How Many Accounts Did You Blow Before You Got It Right?

Just blown my account. Initial 500 usd.
Greed got me. And Revenge got me.

Several but still not good enough...there are acc still waiting to be blown...

lol

Yes,today i blew my first account due to ego and gread+revenge trading.

The closest was 1 account - $400 deposit, went from 120% ROI to -62% in 10 hours

Stuck with micro-lots and only made 2 more deposits since 2007.

Total Invested $1200

$500 was client funds that I doubled. I left the original Client funds in the account and cashed them out locally.

The account has migrated a few times since then.

But I find that consistent pip capture is more important than massive gain.

so officially 0 accounts. I've never been to a point that I couldn't execute a trade without funding.

If you want to build a bridge, you study bridge-building, you lay plans then you build the bridge and you do not let anyone cross it until you are 100% certain it wouldn't collapse catastrophically.

Failure should be our teacher, not our undertaker. Failure is delay, not defeat. It is a temporary detour, not a dead end. Failure is something we can avoid only by saying nothing, doing nothing, and being nothing.

I blew so many accounts so regularly that I stopped funding any new account because I knew I will blow that account too !

"I don't measure a man's success by how high he climbs but how high he bounces when he hits bottom George.S.Patton


1st account - 2.5 years ago got scammed in cyprus now have a lawyer suing there ass ( we talking lots of coin), yes I lost money but not until after they had me by the balls with there illegal activity.
2nd Account - 1 year ago hit me over the head - 4k
3rd account - 6 months ago Had a bad monday lost 25% of my portfolio. That night I couldnt sleep telling myself you'll do fine your a good trader look at the past 1.5 months your making money but because I only got 3 hours sleep, I would normally not trade, but I said to myself you cant give up you need to trade (funny what the mind does to you when you dont sleep) thinking I would make it back(new rule not trading with less then 6 hours sleep) or course that didnt happen. lol Turned 4k into 12k then 9k then 0k. Funny also what the minds does when you dont sleep, its telling you to stop trading or at this point gambling, not thinking clearly you just say screw it.

4th Account - Still going strong 1525% as of right now. Im pretty proud not gonna lie. But I havent taken a withdrawal yet maybe in the new years. Its not about greed or how much you make!! Its just about focusing on the movement of the market. You cant think about the money and all the things you buy. Its about did price hit the supply zone, it just broke the uptrend, doji forming, double top in progress, less volume accumulation.

This thread should get thousands of posts ...

Trading is like having one's financial life on Meth.
The next fix is only one more account away

yes but it feels good !

In my very early days I got a 100$ non deposit bonus account which I used to try out some strategy (as the money wasn't really mine to begin with). The balance went south pretty soon.

I am a parsimonious person and dislike to loose money. That is why I only went live after I was certain that what I do actually works. If we don't count the first account mentioned above ,where I not lost any money, I have yet to blow my first account. I actually have never been under my initial equity ever. At the end I probably spend a few years more than the average trader would on demo accounts. There was a bumpy time in between in which I miscalculated a position size which took a huge chunk of my balance away but I could recover at the end.

I blew many accounts too in my first few years of trading. My weakness.

I like your comment bro. Make me laugh.hihi

Did stupid things like forgetting stop losses and trading the news recently, hello Draghi I love you...3k or so blown up in the air.

I blew 49 accounts with each funded with 25, 50, and 100, 150$ for 3 years totally $2895. Please don't repeat my errors. I will make profits in first week to second week before big lot blow it away

You would think that after the 48th blown account you would notice something amiss.

Many factors led to mine such as poor electricity, greed, emotion, signals from other traders, poor capital, jumping from strategy to strategy and the traditional scalping through moving averages.

and oscillators