Mission Impossible: How I recover my 50% loss in 15 days | Forex Factory

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Mission Impossible: How I recover my 50% loss in 15 days

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  • #1
  • First Post: Jan 29, 2016 4:30am Jan 29, 2016 4:30am
Due to japan rate lo i lost my 50 percent account but i can recover it in 15 to 20 days
  • #2
  • Jan 29, 2016 5:01am Jan 29, 2016 5:01am
Yeah, you might recover it - or lose the other 50% just as easy as you lost the first half of the account. My advice to you is to stop trading, close your account (why are you using that bucketshop fort financial anyway ?) and get back on demo till you figure out what you're doing wrong.
The worst thing I can be is the same as everybody else. I hate that.
  • #3
  • Jan 29, 2016 9:59am Jan 29, 2016 9:59am
Quoting high321
Due to japan rate lo i lost my 50 percent account but i can recover it in 15 to 20 days
why the hell you were short? Can you explain your trading plan? A 200 pip move and 50% loss? Sounds a little bit over leveraged, so why do you take such a risk before a News event? And how much risk you will take to recover the loss in 20 days?
(.)(.) think first ...
  • #4
  • Jan 29, 2016 10:18am Jan 29, 2016 10:18am
Quoting GubyIQ
Yeah, you might recover it - or lose the other 50% just as easy as you lost the first half of the account. My advice to you is to stop trading, close your account (why are you using that bucketshop fort financial anyway ?) and get back on demo till you figure out what you're doing wrong.
(.)(.) think first ...
  • #5
  • Jan 29, 2016 2:33pm Jan 29, 2016 2:33pm
i find my mistake IN MY CENT ACCOUNT.
1.NO SL
2. NO TP
3 . NOT TAKE IN MIND POVIT POINT
4. CONCENTRATE ON TWO CHART 1M AND 5 M BOTH
  • #6
  • Jan 29, 2016 2:49pm Jan 29, 2016 2:49pm
Quoting maximumguita
{quote} why the hell you were short? Can you explain your trading plan? A 200 pip move and 50% loss? Sounds a little bit over leveraged, so why do you take such a risk before a news event? And how much risk you will take to recover the loss in 20 days?
why i short . Good question last night i think due to 5 min chart price pull back and become short . When the news come i thought is is as usul news and also that time i was also freeze . So did not fallow my rule. After some time i fell nusvious then i close position on loss.
  • #7
  • Jan 29, 2016 5:00pm Jan 29, 2016 5:00pm
Quoting high321
{quote} why i short . Good question last night i think due to 5 min chart price pull back and become short . When the news come i thought is is as usul news and also that time i was also freeze . So did not fallow my rule. After some time i fell nusvious then i close position on loss.
become short by looking at the 5 min chart???? Wow man i think you have to analyse your charts a little bit closer. If you trade 5 min TF, OK but then you should set your TP/SL regarding to that TF and even if the price comes back is it a question of "have the market taken you out of the game" by blowing your acount. You know, to learn trading is so hard because you can make falts and they will be honored with profit or even you do every thing right (from the technical site like analysis MM and all these things) but still have losses but you do it one time, two times or ten times and then .... boom your acount is gone by one falt or not having a plan to manage a trade (and that needs more than just taken profits or setting stopps).
Regards
(.)(.) think first ...
  • #8
  • Last Post: Jan 29, 2016 7:09pm Jan 29, 2016 7:09pm
Good traders always emphasize money management. If you try to recover your loss you might turn your trading into gambling. Losses are part of the business and normal. Even the most successfull fund managers have losing years. So take courage, learn from your mistakes and practice solid rules. Money is emotional and nobody likes to lose as we all know it. When trading check the trend first and then act accordingly in smaller time frames. I check daily chart and then use 15 min chart. Have a profitable business which luck has nothing to do with it.
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