Taking a live blown account back to victory!!!

I've been trading demos for 1 year now perfecting my strategy. Went live this week and didn't have my trade manager set correct and jacked the account. I will persevere. Believe in yourself and what you have learned along the way. Trade your plan. Plan your trades. Not everyone sees the market the same. Make them pips. Trade, Profit, Withdrawal, Repeat!!!!

Best of luck.
A question springs in the mind, based on 2 fasts
1. That you are from the USA
2. You were perfecting your strategy for 1 years

How come you only trust/commit a meager 200$?
Of course, on the positive side, you loss of 124$ currently is peanut, a McD burger flipper can make that within 2 days.

You said in the end:
"Trade, Profit, Withdrawal, Repeat!!!!"

Just curious, what would you expect to profit or withdraw from this project?
given that 20% gain a month ( that would be on very high side on average), would bring in 40$....a steak dinner for one in a mediocre place, no dessert... kind a makes withdrawal unlikely, especially if there is banking cost to it too...

the comment isn't about you in any way, just genuine curious where your reality lies.
of course all facts add up great if you are 16 yo, with a dream.
but me, just a year older than you, struggle to find the rationale in it this form.
if this reads offensive, honestly, not the intention behind the post.

good luck!

I don't easily offend. But thanks for the curiosity. This is just the start of something much bigger. My current income is rather decent. Started this as a project. Not trying to be the best in the world just here to make some money and friends along the way. As this goes forward I will be adding more money into the account. $200 was just a start.

I like the profit Nd withdraw plan. It tends to keep a trader honest.

[quote=profitfarmer;10881193]Best of luck. A question springs in the mind, based on 2 fasts 1. That you are from the USA 2. You were perfecting your strategy for 1 years How come you only trust/commit a meager 200

i think if he looks at a return as a percentage%%%% that is the way forward....

Using a small bank roll is far better than any demo, and look at the %%% gain to better your future...
trade well

[quote=billytt;10882889] Thank you for the support...the rest of the week went as to plan. mistakes happen. wont happen again. You can see the rate at which i make the oops back from the 13th of last week...lol. gotta keep pushing forward. never live in the past..

[quote=BrianRay;10882898] i have been there and done it, accidents happen.
i once dropped my Pc mouse onto keyboard and closed a trade losing ,
let my ex, watch me trading and she hit a button and put a trade on which failed....
did not have my glasses on and read a price wrong,LOST ..

once you get motoring you can raise your lot size ( small compound) and your bank will rise considerably..
a couple of years back i was compounding £20 to several hundreds and showed results in here..
i must admit, it is harder now due to margin going up but if you have the bank roll it can enable you to trade..
Trade well.

Hi mate,
Just some kind advice that should help as I have been in this situation (recovered 80+% with steady profits from 36.6% substantial loss on my bankroll...We all make mistakes starting out ). I am sure that you know that with a 50% loss, you need 100% gain just to break even...

You are stuck in a chasing mindset, which is not good. I recommend to journal your mistake and then to forget about it like it never happened. Then reset account age to start at where you are starting currently and fresh. So you start with your $100 bankroll and just follow your trade rules/ plan. This will also help with your patience as currently it is influenced by the dark cloud of the large loss in the back of your mind. Only then you can succeed and then practice until you can increase your bankroll/ equity to trade with so that your returns are not mediocre + worth your time. Finally, it is up to you to either take my advice or ignore it.

Kind Regards,
Tzamo