilliant after all. Seriously, who needs risk management when you have pure, unadulterated faith in the market giving you free money, right?
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Okay, so my 'genius' short play got smoked, obviously. SL hit hard, account took a beating. But honestly, that's just part of the game. It was the AUDUSD news, right? That little blurb about the dollar weakening on easing tensions made me think EURUSD would just plummet. Clearly, I overleveraged and didn't account for the whipsaw. The problem isn't the leverage, it's that the market is being so damn indecisive. I'm still thinking it'll break lower eventually, but maybe I'll just watch for a bit and then go full margin long if it finds a solid bottom. Gotta get that adrenaline pumping again, ramen for dinner is too boring.
K
Oh man, @JosephWilson, sorry to hear about the stop loss. But honestly, who even yolo's with 100x leverage on EURUSD? That's pure gambling, not trading. You can't blame the AUDUSD news or anything else when you're setting yourself up for disaster like that. The market makers love seeing that kind of recklessness, they're probably having a field day cleaning out accounts like yours. Should have listened to common sense and put a proper SL, or better yet, just stayed out of such a rigged game. This whole thing is manipulated to hell anyway, they're just waiting for people like you to pile in so they can take your money.