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Attachments: Lost $4.2k in 1 week
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Lost $4.2k in 1 week

Learn and practice ...learn from your mistake don't give up....no short cut........only you know why you lost? What is the reason behind your loss so just don't do that mistake again i mean just not repeat your mistake/wrong than you will succeeded...
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Say something meaningful or Silence!!
Quoting jmtini
{quote} But it is pretty, you have to admit. Full marks for the colour scheme!
How about full marks to all those who are successful with it
IMPROVISE ADAPT OVERCOME
My advise is to lower the leverage of your account, without leverage or at the lowest possible. Choose your stop losses wise(well beyond support and resistance points), your stop loss should be between 1 to 2% of your capital, based on your SL calculate the lot size.
Try it with any system and you will accumulate slowly but steady.
Quoting semi
My advise is to lower the leverage of your account, without leverage or at the lowest possible. Choose your stop losses wise(well beyond support and resistance points), your stop loss should be between 1 to 2% of your capital, based on your SL calculate the lot size. Try it with any system and you will accumulate slowly but steady.
whats the advantage of lowing the leverage ?
lower leverage will force you to be in a better risk management, with a good risk management you will have a good psychology, with a good psychology you will make money.
  • Post #166
  • Quote
  • Edited at 4:45pm Mar 5, 2018 4:26pm | Edited at 4:45pm
Quoting semi
lower leverage will force you to be in a better risk management, with a good risk management you will have a good psychology, with a good psychology you will make money.
That's not an advantage. You're telling him to handicap himself and put himself closer to a margin call to force himself into taking his losses. Sure, he'll have to manage his risk better; because he's going to be losing more money and more often to make up for the fact that he's getting garbage returns. How about giving him proper advice and telling him to trade smaller because the leverage he's using at this stage is asinine rather than giving him some arbitrary dick-in-hand 1% rule that's pretty much used to keep the institutionals from having to stand in front of the government and explain how they fucked up and lost billions of the public's money. Different players; different rules.

Do you know what a real advantage is? Making it hurt enough that you become so desensitized that it doesn't even matter to you whether you close a trade in profit or take a loss because you've learned from your mistakes the hard way and have it seared into your brain. But, in the meantime, since he didn't learn from losing 4.2k he's going to have to trade smaller anyway.
"The fun is in the hunt. Not the kill."
Quoting Redeflect
{quote} That's not an advantage. You're telling him to handicap himself and put himself closer to a margin call to force himself into taking his losses. Sure, he'll have to manage his risk better; because he's going to be losing more money. How about giving him proper advice and telling him to trade smaller rather than giving him some arbitrary dick-in-hand 1% rule that's pretty much used to keep the institutionals from having to stand in front of the government and explain how they fucked up and lost billions of the public's money. Different players;...
Leverage has one advantage, to lose money multiplied by your leverage power. When your non-leveraged account can't handle 1 standard lot, your leveraged account will handle it, in this case if you had a losing trade it will have (1) a big impact on your account, (2) a big impact on your psychology
One always has to think about the losses before the wins.
Quoting samekhanok
Hello i lost some 4.2k$ in 1 week from last 9 months i am working daily 20 hours a day on please i need some help i need to recover my money please slowly but surely can some one please help me and give me some system from which i can earn consistent earning just few pips per day and then closed trading and then read and practice on demo please some one help me i am so much worry Thanks
Hi Samekhanok,
Every successful trader has traveled your path and felt the same pain, we have all blown accounts [ myself multiple ] but the choice you have to make is how many times are you going dust yourself off and continue to fight? have you found a core group of people to surround yourself with ? Do you have a system worth investing yourself in ? Do you have decent reading material to reprogram all the bad wiring ? Do you have the knowledge within you to pull the trigger knowing you can have these pips confidently ? Do you have the discipline to lose a few pips for the survival of tomorrow ? All the best, GW
IMPROVISE ADAPT OVERCOME
Quoting semi
{quote} Leverage has one advantage, to lose money multiplied by your leverage power. When your non-leveraged account can't handle 1 standard lot, your leveraged account will handle it, in this case if you had a losing trade it will have (1) a big impact on your account, (2) a big impact on your psychology One always has to think about the losses before the wins.
No, it has the additional advantage of being able to maneuver your positions while still maintaining minimal initial risk so long as you aren't using it to become rich overnight. A losing trade only has a big impact on your account if you leverage a losing trade and don't let go until it has a big impact on your account. It ALSO keeps you from getting margin called at the worst possible moments so long as you keep it under control.
"The fun is in the hunt. Not the kill."
Quoting Redeflect
{quote} No, it has the additional advantage of being able to maneuver your positions while still maintaining minimal initial risk so long as you aren't using it to become rich overnight. A losing trade only has a big impact on your account if you leverage a losing trade and don't let go until it has a big impact on your account. It ALSO keeps you from getting margin called at the worst possible moments so long as you keep it under control.
Redeflect I am not here to prove whether my opinion is right or wrong, I gave him an advice the way I see it. I may be 100% wrong and it's up to him to decide.
When I said without leverage i meant IF his account is big enough (you can't trade with a 1000$ account and without leverage), If it's not the case then he has to use the lowest leverage possible.

Anyway all of the best to all of you guys and samekhanok I hope you find what will work for you.
hi
i always go to bed early but did put a trade before sleeping so the moral say with the best clever system you can make pips i do not care what peoples say but everyday pips pips .forget the EA do your home work practice practice that all .

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Patience and good money management and especially not overtrading
i know your pain i have just lost nearly 60% of my capital because of this and also bad entry's
just look up my trade explorer
I wish u the best
JQ
Loosing money is painful and with your amount you show a sense of carelessness for your pocket.

I hope I saw it right that you trade the US2000 the day with a very high volatility because of interest fears those days … I traded the SPX500 the same days, high volatility, and saw exact how quick and deep the movements, but my sizes much smaller compare to yours and after red points, I traded into the trend direction like hedge positions or be lucky to go out and find later some reversal point.

Anyhow, if you really like to trade live account then start with a mini account in my opinion as you can see the difference, easy example to compare

xm mini, 1 lot = 1000 usd
robo cent, 1 lot = 1000 usd
icm ecn 1 lot = 100,000usd

pips value for the brokers MINlot

xm mini, 0,01 lot = usd 10
robocent, 0,10 lot = usd 100
icm ecn 0,01 lot = usd 1,000

If you like to test your strategy, with XM you pay a higher spread compare to ICM but you are more save with your money as long you trade the brokers Minimum lots and you can prove your strategy works or not.

Dont look for the free EA s here with grid and martingale as long you do not understand the coding of the EA and the involved risk.

Just read the thread of Davit pivot trading( but do not ask there any silly question as you will be removed in no time from the thread) which is easy to understand in my opinion and tradable in a manual way or Masterrmind, but this is more risky and you need to have more background knowledge.

I like to share two indicators, one is a dash giving the information gain in points for the week, for the day, murrey math line, and weekly pivot.
The other indicator shows more or less the second column of the dash (daily points) in a percentage way.

Now look the chart and answer me some questions, is USD strong or weak in your opinion, CAD strong or weak in your opinion and reason why.

But always Note, trading is risky

Wishing you good trades
gerhard
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File Type: ex4 Murray Math.ex4   23 KB | 102 downloads
File Type: ex4 ChuasCurrencyStrength.ex4   30 KB | 93 downloads
File Type: ex4 ChuasCurrencyCandleMovementDash.ex4   29 KB | 92 downloads
chuasQuantumSwissies Trading Return This Year: 13.1%
4k $ its big money . i advice you to reduce your leverage to <1.10 . and open only 1 deal and dont use stop lose.and let your deal runing
By reading some of your posts, imho, you are far behind this game. Don't put any more money hoping to recover. You should re-learn ABC, don't try shortcuts.
Until you are ready I see no way to help. Wish you good luck.
One Good Trade
Quoting samekhanok
Hidden
Samekhanok and the attached link signal provider is exactly the same person. Not doing so badly after all, are you Sohaib Khan? after umpteen messages and advice given to you, and now you want us all to think following this signal provider will be the answer which is in fact you and of course there are costs involved in following you.

You pulled the same trick many years ago in Fx Street. LOL

Cheers
Trade to Trade another day.
Quoting Wavegarrick
{quote} Samekhanok and the attached link signal provider is exactly the same person. Not doing so badly after all, are you Sohaib Khan? after umpteen messages and advice given to you, and now you want us all to think following this signal provider will be the answer which is in fact you and of course there are costs involved in following you. You pulled the same trick many years ago in Fx Street. LOL Cheers
So he started this thread over a year ago, and finally just now gives the plug for his signal service?
its not or you to follow or something just want to show you hard work can pay of i tried 11 different account managers lost 13k$ now slowly slowly i am recovering my self just dont give your account to beast account managers
Quoting blueruby
{quote} So he started this thread over a year ago, and finally just now gives the plug for his signal service?
its not or you to follow or something just want to show you hard work can pay of i tried 11 different account managers lost 13k$ now slowly slowly i am recovering my self just dont give your account to beast account managers
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