I lost 7k dollars and I am in a massive pain | Page 10 | Forex Factory

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Attachments: I lost 7k dollars and I am in a massive pain
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I lost 7k dollars and I am in a massive pain

  • #181
  • Nov 16, 2014 10:39am Nov 16, 2014 10:39am
Quoting Mingary
{quote} ok then please do tell: Why do you think it's obvious? Why are you sorry ? it's obvious to me YOU are not making any money.. see how easy that is (:
lol Mingary. Nice one!

His last three responses have been exactly the same... seems Acroix70 is having a hard time accepting that fact. The poor guy, he must really feel for you!
  • #182
  • Nov 16, 2014 10:47am Nov 16, 2014 10:47am
Quoting roughtrader
it is pretty much impossible to turn 200 into 7000 after only 1 month. unless he was gambling with his money and really lucky and thats why he lost it all.
So far from impossible, it's ridiculous. Why would you post such dribbling nonsense? Just because you can't imagine it due to your own personal trading issues/struggles, doesn't mean it's impossible.

As of the end of October, I've done something similar and I can absolutely guarantee it's not.

Put some trades on in a nice trending market (anyone seen UJ lately?), and ride it for as long as you can. My capital is up a fair bit with a significant potential profit waiting...just need to see where it goes in the next few days/weeks.

Maximum worst case? I'd say my capital goes up by an additional 10-20%...and that's very pessimistic.
  • #183
  • Nov 16, 2014 10:49am Nov 16, 2014 10:49am
Quoting roughtrader
it is pretty much impossible to turn 200 into 7000 after only 1 month. unless he was gambling with his money and really lucky and thats why he lost it all.
You are 10 years ahead of me (I was nowhere near you at 21), and light years ahead in forex (I have never achieved 3200% return in one month - my best was only 800% in one week, using extreme risk).

Just think where you could be if you focus on the task and learn from this experience. This is a challenge for you to overcome.
  • #184
  • Nov 16, 2014 11:40pm Nov 16, 2014 11:40pm
Hi sorry about your loss. When i was about 21 i turned a $100 deposit into $15,480 in about 2 months.
And then lost it all. I'm still alive. Don't do anything stupid...you will recover from this financially and emotionally. But not if your dead. Don't give up. It just takes time and practice.
Good luck all the best.
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  • #185
  • Nov 16, 2014 11:45pm Nov 16, 2014 11:45pm
Quoting RBlackburn
Hi sorry about your loss. When i was about 21 i turned a $100 deposit into $15,480 in about 2 months. And then lost it all. I'm still alive. Don't do anything stupid...you will recover from this financially and emotionally. But not if your dead. Don't give up. It just takes time and practice. Good luck all the best. {image} {image}
Here's the trades i took. You can see i was over-leveraging and using a martingale approach.
Attached File(s)
File Type: zip ArchiveTrades-5054090.zip   15 KB | 403 downloads
  • #186
  • Nov 17, 2014 2:45am Nov 17, 2014 2:45am
Quoting bluepanther
{quote} lol Mingary. Nice one! His last three responses have been exactly the same... seems Acroix70 is having a hard time accepting that fact. The poor guy, he must really feel for you!




-83.4%
  • #187
  • Edited 3:15am Nov 17, 2014 2:59am | Edited 3:15am
when abenomics was introduced ~1-2 years ago by the japanese;
I made $32k from $1k in 2 weaks: with about 2000 manual trades.

so it is possible...

not possible with:
bad money management,
no SL,
random war.

some proof:
daily ~150 trades with ~%70 win rate
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  • #188
  • Nov 17, 2014 3:12am Nov 17, 2014 3:12am
I would understand you cried over lost college money, but man, your money was only 200$, you lost only this amount, which you put yourself and until you made a withdrawal that could have been just your brokers pocket.

Stand up like a man and dont cry over 200$, 7$k was NEVER your money!
  • #189
  • Nov 17, 2014 3:14am Nov 17, 2014 3:14am
hardest part of trading is recovering from a drawback...

even harder when forex trading.
  • #190
  • Nov 17, 2014 3:18am Nov 17, 2014 3:18am
Quoting Ulterior
Stand up like a man and dont cry over 200$, 7$k was NEVER your money!
ofc it was his money, hard earned pips
  • #191
  • Nov 17, 2014 3:20am Nov 17, 2014 3:20am
Quoting openyoureyes
{quote} ofc it was his money, hard earned pips
It was his brokers obligation, not his money, until he made a withdrawal and see them in his bank account
  • #192
  • Nov 17, 2014 4:01am Nov 17, 2014 4:01am


Quoting Ulterior
{quote} It was his brokers obligation, not his money, until he made a withdrawal and see them in his bank account
Unrealised profit (not to be confused with unreal profit) is just that ....... not real!, and the same goes for your broker account balance ....

Knowing when to Hit the “collect" button on this poker machine is more important than working out when to place any entry or exit, be that pending or market order ........... he/she may have worked for the 7K but did not finish the job!
  • #193
  • Nov 17, 2014 4:08am Nov 17, 2014 4:08am
Quoting jamesph61
{quote} Unrealised profit (not to be confused with unreal profit) is just that ....... not real!, and the same goes for your broker account balance .... Knowing when to Hit the “collect" button on this poker machine is more important than working out when to place any entry or exit, be that pending or market order ........... he/she may have worked for the 7K but did not finish the job!
Right, 99% of brokers dont even pass your orders to market and 100% of them matches your orders against other customers, so its like a virtual casino of some sort with almost zero risk for them. Just when you press that magic button to transfer the money, then they are getting pissed off, until then, you are their sheep which voluntarily works for them to earn spread and provide a collateral which goes in their balance .

Best is to withdraw any deposit you made ASAP and trade only on profits, so they will be risking, not you!
  • #194
  • Nov 15, 2015 6:57am Nov 15, 2015 6:57am
This post should be sticked to every thread on this site. Very good work, mate! The truth!

Quoting ztop
Sorry about your loss. Everyone makes mistakes in this business and the ones that are the cockiest usually don't know what they are talking about. My best advice to you! Don't listen to anyone. Sit down in front of computer and just watch price. Until you can predict price, YOU ARE JUST GUESSING. In my book, guessing is for losers. Think about the reality of trading. For your trade to be successful you have to predict beforehand where price will end up. If you don't, you lose. That's why so many people lose. They have no clue to where price will...
  • #195
  • Nov 15, 2015 7:32am Nov 15, 2015 7:32am
Quoting ztop
Sorry about your loss. Everyone makes mistakes in this business and the ones that are the cockiest usually don't know what they are talking about. My best advice to you! Don't listen to anyone. Sit down in front of computer and just watch price. Until you can predict price, YOU ARE JUST GUESSING. In my book, guessing is for losers. Think about the reality of trading. For your trade to be successful you have to predict beforehand where price will end up. If you don't, you lose. That's why so many people lose. They have no clue to where price will...
There's a need to highlight this predictability of price behaviour before traders sit up to take notice of it instead of simply reject this notion of price predictability whose current state of lack is the reason for the widespread losses that's reported. The faster you accept this and start work on it, the earlier you get yourself out of this rut.
  • #196
  • Nov 15, 2015 7:43am Nov 15, 2015 7:43am
PLEASE VOTE: http://www.forexfactory.com/showthread.php?t=554547
  • #197
  • Nov 15, 2015 11:26am Nov 15, 2015 11:26am
Quoting ZaiKo
Hello everybody, I am new to posting, but not to forexfactory, I read a lot everyday in the forums, but never the opportunity to post. I am a 21 year old student right now and for me making money is pretty much null. However I have been experiencing Forex trading for about 1 year since I started learning a lot. I would like to tell you my long story, and yes, I know 1 year isn't a lot, but I really trained hard this 1 year and all the end I am pretty much disappointed. I like to post this to hear what you think about and because as I have also read...
Try again but with lower leverage 50:1 this will stop you from blowing up your account in 1 day. Instead it may help you control your emotion. I was in the same boat as you one time. I doubled my money in 1 month but blew it all in 1 day. I thought about what happened and I told myself I won't let it happen again. So one of my solution was to lower my leverage. Now I'm trading at 100:1 leverage. For you start at 50:1 and if you think you have more control of yourself go 100:1 leverage but I suggest 100:1 to be the max.
  • #198
  • Nov 15, 2015 1:36pm Nov 15, 2015 1:36pm
Quoting ZaiKo
Hello, Sorry guys, I was really busy and pretty much depressed about what happened, however I had a time to revalue about positive sides of this story and I really appreciate that this forum in its majority contains very helpful and serious people. Unlike other parts of the web where you actually find a vast amount of trolls, due to experience in this area, It's really rare to see such motivation posts together. I was actually busy thinking on new ideas, new life, new things. It really helped me. Summarizing I was actually busy with this stuff....
One of the better posts on FF.
  • #199
  • Nov 15, 2015 10:18pm Nov 15, 2015 10:18pm
Then you've only lost $200.
  • #200
  • Nov 16, 2015 1:54am Nov 16, 2015 1:54am
Quoting jamesph61
{quote} Unrealised profit (not to be confused with unreal profit) is just that ....... not real!, and the same goes for your broker account balance .... Knowing when to Hit the collect" button on this poker machine is more important than working out when to place any entry or exit, be that pending or market order ........... he/she may have worked for the 7K but did not finish the job!

It would have hurt if he had to pay taxes for the 7k at the end of the year and after that lost all of it
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