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Young blood journey

  • #21
  • Jun 3, 2019 2:13am Jun 3, 2019 2:13am
I don't know what I was doing there. Got stuck with short bias and took oversized trades, with luck, luck and more luck, ended up only with -11. Might take brake for rest of today.
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  • #22
  • Jun 4, 2019 12:59pm Jun 4, 2019 12:59pm
Going to be trading less for upcoming 7 days, moving to new place and some exams is coming up

Missed big moves on DAX, gained small pips on DOW
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  • #23
  • Jun 28, 2019 4:38am Jun 28, 2019 4:38am
June is almost completed, something on note... Once entering to adult life (question, yet if I can call it like this), I came up to realization that time for sure flies, much faster than I expected.

+275 pips across DAX & DOW
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  • #24
  • Jul 12, 2019 12:43am Jul 12, 2019 12:43am
Already two weeks into July, although still feels like summer have just started...

roughly 425 pips gained this month from DAX, had 5 consecutive green days this week.
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  • #25
  • Jul 13, 2019 1:01am Jul 13, 2019 1:01am
Quoting JuniorA
Already two weeks into July, although still feels like summer have just started... roughly 425 pips gained this month from DAX, had 5 consecutive green days this week. {image}
Keep on rockin my friend....well done. Young blood + young head will live forever!
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I call upon my father's spirit , watching over me
  • #26
  • Jul 13, 2019 1:25am Jul 13, 2019 1:25am
Quoting Brixen
{quote} Keep on rockin my friend....well done. Young blood + young head will live forever! https://www.youtube.com/watch?v=VqsA0ZGaPWM
Thank you, Brixen!!
  • #27
  • Jul 13, 2019 2:58am Jul 13, 2019 2:58am
Quoting JuniorA
Already two weeks into July, although still feels like summer have just started... roughly 425 pips gained this month from DAX, had 5 consecutive green days this week. {image}
Nice!
  • #28
  • Jul 13, 2019 4:56am Jul 13, 2019 4:56am
Nice thread and nice trading.
Subscribed.
Keep that way..
Good luck and a happy weekend.
Guido
Risiko birgt immer auch die Chance.
  • #29
  • Edited 3:24am Aug 2, 2019 3:04am | Edited 3:24am
Journey is over... for now.

Not being able to cut losers did cost me most fortune of my savings. I am at least glad that not having kids and family to support, plus being 20 year old doesn’t affect anyone of my loss.

How further we can drop, I have no clue.

I highly doubt I will be able to recover such loss if I cut it right now, I will end up again over exposing my positions.

If dax bottom at this point and does similar rally up I still might have a chance to get out at more or less b/e with my current position size. But again I “thought” a lot of times this week that we bottomed...
  • #30
  • Aug 2, 2019 3:30am Aug 2, 2019 3:30am
Quoting JuniorA
Journey is over... for now. Not being able to cut losers did cost me most fortune of my savings. I am at least glad that not having kids and family to support, plus being 20 year old doesn’t affect anyone of my loss. How further we can drop, I have no clue. I highly doubt I will be able to recover such loss if I cut it right now, I will end up again over exposing my positions. If dax bottom at this point and does similar rally up I still might have a chance to get out at more or less b/e with my current position size. But again I “thought” a lot...
Hi Junior.
Cutting losers at a acceptable price leads us to get better entries.
But you re 100% correct. Exits are the most difficult things in trading.

Mistakes get done to learn from.
It s much cheaper to learn from it at the first time.
I m sure you ll master it.
Good luck with your future trading.

Stay tuned.
Guido
Risiko birgt immer auch die Chance.
  • #31
  • Aug 2, 2019 4:51am Aug 2, 2019 4:51am
Quoting JuniorA
Journey is over... for now. Not being able to cut losers did cost me most fortune of my savings. I am at least glad that not having kids and family to support, plus being 20 year old doesn’t affect anyone of my loss. How further we can drop, I have no clue. I highly doubt I will be able to recover such loss if I cut it right now, I will end up again over exposing my positions. If dax bottom at this point and does similar rally up I still might have a chance to get out at more or less b/e with my current position size. But again I “thought” a lot...
What are you feel now, it has been felt by most traders, probably all. me included some years ago in at least a couple of times.
This is a cruel job, terrible job in these moments and restart requires an huge huge mental strenght.
Good luck, I'm with you, but this is a hard solitary job, with solitary joy and solitary pain.......
I call upon my father's spirit , watching over me
  • #32
  • Aug 2, 2019 6:34am Aug 2, 2019 6:34am
I am still alive, if that was actually bottom, I might have a chances. But this require recovery of almost whole bloodbath, which I “think” won’t happen anytime soon... But apparently I know nothing. So in a sense I am locked in into position.

I can’t add anymore positions, due to margin, I did receive already few positions getting liquidated, initially I should have started reducing positions and fixing entries way earlier, not on third day...
  • #33
  • Aug 2, 2019 7:30am Aug 2, 2019 7:30am
Quoting JuniorA
I am still alive, if that was actually bottom, I might have a chances. But this require recovery of almost whole bloodbath, which I “think” won’t happen anytime soon... But apparently I know nothing. So in a sense I am locked in into position. I can’t add anymore positions, due to margin, I did receive already few positions getting liquidated, initially I should have started reducing positions and fixing entries way earlier, not on third day...
Dreams of recovery are gone. 8 positions left. 11 were liquidated...

Balance is at ~4K, equity floating 500 above. My game is over. I never should have touched my savings for hopes to recover. An original loss of 2k should have been taken.
  • #34
  • Aug 2, 2019 9:07am Aug 2, 2019 9:07am
Sorry to hear that.
Best regards and hope we will see you here again.
  • #35
  • Edited 3:00pm Aug 2, 2019 2:50pm | Edited 3:00pm
Hey JuniorA, as traders have already mentioned, most go through where you're at. I've blown a few accounts. Now I am preoccupied with getting trades to BE, with absolute minimal DD. If you love trading I'm sure you'll be back, loss strategy is a massive part of a trading plan. You will have negative thoughts about yourself, but I hope optimism will shine through and you will come back stronger and wiser. You have learnt a massive lesson and have suffered. Try and be kind to yourself. You are young and hopefully have your health. Trader evolution is incredibly hard and dynamic , the puzzle is a thousand pieces. It takes time, lessons, adaption. Take it easy and get your strength back
cheers Helena
  • #36
  • Aug 2, 2019 9:11pm Aug 2, 2019 9:11pm
Quoting JuniorA
Journey is over... for now. Not being able to cut losers did cost me most fortune of my savings. I am at least glad that not having kids and family to support, plus being 20 year old doesn’t affect anyone of my loss. How further we can drop, I have no clue. I highly doubt I will be able to recover such loss if I cut it right now, I will end up again over exposing my positions. If dax bottom at this point and does similar rally up I still might have a chance to get out at more or less b/e with my current position size. But again I “thought” a lot...
hi mate i am also sorry to here of you forex loss , i also when i started had a few big losses , like me you will bounce back , can i suggest a hedge account when you restart , all the learning you have done will make you wiser do not get to upset "easy for me to say" kindest regards and good luck with your trading
people leave, but this thread will go on for ever
  • #37
  • Aug 3, 2019 3:32am Aug 3, 2019 3:32am
Ego just got me over, had 4 green weeks, felt like untouchable. But then again, how often such bloodbaths happen...

I could deposit something, but I doubt it’s time yet. Can’t be touching my money which goes to daily expenses, that’s to much.

I might take a break and pursue “regular” lifestyle, but I always wanted to be independent, not be someone’s employe... or I might continue with that I have left. Either way, that’s a big lesson for me...
  • #38
  • Last Post: Aug 3, 2019 9:59am Aug 3, 2019 9:59am
Quoting JuniorA
Ego just got me over, had 4 green weeks, felt like untouchable. But then again, how often such bloodbaths happen... I could deposit something, but I doubt it’s time yet. Can’t be touching my money which goes to daily expenses, that’s to much. I might take a break and pursue “regular” lifestyle, but I always wanted to be independent, not be someone’s employe... or I might continue with that I have left. Either way, that’s a big lesson for me...

The hardest thing in FX is being consistently profitable over a longer period of time. Anyone can have a good run for a few weeks or even a few months but thats just not enough time to evaluate your strategy properly. Market can be relatively quiet for a few months but eventually something will cause volatility and that is when accounts mostly get blown. When events like this dont affect your results negatively, you know you are on the right track.
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