Oh, shoot, I didn't realize you can't edit posts here.
So here's a new post instead, and an addition, having caught up on the thread.
I guess I'm stupid since I do let my trades run many hundred pips in the red, and thousands of pips, when combined (shoot, just the three shorts of 1.9987, 1.9992, and 1.9995 accounted for about 2000 pips, and that's without my 2.00xx, 2.01xx, 2.02xx, 2.03xx, etc shorts). But I did it, and it worked out for me.
And I'm stupid since I hedge, which any self-respecting, professional, experienced trader apparently doesn't do.
So call me stupid if you will, but I'm not going to let it make me sad, because I just put things in perspective for myself - do you know how much trading and how many pips it takes to triple $2k, if you're trading micro lots, where your pips are worth $0.01-0.1? So, I must be doing something right, no?
And on that note, cable just dropped to 1.9972, and my 1.9987 short now has a stop loss of 1.9980. I'll probably get stopped out within minutes, maybe too soon (imo - I still contend that there's more room on the downside), but I guess I shouldn't be greedy.
I still have all my 600's - upper 2.00xxs shorts, with stoploss at 2.0100, and I have micro longs at 2.0000, 1.9990, and now, 1.9980, with open buy orders every 10 pips down. With how many shorts I have, I can go all the way down to 1.89ish to be fully hedged and still in the green
