🔴How To Partially Remove A Hedge Trade Made Simple

My main thing would be to trade gold and to be patient and not make a mistake.

Okay. This is the problem. Okay, Let me explain to you where the problem comes in. The problem comes in.

You'Re panicking. You want to get rid of your hedge as fast as possible and then you mess it up. Yeah. So how are you.

How you prevent that is as follows. Don't close your hedge on MT4 on the VPS. I've explained this to you guys already. Maybe you missed the point. Maybe I didn't enhance the point. You need to close the hedge on your phone, not on MT4, on the VPS. Okay. Because if you close, if you closing the hedge, if you put in here, okay, 0.01, it doesn't tell you the value of the trade.

Of the amount of money that you're going to close when you close the trade, the amount of, of profit you're going to be using when you close the trade. Right. So this is why you do it on the phone. So here I'm going to, I'm going to swap from right to left on the iPhone. Don't know how to do it on an Android. Yeah. But okay, so if you put here.

It tells you how much money you're going to lose. That's great. So you don't start with a big lot size of, let's say a one lot. Okay. Then you panic and you close it and you mess it up.

Okay. You must start, you must go slowly, my guys, okay. On 0.01, close one out on the, on the, on the plus and the minus on the sell and the buy. Okay. Do that like five times. Get a, get a handle on it. Understand it. Okay. Don't go 0.01 and then go straight to a 0.1.

Go slowly so that you don't wipe your accounts out because a lot of you are like losing money because you're closing out your hedge and you're messing it up. Because you're closing it out. Yeah.

Basically what I'm doing, Alan, now what did you do is like over the past few days now what I've done was messing it up. But what I've done now, and I mean reducing about 5% now is if, if I made $200 for the day, right, I would go and close $100 on red and $100 on blue. So I would equally reduce.

But you can't do it that way. You can't do a hundred dollars. That's what I'm saying to you.

Equal lot size.

Equal lot size. Correct. Okay, so, Leah, let's. Let's do this. Okay, Look, I made. I made good money. Okay? Yeah. So $212.

We're going to do it together. Okay. I've made $212 profit for the week. Okay. That's what I've made. So now we want to close our 200. Well, I want to close out $100. Okay. So I choose my bigger dollar value first. Not the smaller one, the bigger one. Okay, so I'm going to close. I'm going to start closing the 12 lot. So I want to close. We do it together. 0.01. It's $14. So I can see what it's going to be on the other one. Okay, we're gonna. And you click on the close button. Right? Done. Right. So now you can see at the bottom there, it's 12 point. Let me just move this. It's 12.59. So I'm. I'm slightly. I'm not a hundred percent hedged. Okay, so now I'm gonna close this one of 0.01. 0.01. There. $4 on this one. Okay, so now I've got them both at the bottom here. So let's. So now I've closed out. How much have I closed out? I've closed out $18, 60. Okay, so now we go again. We go back to the trade. We take the bigger one and we say. Okay, with the first one was $14.

Okay, to make it, let's say $50. It's like a 0.05 too much. 0.04. 0.03. Let's make it 0.02. $30. 0.02 close. Then I go to this one tick and I say.

0.02. Close.

Now I'm still hedged.

Okay, I'm still hedged. But at least my lot size is now coming down slowly. Okay, Slowly. And you do it slowly and you concentrate and you focus. Don't eat while you're doing it. Don't drink alcohol while you're doing this. Don't watch Netflix while you're doing this. You need to be 100% focused or you will lose money like me. Okay? And like Christian and like other people that have also made the same mistakes. So the lessons are. Don't make these mistakes. Rather just focus. Are we. Are you. Are we together, my people?

Yes.

Yes.

Unmute yourselves. Oh, this is flipping. You need to get this. This is interactive. There's a lesson. Unmute your microphone. You get it? Are you with me? Because every time you Guys wipe out your accounts. You cancel and I lose passive income. If affecting my children, I can't feed them. What are you doing?

Okay, so now we down a little bit of cash. Okay? And now we can carry on reducing that lot. Unfortunately, I can't see where I've reduced the lots. I've reduced a 0.4 something. I don't know how much money I've reduced it by.

Yeah, I think you could have gone 0.07.

Let me just go to today. There, there it is. Okay, so 0.02. So here it is. Do you understand?

So let's do another one together. Okay, we're going to reduce this again.

0.00. 0.1. Okay, I forgot that this is a cent account, not a micro account.

I keep on getting it mixed up. Oh, God. Writing a marker to say it really does mess with my mind. Okay, so sorry. So this is not $150. It's 1.50. Okay, so I can go maybe a two lot. That's $3. A 20 lot. That's.

Sorry, you can get one point.

That's $45. Okay, so let's close $45. Now I know it's a three lot. Close, close. There we go. That's on the bigger one. Okay, then we can close. Okay. On this one.

Okay, I need to find it.

This one you buy.

Okay, we're going to close a three lot, which is $14. Close. Okay, so now I've closed out. I don't like losing money during the day. It really like irritates me to death. Okay? Because it affects my chart, it affects my graph. So like I'm done for today. I don't want to see a negative dip in my. In my chart. Especially because I'm. I'm selling. Okay? It affects what I'm doing in sales or people don't want to see my chart on ethics. Blue dropping. Right? So I've reduced my. I've reduced my lot size. I'm fine. Okay, I've reduced it by 45, $60. I've reduced it. I don't know where. Where I was. Resume. There we go. Okay, I've reduced my. I've reduced. My risk was 15% this morning. Okay, I've reduced it to 8.38. Happiness. Happiness.

Is it difficult?

Answer me, everybody. Is this difficult? No, this is not difficult. Concentrate, focus.

I must stop getting involved and I must let the bot do its job.

Because do its thing. The only reason you get involved is because you over leverage. If you gamble and you push the robot. You will hit. You will. You will. You'll mess up. That's simple. Yeah, it's simple. But this. Removing the hedge, simple. If you've manually hedged, this is the way to do it. If the EA has hedged for you. I built an EA for you, Oaks, to stop you from messing up.

Strip trades. Does it automatically for you. Slowly.

Very, very slowly, tell it how much capital you want to reduce and it will reduce all your percentage of your profits you want to use, and it'll do it automatically for you. This. I only do it this way because mine are manual hedges. It's a manual trade and a manual hedge. I specifically did it so that I could teach you, Oaks. There's no. There's no. There's no comment here. On. On mine, it's all blanks.

These ones here, those are manual. It was a manual trade and a manual hedge. That's what it was. So that I could.

Quick question before we run out of time. I missed the first part of the call. Are we trading through GDP this afternoon or.

You.

Okay.

I'm trading because it's one of the red flags that you teach us not to trade through it. So I wanted to check.

But not gdp, though, so my mentor says, don't have to. It's not going to move gold. That much we're about to find out. If you're uncomfortable, change a lot size to 0.01 or you can't change a lot size. You need to wait for the sequence to close, pause your robot, close out all your trades in a loss, reset up your robot, or load up your preset of 0.01 and then trade through GDP. Or don't trade and wait until.

Is this the. Is this the big GDP or is this a subset of gdp? It's not the big one.

Right, so now let's check. Yeah, it's only.

The concern there was that it's 6.7 with a prediction of 2.7, and that's like half of the figure. And I don't even know what it's about, but that scared me.

Yeah. Which one is this? GDP. Where.

Yeah, the GDP on our FX app. It's this 6.7 or something. And I figured 2.7 today.

Yeah.

In an hour and a half on the USD.

It's done, Oaks. Quarter on quarter. Yes, you stun.

You see that? 6.7, 2 points.

It's done, Oaks. It's done. They're waiting for the announcement. It's done. It's over.

Okay, thank you. There's nothing that happened. Nothing happened. We would have felt it. This was it over here this morning. This was. It was like nothing. So he was right. My mentor was right. That's why I traded through it. I made lack of money today, which I killed. I killed my profits today.

So I made $10. So I'll make it up. I'll make it up. Are we clear? Guys, are we clear on this closing of the hedge story? Seriously.

Do you all. Is there anybody here that doesn't understand. Let me do it. Do it that way. Do you. Is there anybody here that does not get it?

I take that.

Everybody gets it. Okay, well, then that's it. Thanks for the call. Anybody got any other dramas?

Thanks, Ellen.

No problem. Anybody got any other drama?

Are we drama free?

Fantastic. Alan Shaw. Yeah. Yes, sure. Hurry up. I've got a minute left.

No, no, not really. It's a quick answer. It's basically just the three pairs still sideways. G, you know, ej and also the euro, US dollar. And.

So the question is just wait for that to retreat, then close or close by itself.

Do you have any trades in profit currently?

Okay, I want to do another. I want to do another Zoom call. It's a fair question. I'm gonna. I want to do another Zoom Call. Please join. Use the same link to join again. I'm.

I'm going to close out. I'm going to close out the Zoom call. Please rejoin the call now.