THE WORST DAY FOR GBP SINCE 1848

[mriulian]

Hi guys,

Is anyone that is good at investments?

Today I lost more than 20.000$ with GBP/USD.

The market was kind of down yesterday and I was waiting for a bumping over the day. Now the day is ending and GBP/USD is down to 1.218 in this moment of when we're talking.

I'm not the best at this type of market and I really don't know what should I do. To sell arround 1.225 or to wait to be back to 1.23.

The point is that I'm not having enough to keep it open and mostly I'll be bankrupt by the end of the day.

Well bad month for me .

So what do u think?

[Yogafan00000]

It sounds like you are trading with your emotions.  Since you are not a sociopath, the only way to play is not to look at the price.  Set a sell target and dollar cost average your way under it, if you are currently underwater.

I hope you didn't go full retard.

[European Central Bank]

don't mess with real forex. that's about the only thing anyone can tell you. that is serious business.

[mriulian]

I trade a lot before but not such big amounts. For me 20k are a lot of money.

Usually just like hobby start with 50 euros and in a month easily 200-300. Never lost. But my target was low everytime

I try 75% back at least.

[Shiroslullaby]

Honestly GBP is very risky right now.
No one know what is going to happen with rules and regulations after Brexit.
The value might jump back up or it might continue to drop.
Hopefully there is someone here who can offer some good Forex advice.

[mriulian]

Honestly GBP is very risky right now.
No one know what is going to happen with rules and regulations after Brexit.
The value might jump back up or it might continue to drop.
Hopefully there is someone here who can offer some good Forex advice.

That's why I invested. If you're looking at charts with what happened in the last days I was expecting for a huge getting up enough for was 0.15% from investment point so it wasn't so hard

But after my investment it was down up to 2%. Now is -1.5% . Hopefully it will reach 0.4% to end this continually stress.

What's funny that I just gave up at university because one month ago I wasn't able to pay 50 more euros and now I'm trading 20k...

[LFC_Bitcoin]

Hi guys,

Is anyone that is good at investments?

Today I lost more than 20.000$ with GBP/USD.

The market was kind of down yesterday and I was waiting for a bumping over the day. Now the day is ending and GBP/USD is down to 1.218 in this moment of when we're talking.

I'm not the best at this type of market and I really don't know what should I do. To sell arround 1.225 or to wait to be back to 1.23.

The point is that I'm not having enough to keep it open and mostly I'll be bankrupt by the end of the day.

Well bad month for me .

So what do u think?

GBP will go up a fair bit in the next year or two, now GB doesn't have to give hand outs to broke ass countries from the EU their economy will thrive. I imagine the USD will benefit from this too.

Sit on your investment until markets recover.

[European Central Bank]

Sit on your investment until markets recover.

I think it's safe to assume this guy isn't simply moving dollars and pounds between bank accounts. he's probably balls deep in scary leverage.

[mriulian]

Sit on your investment until markets recover.

I think it's safe to assume this guy isn't simply moving dollars and pounds between bank accounts. he's probably balls deep in scary leverage.

Well I love to be full with adrenaline and for 15 hours I am looking on markets and in half an hour I got my money back now.

I am not quite like you said.


I know that GBP is not having the power and honestly like I was seeing the charts it is possible in math with USD to reach 0
1.19 easily but I hope not today.


Cheers.

[mriulian]

It is official. Today was the worst day in history for GBP since 1848.

[Meuh6879]

So what do u think?

You don't keep all funds in bitcoins ?


... why ... ?





Swiss Francs have  the same problem ... when it loose the magnetic lock with the Euro.

[afbitcoins]

And bitcoin ?

[protokol]

Hi guys,

Is anyone that is good at investments?

Today I lost more than 20.000$ with GBP/USD.

The market was kind of down yesterday and I was waiting for a bumping over the day. Now the day is ending and GBP/USD is down to 1.218 in this moment of when we're talking.

I'm not the best at this type of market and I really don't know what should I do. To sell arround 1.225 or to wait to be back to 1.23.

The point is that I'm not having enough to keep it open and mostly I'll be bankrupt by the end of the day.

Well bad month for me .

So what do u think?

GBP will go up a fair bit in the next year or two, now GB doesn't have to give hand outs to broke ass countries from the EU their economy will thrive. I imagine the USD will benefit from this too.

Sit on your investment until markets recover.

Interesting opinion. I think the exact opposite will happen, IMO Sterling is up shit creek without a fucking paddle.

Some points to consider:

Significant bear market since Brexit vote.
Number of extreme flash crashes (the most recent a few days ago where gbp/usd dropped to somewhere around 1.15) with little sign of support buying and therefore no significant correction.
Current level 1.22 (down from something like 1.55 a year ago)
The "handouts" you mention are:

A. Still being given out as UK is still technically in the EU, and
B. Basically worth fuck all in the grand scheme of things. Roughly £10B per year I believe is the rough figure we give to the EU? Our GDP was $2.7 TR USD in 2013. Also we import a lot more than we export, take a look at this chart: https://www.uktradeinfo.com/Statistics/OverseasTradeStatistics/Pages/OTS.aspx

For a country that imports more than it exports, a weakening currency is bad. The loss of revenue from the increasing price of imports will trickle down and start affecting the general population. It's really bad for savers too (if your savings are in gbp of course).

The only UK companies this is good for are those that rely heavily on exports, preferably using resources that they buy from within the UK.

OP you have balls of steel making long trades right now, I would be shorting the shit out of GBP if I had the capital...

[talks_cheep]

If you still want to live, stay away from windows and ledges.

[oblomov]

Hi guys,

Is anyone that is good at investments?

Today I lost more than 20.000$ with GBP/USD.

The market was kind of down yesterday and I was waiting for a bumping over the day. Now the day is ending and GBP/USD is down to 1.218 in this moment of when we're talking.

I'm not the best at this type of market and I really don't know what should I do. To sell arround 1.225 or to wait to be back to 1.23.

The point is that I'm not having enough to keep it open and mostly I'll be bankrupt by the end of the day.

Well bad month for me .

So what do u think?

It might feel satisfying to pick a bottom, but the tide is going out on risk in general right now.

A good buying opportunity may come in GPB in late Nov/early Dec.  In my view, there are better instruments to trade.

[Meuh6879]

And bitcoin ?

still up slowly ... .

[mriulian]

Hi guys,

Is anyone that is good at investments?

Today I lost more than 20.000$ with GBP/USD.

The market was kind of down yesterday and I was waiting for a bumping over the day. Now the day is ending and GBP/USD is down to 1.218 in this moment of when we're talking.

I'm not the best at this type of market and I really don't know what should I do. To sell arround 1.225 or to wait to be back to 1.23.

The point is that I'm not having enough to keep it open and mostly I'll be bankrupt by the end of the day.

Well bad month for me .

So what do u think?

GBP will go up a fair bit in the next year or two, now GB doesn't have to give hand outs to broke ass countries from the EU their economy will thrive. I imagine the USD will benefit from this too.

Sit on your investment until markets recover.

Interesting opinion. I think the exact opposite will happen, IMO Sterling is up shit creek without a fucking paddle.

Some points to consider:

Significant bear market since Brexit vote.
Number of extreme flash crashes (the most recent a few days ago where gbp/usd dropped to somewhere around 1.15) with little sign of support buying and therefore no significant correction.
Current level 1.22 (down from something like 1.55 a year ago)
The "handouts" you mention are:

A. Still being given out as UK is still technically in the EU, and
B. Basically worth fuck all in the grand scheme of things. Roughly £10B per year I believe is the rough figure we give to the EU? Our GDP was $2.7 TR USD in 2013. Also we import a lot more than we export, take a look at this chart: https://www.uktradeinfo.com/Statistics/OverseasTradeStatistics/Pages/OTS.aspx

For a country that imports more than it exports, a weakening currency is bad. The loss of revenue from the increasing price of imports will trickle down and start affecting the general population. It's really bad for savers too (if your savings are in gbp of course).

The only UK companies this is good for are those that rely heavily on exports, preferably using resources that they buy from within the UK.

OP you have balls of steel making long trades right now, I would be shorting the shit out of GBP if I had the capital...

24 june 2016 from 1.5 to 1.33.

I'm keeping my trade open. Now I'm in minus 35k$ . So out of kind of everything.

Waiting for the next hours. It will be intersting.

USD/JPY is going nice ofc too.

[Kakmakr]

You have balls of steel, or shit for brains to trade in this Brexit environment. Most people are running to Safe heavens, like Bitcoin & Gold & Silver in times like this. ^hmmmm^ Just have a look at this : https://uk.finance.yahoo.com/news/pound-already-fallen-off-one-082131083.html

What were you thinking?

[mriulian]

I was waiting at Smith like this at the end of tomorrow. If today I would have 1kk$ I'll still buy more and more.

[European Central Bank]

that sounds like the essence of degenerate gambling to me but if that's what you wanna do, go do it.