Wow!! 19.00 hours GMT And My $2,000 Nearly disappeared in Smokes
It just happened and i nearly panicked with sweat running down my spine. It was on the 13th of April, 19.00 hours. I don't usually sleep or keep away from my screen when trading. Yes, Stop Loss and Take Profit are there, but i prefere my eyes seeing Profit or loss coming and knowing where i am heading.
I had stepped away to get a hot cup of hot cappuccino and boom price started dropping on my chart, depleting my $2,000 greatly. After watching for two minutes i jumped out. I had lost $300. I wanted to cry, but smiled and continued watching. The drop continued till 20.00 hours GMT. Hundreds of accounts had been liquidated from my research, especially novices who could not set Stop Loss or those who set at the wrong levels and lost heavily. If you snooze, you lose. No, i won't sleep. I ain't taking that kind of chance anymore. If i can't watch, i close all my trades.
I kept watching and after about one hour the prices started climbing again, but slowly, so i entered the market again at this low level with my $1,700. As i write now, my funds had returned though slowly, to $2,100. Not too bad. But prices are still fairly low and uncertain.
Watch, study, do your research and don't sleep on your money. My view.