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GBP who blames whom ?

Quicktrip
Oct 27 2016 at 06:33
8 posts
I actually benefited from the chf bank when they pegged chf to eur. I was long eurchf at the time and watching the charts. In an instant, price started jumping in 100 pip increments in seconds. I got over 500 pips + in the move then in less than one minute. Thankfully, I was not in a gbp trade when that crash happened recently.

MC85
Nov 15 2016 at 17:22
48 posts
Quicktrip posted:
I actually benefited from the chf bank when they pegged chf to eur. I was long eurchf at the time and watching the charts. In an instant, price started jumping in 100 pip increments in seconds. I got over 500 pips + in the move then in less than one minute. Thankfully, I was not in a gbp trade when that crash happened recently.


Yes, and some people who were made a lot in the same way you did with the swiss frank crisis. I think it will always be the case. Important is to be lucky enough on the winning wave!

MC85
Nov 15 2016 at 17:22
48 posts
RichardBills posted:
The SNB and this crash remind again about the importance of portfolio diversification... as always, the individual traders suffer the most.


Good point about the diversification. I also think it's quite important!

NEEnah (NEEnah)
Nov 20 2016 at 07:44
71 posts
Everything can happen and I don't blame anyone here. It is just a very bad luck for the majority of us small traders.

MC85
Dec 07 2016 at 12:52
48 posts
It's over but what will be the next crash and when - this is the question 😄

tradfred (tradfred)
Dec 13 2016 at 07:40
36 posts
MC85 posted:
Quicktrip posted:
I actually benefited from the chf bank when they pegged chf to eur. I was long eurchf at the time and watching the charts. In an instant, price started jumping in 100 pip increments in seconds. I got over 500 pips + in the move then in less than one minute. Thankfully, I was not in a gbp trade when that crash happened recently.


Yes, and some people who were made a lot in the same way you did with the swiss frank crisis. I think it will always be the case. Important is to be lucky enough on the winning wave!


That is what I think. Many take advantage of the 'winning wave', but it is not the fate of small traders. Is there a way to predict these crash?

MC85
Dec 19 2016 at 15:00
48 posts
tradfred posted:
That is what I think. Many take advantage of the 'winning wave', but it is not the fate of small traders. Is there a way to predict these crash?


I don't think we can predict these crashes. It's out of the scope of the small individual trader... But even the big fishes are getting hit by surprise.

jamess2
Dec 20 2016 at 07:23
29 posts
@MC85 And this if that is a terrible surprise. I think small traders should just move cautiously.

jamess2
Dec 20 2016 at 07:23
29 posts
RPatell (RPatell)
Dec 20 2016 at 12:40
64 posts
@jamess2 @MC85 @NEEnah @trill12 @tradfred Guys you are right, I completely agree with you that we should be very cautious especially if we don't have much money to put on the table. No way we can predict these crashes, really, it's not our game to do so but to try and mitigate the risks via diversification, close account monitoring and proper money management. In India people often use astrology to do forecasts. You never know when it will work but it is important to be confident still. Wish you all good luck and safe trading!

Knowledge is king!
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