How Many Account Did You Blow Before Developing A Winning System. You Can Post Your Exact Number
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Poll
- How Many Account Did You Blow
how many pips did you lose before becoming a succesful trader? 19 replies
Right Wrong Right Wrong Right Wrong 13 replies
How many real accounts have you blown before consistently making money in FX? 61 replies
How many blow-ups are necessary in order to become a pro? 23 replies
How many accounts did you blow? 13 replies
DislikedI used to not believe it when I heard the best traders in the world only trade with 1-3x leverage. But I certainly do now.
Never blown an account, but have experienced bad draw down when I first started out trading (8 months ago) 10x leverage, which I quickly learned from.
I risk no more than 0.5% per day, 2% per week, 5% per month. If those levels are reached I cannot trade anymore until the day, week, or month ends.Ignored
Disliked10 accounts? Are you sure you have it right yet?
I blew 2 significant accounts and a bunch of smaller losses before the lights came on. Unfortunately I was learning with six figures.. Go big or go home right![]()
However the important thing is that I've learned valuable lessons from my losses. Most importantly:
- Money management
- Taking better Risk/Rewards... patiently waiting for the right entry point
I have to thank gatorinla for making me a better trader. He provides golden information and wisdom on a daily basis (not...Ignored
Disliked10 accounts? Are you sure you have it right yet?
I blew 2 significant accounts and a suffered a handful of big drawdowns before the lights came on. Unfortunately I was learning with six figures.. Go big or go home right![]()
However the important thing is that I've learned valuable lessons from my losses. Most importantly:
- Money management
- Taking better Risk/Rewards... patiently waiting for the right entry point
I have to thank gatorinla for making me a better trader. He provides golden information and wisdom on a daily...Ignored