Thursday, 4 September 2014

Live Update - September again

It seems that For 333 is going to crash again. What should we do and what are my main thoughts about it?


Keep calm!
First of all I would like to say that - even if yesterday I posted anticipating the possibility of a loss sooner or later and I remembered that September was not a good month in the history of FOR333 - I did not imagine that it was going to happen so soon.


In fact today For 333 opened and closed a position with a loss of 64 pips and it has now 5 opened position totaling around 250 in losses.


It is the typical case you doubt about the professionalism of Zulutrade trader. In fact today it was a very critical day for trading as there was the Draghi speech and it was very easy to forecast that it could have an impact on EUR/USD cross.
Let's say it was not the best time to trade.

Our Chinese trader opened its trades and now we are looking with anxiety our accounts.

What should we do?

According to my experience I would recommend monitoring the opened position and keeping calm.

In particular I would say that it is of primary importance not adding positions and stay calm until positions are not closed. If the situation got worse it could be useful to close opened position, but basically now I will sit and see what happen.

Fortunately my setting are super prudent so my virtual losses are still limited.

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