What's your greatest loss in trading | Forex Factory

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What's your greatest loss in trading

  • #1
  • First Post: Jun 24, 2013 12:33pm Jun 24, 2013 12:33pm
As for me, I made my biggest loss in Forex trading when i just started trading Forex. Funny enough, i made my biggest loss immediately after making my biggest profit. It was due to my attempt to take advantage of an immediate reversal of trend.

This eventually turned out to be a trend continuation that was even far more powerful than the previous one and because i didn't cut my losses, it made a record breaking loss.
what is your biggest lose, and what was the cause?
  • #2
  • Jun 25, 2013 2:16pm Jun 25, 2013 2:16pm
i never loss in trading i just make gains i am really amazed with all this loss talk .i never lost i made big gains also i gained about 60thousand dollars until now may be more i am not sure i dont know but if you loss you lost purpose why are you trading
focus while relaxed to see better
  • #3
  • Jul 8, 2013 10:00pm Jul 8, 2013 10:00pm
I try to get high amount in my firast attempt . I was ina thinking as much profit is possible in demo I can collect in real too . But with a limited capital one can not achieve high profits. It ruined me . When my first trade bring loss of almost 3/4 of capital . I loose $190 in 15 minutes.
Master Forex ║ bonus up to 75% ║Minimum deposit $1 ║Swap free trading
  • #4
  • Jul 8, 2013 10:23pm Jul 8, 2013 10:23pm
my largest single trade loss in forex would be around 300$.... probably have had 5 or 6 of those over the past 8 years.....

I said single trade loss because I have had combined losses much higher.... such as maybe a dozen trades combined losing 900$ total in one day.....h
to trade and code, keep both simple... no call to impress....h
  • #5
  • Jul 8, 2013 11:15pm Jul 8, 2013 11:15pm
going outside.
It's a buy the dip scheme, ya feel me?
  • #6
  • Jul 9, 2013 12:30am Jul 9, 2013 12:30am
$1200 on an oil trade that turned around a few minutes after a pushed the cancel trade button. :-(

Managed to follow it up with $800 loss on gold a few days later - same scenario.

Decided to take a week off trading after that.
Holy Grail part 1. - Cut loses short.
  • #7
  • Jul 9, 2013 7:17am Jul 9, 2013 7:17am
Was on a run and got a $500 account up to $1200 and then it slowly dropped to $800. I got frustrated and changed tactics and then lost $800 in one minute.

That was a few years ago now lol. Oh fun times....
  • #8
  • Jul 9, 2013 8:21am Jul 9, 2013 8:21am
sanity.
  • #9
  • Jul 9, 2013 8:26am Jul 9, 2013 8:26am
$500 000
practising coitus interruptus
  • #10
  • Jul 9, 2013 9:58am Jul 9, 2013 9:58am
My biggest loss in trading has been wasting the last ten years looking for a "system" that was perfect (for me). Such a system or method does not exist. I have lost ten years of potentially profitable trading because I didn't realize that being profitable in trading has NOTHING to do with the markets. Its all about me and the decisions I make.
  • #11
  • Jul 9, 2013 10:20am Jul 9, 2013 10:20am
Well put gspajon!!!!
  • #12
  • Jul 9, 2013 10:25am Jul 9, 2013 10:25am
Quoting sheppy
Well put gspajon!!!!
Thank you Sheppy
  • #13
  • Jul 9, 2013 11:08am Jul 9, 2013 11:08am
Quoting gspajon
My biggest loss in trading has been wasting the last ten years looking for a "system" that was perfect (for me). Such a system or method does not exist. I have lost ten years of potentially profitable trading because I didn't realize that being profitable in trading has NOTHING to do with the markets. Its all about me and the decisions I make.
Only experience can make you wise. It is an journey that is long and hard.

Not to mention there will be a lot of dead bodies along the way.
Trade what you see, not what you think!
  • #14
  • Jul 9, 2013 11:12am Jul 9, 2013 11:12am
My greatest losses have been my pride and my ego. And of course money while I learned what is important and what is not.
  • #15
  • Jul 9, 2013 11:15am Jul 9, 2013 11:15am
my biggest lost was around $ 1000 which was primarily due setting of higher lots than my account could handle
  • #16
  • Jul 9, 2013 2:47pm Jul 9, 2013 2:47pm
Quoting gspajon
My biggest loss in trading has been wasting the last ten years looking for a "system" that was perfect (for me). Such a system or method does not exist. I have lost ten years of potentially profitable trading because I didn't realize that being profitable in trading has NOTHING to do with the markets. Its all about me and the decisions I make.
Time enjoyed wasted is not wasted time and experience is everything
I have sometimes had moments where I think that I've wasted my time with trading,
but I soon realize that my time is really wasted questioning historical actions.

Hope you're good Gerald

Me? ... Bit of hair I think, couple of lungs and half a liver.. Sounds worse than it is.. And Sleep, lots of sleep! Speaking of which
Time hides Nothing
  • #17
  • Jul 9, 2013 3:59pm Jul 9, 2013 3:59pm
Quoting CindyXXXX
...Hope you're good Gerald ...
We haven't spoken in a good long time. I finally feel like I turned the corner. As mentioned above it was right there starring at me in the mirror every morning. Your words are a welcomed relief that experience does count especially in this business.
  • #18
  • Jul 9, 2013 4:20pm Jul 9, 2013 4:20pm
A good job, a family, friends and all the great things about life that normal people have. I have not given up on alcohol or drugs or to make tons of money in the forex one day, so at least there is that.
  • #19
  • Jul 9, 2013 4:26pm Jul 9, 2013 4:26pm
My sanity.......
  • #20
  • Jul 9, 2013 4:49pm Jul 9, 2013 4:49pm
Time.
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