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  • #921,581
  • Sep 4, 2014 9:04am Sep 4, 2014 9:04am
Quoting swakd
{quote} I Already lost 5000$ in EUR/USD and this is my last hope even don't have much equity now just have around 3-400$ . Last month was really bad 2 deals of dow/USD are also sucking me they are also at the cost of 16300 I lost my entire life savings Last month was really bad if i lose remaining Surely I'll Commit Suicide
Forex is not for you.
  • #921,582
  • Sep 4, 2014 9:04am Sep 4, 2014 9:04am
EU just keep hitting lower ... hmmmm ...
  • #921,583
  • Sep 4, 2014 9:04am Sep 4, 2014 9:04am
Quoting swakd
{quote} I Already lost 5000$ in EUR/USD and this is my last hope even don't have much equity now just have around 3-400$ . Last month was really bad 2 deals of dow/USD are also sucking me they are also at the cost of 16300 I lost my entire life savings Last month was really bad if i lose remaining Surely I'll Commit Suicide
No you can not be in the forexmarket then
  • #921,584
  • Sep 4, 2014 9:08am Sep 4, 2014 9:08am
EUR/USD The WIDOW MAKER ...lol
  • #921,585
  • Sep 4, 2014 9:08am Sep 4, 2014 9:08am
Quoting swakd
{quote} I Already lost 5000$ in EUR/USD and this is my last hope even don't have much equity now just have around 3-400$ . Last month was really bad 2 deals of dow/USD are also sucking me they are also at the cost of 16300 I lost my entire life savings Last month was really bad if i lose remaining Surely I'll Commit Suicide
every great trader have lost his entire life savings sometime in their career, even more than one time.
you must see your losses as lessons, surely you must have learned something in the process, learning is the only way to become a great trader.

the bad thing is that lessons in this biz are very expensive, but if you think about the average college student with his 100k school debt, you realize that in every biz there are big costs for learn.

it's painful though
  • #921,586
  • Sep 4, 2014 9:10am Sep 4, 2014 9:10am
Quoting swakd
{quote} I Already lost 5000$ in EUR/USD and this is my last hope even don't have much equity now just have around 3-400$ . Last month was really bad 2 deals of dow/USD are also sucking me they are also at the cost of 16300 I lost my entire life savings Last month was really bad if i lose remaining Surely I'll Commit Suicide
sorry to hear that friend if you dont have patience and confidence in forexmarket please avoid this and do some good business
  • #921,587
  • Sep 4, 2014 9:10am Sep 4, 2014 9:10am
Quoting swakd
{quote} I Already lost 5000$ in EUR/USD and this is my last hope even don't have much equity now just have around 3-400$ . Last month was really bad 2 deals of dow/USD are also sucking me they are also at the cost of 16300 I lost my entire life savings Last month was really bad if i lose remaining Surely I'll Commit Suicide
That's terrible man, but that's the thing about the market, it doesn't care, unfortunate but true, after a big loss like the one you had last month, you should be taking a breather, getting back your trading mindset, you are very emotional right now and that can be very hazardous in the markets.
No need to take drastic measures like committing suicide, we have all had bad trades, even blown accounts, which is where you seem to be right now. My advice; STOP TRADING, 3-400$ is better than 0. Take sometime off, don't hate trading, just take a breather, re-analyse your system and learn from this, you can make that money back, but not now. It doesn't matter where the market goes from here...but it matters where you go. The market will still be here when you get back, and there will still be great trades for you.
Guard your pips jelously
  • #921,588
  • Sep 4, 2014 9:13am Sep 4, 2014 9:13am
Quoting swakd
{quote} I Already lost 5000$ in EUR/USD and this is my last hope even don't have much equity now just have around 3-400$ . Last month was really bad 2 deals of dow/USD are also sucking me they are also at the cost of 16300 I lost my entire life savings Last month was really bad if i lose remaining Surely I'll Commit Suicide

so keep you're remaining money and go on vacation !! .. i'ts better to die on the beach with a beautifull sunset than die on the front of a desktop crying for a reverse !! ...

and please don't commit suicide .. cause after that it's sure that you can't reverse anything ...
  • #921,589
  • Sep 4, 2014 9:13am Sep 4, 2014 9:13am
Quoting tunera
{quote} every great trader have lost his entire life savings sometime in their career, even more than one time. you must see your losses as lessons, surely you must have learned something in the process, learning is the only way to become a great trader. the bad thing is that lessons in this biz are very expensive, but if you think about the average college student with his 100k school debt, you realize that in every biz there are big costs for learn. it's painful though
By Profession I am Web Developer. I am Only 23 years old and bcz of my account manager miss guide i lost all my money don't know what to do next don't know how to face my parents
  • #921,590
  • Sep 4, 2014 9:14am Sep 4, 2014 9:14am
Quoting swakd
{quote} I Already lost 5000$ in EUR/USD and this is my last hope even don't have much equity now just have around 3-400$ . Last month was really bad 2 deals of dow/USD are also sucking me they are also at the cost of 16300 I lost my entire life savings Last month was really bad if i lose remaining Surely I'll Commit Suicide
Get out now while you still have 300 bucks - go and spend it on yourself and go live a bit.
I've blown up two accounts in the past and have only been back for a month to try again. But to get anywhere you have to clean your mind - read a few good books - don't watch the bull***t videos on UTUBE.
Keep away from the markets for a while Go and earn another stake and try again. You can only do it when you came back fresh and ready to follow the simple rules. Not when you are trying too hard to succeed with no capital
Lets go grab some PIPS
  • #921,591
  • Sep 4, 2014 9:18am Sep 4, 2014 9:18am
Quoting JustAndy
{quote} Sorry to hear that man Rule Number 1 in any investment: Invest only the money that you can afford to lose.
And that is why so many lose... because they can afford to lose.
Better not afford to lose, this way you don't lose.
  • #921,592
  • Sep 4, 2014 9:18am Sep 4, 2014 9:18am
i lost abt 50k in last 3 month in EU , GU & EJ ...really don't know what to do ??
surely will not commit suiside . because its not solution . my wife is pragnent . But i will surely sit & think should i waste more time in forex or quit it permanently
  • #921,593
  • Sep 4, 2014 9:21am Sep 4, 2014 9:21am
Well what a move.. so huge.. we had 1.31++ and 1.29++ in 1 day .. for this low ranges we had for 5-6months.. makes it even more big..

Now can we start to be more cocky about this? there is a chance.. one could load longs and put SL just under todays low..and go for it big time..
Or?

Whats the big move to do now?? go big long, go big short? im totally lost btw.. this move makes everything crazy..

Anyone loaded big on either short/long??
Probably the worlds best currency trader.
  • #921,594
  • Sep 4, 2014 9:22am Sep 4, 2014 9:22am
Quoting swakd
is any one here like me who is waiting to come back at 1.3600 bcz I buy at 1.3550
Quote
I Already lost 5000$ in EUR/USD and this is my last hope even don't have much equity now just have around 3-400$ . Last month was really bad 2 deals of dow/USD are also sucking me they are also at the cost of 16300

I lost my entire life savings Last month was really bad if i lose remaining Surely I'll Commit Suicide

When a trade reaches the hope and prayer level, you're fucked.

You're long since 1.35????? Why didn't you get out way before 1.30 level? Stop hoping and praying for the pair to turn because it won't. The market will do whatever the hell it wants.

In addition to that, NEVER play with the money you can't afford to lose. Start small, play small, have a trading plan with stop loss and target price so you can live for another trade.

I blew up my account once when I first started courtesy to Yen futures. About $10-11k worth. Never again I will pray and hope a pair to turn my way.

Never rely on another person to trade for you. Develop the trading style that works for you. If forex is a get rich quick scheme then everyone would be rich. In fact, it's not. You have to treat this as your profession. You said you are a web developer. So treat forex trades as your web projects. You gotta start small, understand all the concept and the tools. Then you gradually build up from there. You can't just expect to turn $5000 to $1 mil in a year without putting in the effort.
  • #921,595
  • Sep 4, 2014 9:23am Sep 4, 2014 9:23am
Quoting TzarPips
{quote} you might bleed a couple of pips first. 3002-5 seems like a more pipful entry, I figure this dance is going to last through NY (with some spikes as London closes) so, we might have a small scalpers range, with 20-25 as top side. (still holding for that 3050 area though for a short re-load.)
Yep, I did, but I only trade with half my usual leverage, when I countrade, so even if we broke the bottom and I got out, it wouldn't hurt as much. I might go out sooner than 3050, though...will see what London fix brings us.
Everyone can see the chart, but only a few can actually read it.
  • #921,596
  • Sep 4, 2014 9:25am Sep 4, 2014 9:25am
Quoting Mingary
{quote} And that is why so many lose... because they can afford to lose. Better not afford to lose, this way you don't lose.
Guard your pips jealously, never lose more than you absolutely need to. Also, I figure, the onlymoney you can afford to lose is money you dint earn...I cant afford to lose that money either...so...hey.
Guard your pips jelously
  • #921,597
  • Sep 4, 2014 9:26am Sep 4, 2014 9:26am
Quoting swakd
{quote} By Profession I am Web Developer. I am Only 23 years old and bcz of my account manager miss guide i lost all my money don't know what to do next don't know how to face my parents
You got long way to go. When you are there, this incident looks pretty simple
  • #921,598
  • Sep 4, 2014 9:27am Sep 4, 2014 9:27am
Quoting swakd
{quote} By Profession I am Web Developer. I am Only 23 years old and bcz of my account manager miss guide i lost all my money don't know what to do next don't know how to face my parents
Sorry to hear that.

You're only 23. You have plenty of time to earn that money back.
Your responsibility now is not to worry about what your parents will think or what anyone else will think. It's about what you think.

You've learned the best lesson in FX right now and one you won't forget. I know about software development (even if I'm not a programmer per se) and it's hard. But you learned it. You became expert at it. The same can be said of any endeavour - including FX. But it needs a commitment from you that you can do it and will do it, whatever it takes. You need the right methodology and direction in your studies if you do decide to get back in the game.

But right now, what you need is time. And space to make a decision. You either continue or not. If not, know that this experience has taught you that any strategy involving money has only one interested party - yourself. You are the ultimate decider and must bear all responsibility. It's not the market's fault.

If you decide to continue, and alot of people here would encourage you to do so, then you need some time to clear your head. Whatever you did before is what brought you to this point. So your lesson is to understand what you did and how not to repeat them. Start with the basics again and trade with demo accounts until you can prove to yourself that you can make paper money. Then repeat it 10x, 50x, 100x until you can trade with real money again.

There's no easy way or quick way.
But this lesson is valuable. You are in control.

Best of luck.
A pip is only worth it if you know how much you risked to earn it
  • #921,599
  • Sep 4, 2014 9:31am Sep 4, 2014 9:31am
Quoting Thirsty
Greetings, Just to report another closed trading according with the strategy. Entered yesterday a with a short position at 1,315 with the tp 1,3018, achieved today. Thank you Mario I believe the market will stabilize for the next few days, so for now we will be out... Cheers
greeting to you too....

it would have more meaning if you had posted your entry yesterday don't you think?

who is we?
  • #921,600
  • Sep 4, 2014 9:31am Sep 4, 2014 9:31am
Quoting swakd
{quote} By Profession I am Web Developer. I am Only 23 years old and bcz of my account manager miss guide i lost all my money don't know what to do next don't know how to face my parents
Hi Man,

THE FUTURE IS YOURS

You are young and you have a good job, you will have many many opportunities to win money and to spend it or lose it.
Who is or what is your account manager ? Accept the full responsibility of your loss and grant yourself forgiveness.
Don't be smart. Be rich.
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