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On the horns of a dilemma - Trade or not?

peachynicnic Updated 3 Oct.  in #Miss Dukascopy 2014 #Trade #Choice #Dilemma
After a month of waiting, Miss Dukascopy August results of are finally out. Thanks those who has supported me. Had it not been for your help, I would not have achieved it.
After the celebration (no celebration at all, just be happy for a couple of minutes), alright, gonna face another problem.
What to do with the prize? I read carefully the blog written by Nick:
We remind that August is the last month in Miss Dukascopy where participants have a choice weather to have the prize funds transacte…
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fxsurprise8 4 Oct.

are you sure the turnover is 1.5 mil? They instituted that in late August so your August win should be with 0.5 mil?

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peachynicnic 4 Oct.

fxsurprise8 I have already asked about it, yes 1.5M. But it makes no difference between 1.5 and 0.5 lol .. Still a gigantic amount !

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TradeTrading 6 Oct.

I don't consider very fair this Dukascopy politics with miss aspirants... why they should force an aspirant Miss Dukascopy, and not an aspirant trader, to do a turnover in a real account before can take its price?! Seems not really fair....

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peachynicnic 7 Oct.

TradeTrading No free lunch in the world, you play the game, needa follow the rules no matter it is fair or not

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TradeTrading 7 Oct.

Sure, but it is still not fair :P

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“Dilemma followed by Regrets – Any solutions?”

A15612P Posted 8 Jan.  in #Emotions #Greed #Dilemma #Tradestrategy #Regrets
Hello All,
Greetings!
As we know that the contest result for Dec 2013 is out, I would like to especially congratulate the winners, and say good luck to all the
rest of the contestants.
Today’s topic I wanted to discuss about is “Dilemma followed by Regrets – Any solutions?”
I am sure that all of you have experienced this situation one time or the other. Some of you may even have overcome it. But at the same time, there may be many out there who are still left out with nothing but to wonder about…
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jezz avatar
jezz 8 Jan.

Do not try to lose more than you can afford... that includes money as well as emotions... competition is not the same. Otherwise, if the market is going really for you, just set the SL above the price you bought so to guarantee a profit (not possible in trader contest)

Daytrader21 avatar
Daytrader21 8 Jan.

Part of the solution has already been given out by you. What I can add to your valuable advice is that most often if you can't hold your position after it has gone in your direction is partially because your type of personality want instant gratification and you most likely are better off if you're doing short term trending rather than long term trading. Secondly one way to shift the odds in your favor is by knowing the market microstructure that you're trading, this gives you the advantage to make a better judgement if the move is genuine or not.

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A15612P 9 Jan.

Absolutely!!!

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