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Most dollar amount lost on a single trade?

  • Post #1
  • Quote
  • First Post: Apr 14, 2014 11:40pm Apr 14, 2014 11:40pm
  •  card
  • | Joined Jun 2013 | Status: Member | 251 Posts
I lost $40,000 last month on a short GBP trade. The massacre was spread out over 3 days. I could have bought a brand new BMW.

What's the largest single loss you took? Be honest!
  • Post #2
  • Quote
  • Apr 15, 2014 4:02am Apr 15, 2014 4:02am
  •  Danny Maina
  • | Joined Mar 2013 | Status: SMART TRADES ONLY! | 675 Posts
40 grand in a month?? seriously? What was the trade
 
 
  • Post #3
  • Quote
  • Apr 15, 2014 11:41am Apr 15, 2014 11:41am
  •  Mingary
  • Joined Mar 2011 | Status: I should be on your ignore list | 5,540 Posts
500,000 +-
 
 
  • Post #4
  • Quote
  • Apr 15, 2014 12:11pm Apr 15, 2014 12:11pm
  •  brokerr
  • | Joined Jul 2011 | Status: Member | 22 Posts
1,100 usd on a LONG USD/GOLD trade

the only cool thing was that 900 usd were pure profits... anyways, lesson learned the hard way, this was the 2nd of 3 wipeouts that I ever had on my account...

discipliine and money management is the key, trade to live another day
 
 
  • Post #5
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  • Apr 15, 2014 3:04pm Apr 15, 2014 3:04pm
  •  card
  • | Joined Jun 2013 | Status: Member | 251 Posts
Quoting Danny Maina
Disliked
40 grand in a month?? seriously? What was the trade
Ignored
That was in 3 days on 1 single trade. I was short G/U last month when it rallied...
 
 
  • Post #6
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  • Apr 15, 2014 3:07pm Apr 15, 2014 3:07pm
  •  card
  • | Joined Jun 2013 | Status: Member | 251 Posts
Quoting Mingary
Disliked
500,000 +-
Ignored
Big fish.
 
 
  • Post #7
  • Quote
  • Apr 15, 2014 3:33pm Apr 15, 2014 3:33pm
  •  vanauger
  • | Joined Apr 2013 | Status: Member | 7 Posts
$1200 back in 2013 i was long dollar against yen
 
 
  • Post #8
  • Quote
  • Apr 15, 2014 4:18pm Apr 15, 2014 4:18pm
  •  Magix
  • Joined Feb 2009 | Status: Half in the Bag | 17,826 Posts
Overnight hedge on EURUSD and GBPUSD - Total loss, just a touch over $8k.

Was looking for a top on EURGBP, once it hit my magical line, I loaded up the boat long on GBPUSD, short on EURUSD...

I was wrong.

Waaaaaaaaaaaay Wrong!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
 
 
  • Post #9
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  • Apr 15, 2014 5:05pm Apr 15, 2014 5:05pm
  •  eloaking
  • | Joined May 2008 | Status: Member | 48 Posts
$13,490
Orderliness of Randomness
 
 
  • Post #10
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  • Apr 15, 2014 6:14pm Apr 15, 2014 6:14pm
  •  JamesBranson
  • | Joined May 2009 | Status: Member | 92 Posts
Although my risk is fixed at less than 1% I had a trade last summer with a total dollar risk of $17,400 go into profit around $130,000 before quickly reversing and getting stopped out for a full loss so you could say the actual loss was -$147,400......that all happened on 7th August 2013 when the New BOE Governer made his opening speech which started out pretty negative and flipped to positive shortly after.......that was on the short side.....on the positive I was also playing the long side and made around 4 units or $72,000 so it wasn't all bad!
 
 
  • Post #11
  • Quote
  • Apr 15, 2014 6:26pm Apr 15, 2014 6:26pm
  •  JeremyWS
  • Joined Oct 2010 | Status: Member | 1,654 Posts
My two worst

Was on a camping trip with school in 2011, was balls deep short EURUSD, huge move higher and had no signal where i was, got back and lost $26k

Second worst, beign short GBPJPY at possibly the worst time, lost $16k in matter of 8 hours.

Thankfully, neither were a great size relative to my account so not too bad.
 
 
  • Post #12
  • Quote
  • Apr 15, 2014 7:06pm Apr 15, 2014 7:06pm
  •  thodie
  • Joined Oct 2012 | Status: private | 2,604 Posts
1200€ was long GBP/JPY january 2013 - a margin call ~10pips over the low......
just do it
 
 
  • Post #13
  • Quote
  • Apr 15, 2014 7:42pm Apr 15, 2014 7:42pm
  •  card
  • | Joined Jun 2013 | Status: Member | 251 Posts
Quoting JeremyWS
Disliked
My two worst Was on a camping trip with school in 2011, was balls deep short EURUSD, huge move higher and had no signal where i was, got back and lost $26k Second worst, beign short GBPJPY at possibly the worst time, lost $16k in matter of 8 hours. Thankfully, neither were a great size relative to my account so not too bad.
Ignored
I typically make money when I'm on vacation or in transit with no internet connection. Last vacation, I was up $20K in the 5 days that I was at a beach resort. I spent most of the mornings on the beach. Didn't care to go back to the room to check on positions.
 
 
  • Post #14
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  • Nov 4, 2015 1:34pm Nov 4, 2015 1:34pm
  •  tashkent
  • Joined Oct 2011 | Status: quo | 4,193 Posts
if your account size is around or more than $400k, $40k loss is understandable in case of black swan event (like with snb). but still, too much to lose in one trade.
As Above, So Below
 
 
  • Post #15
  • Quote
  • Nov 6, 2015 10:19am Nov 6, 2015 10:19am
  •  tylerbose
  • Joined Oct 2011 | Status: don't trade like i do | 505 Posts
$110
i don't feel so bad after reading this thread
i lose money for a living
 
 
  • Post #16
  • Quote
  • Last Post: Nov 6, 2015 11:30am Nov 6, 2015 11:30am
  •  Atokys
  • Joined Aug 2015 | Status: Member | 745 Posts
Hmm... interesting clue on the origin of the Mingary persona.
 
 
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