Watch me lose $29K from now - How long will it take?! | Forex Factory

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Watch me lose $29K from now - How long will it take?!

  • #1
  • First Post: Edited Jul 28, 2016 9:46am Jul 23, 2016 9:26am | Edited Jul 28, 2016 9:46am
I can't sync with the Forexfactory Explorer anymore

Here's the information MyFXBOOK : It look bad https://www.myfxbook.com/members/aar...c-goal/1724410

I've been losing a lot of money on Forex ... and 18 days ago I started again with $10K blow it, then another $10K blow it... and the last $10K ... I survived the and make $19K back in a week ..... The problems with losing all those time is that I tried to catch a falling knife or stand in front of the train... and don't use stop loss until get margin call ... Hopefully, I can learn better this time and not getting into any of the situation again.
  • #2
  • Jul 23, 2016 10:59am Jul 23, 2016 10:59am
Quoting aarontdang
I've been losing a lot of money on Forex ... and 18 days ago I started again with $10K blow it, then another $10K blow it... and the last $10K ... I survived the and make $19K back in a week ..... The problems with losing all those time is that I tried to catch a falling knife or stand in front of the train... and don't use stop loss until get margin call ... Hopefully, I can learn better this time and not getting into any of the situation again.
would you mind to upload some charts with loosing trades and we discuss and maybe learn?
(.)(.) think first ...
  • #3
  • Jul 23, 2016 11:13am Jul 23, 2016 11:13am
what a bad experience like me but dont worry... follow some method .. you can come out of loss train.....
will enter in the big green pips...

Quoting aarontdang
I've been losing a lot of money on Forex ... and 18 days ago I started again with $10K blow it, then another $10K blow it... and the last $10K ... I survived the and make $19K back in a week ..... The problems with losing all those time is that I tried to catch a falling knife or stand in front of the train... and don't use stop loss until get margin call ... Hopefully, I can learn better this time and not getting into any of the situation again.
Success is a Journey Not a Destination....... kind regards ramzam
  • #4
  • Jul 23, 2016 11:18am Jul 23, 2016 11:18am
The psychology aspect of the game is whats killing you.
  • #5
  • Jul 23, 2016 11:57am Jul 23, 2016 11:57am
Hello,
Why do you start a discussion knowing you are going to lose all that money?
Don't you think it will be better to stop and think about what happened?
You lost a lot of money 2 times, which means you didn't learn nothing, this time shouldn't be different.
Please, stop, think, and don't waste money like that.
I don't know, maybe for you that amount doesn't count, for me it does.
I have 350- 400 euro on my account for 2 years, i'm not a profitable trader ( i'm BE overall), but i'm trying to learn using the little money i have before jumping in with 10k.
Every trader is different for sure, but i don't get how you can lose large % ( usually in a single day) of your account without stopping and do something about it.
I would suggest you to trade as small as possible and learn the process.
You can risk 0,5% of your account for every idea you have, and still have a nice money reward (i guess it's what you are looking for)
I learned to look only on %, for now for me $ doesn't matter, it's the process itself that counts.
The longer you survive the better you get, don't you think?

I decided to write here because i see a lot of people on this forum doing the same, sometimes they get lucky sometimes they don't..
Spending money without learning..shame.

As i said i'm not a forex guru super mega profitable with 100% accuracy, but my little account is still alive from 2 years

P.s you can change your journal to desplay only % and not money, maybe this will help you.

But you can do whatever you want, it's your money overall

Shuael
  • #6
  • Jul 23, 2016 1:13pm Jul 23, 2016 1:13pm
Playing with small capital and good size capital are two different things. It's like compare apple to orange


one thing I learn from this, if the market goes against you fast, Cut loss and wait
Also I'm gonna use stop loss this time.
  • #7
  • Jul 23, 2016 1:26pm Jul 23, 2016 1:26pm
Quoting aarontdang
Playing with small capital and good size capital are two different things. It's like compare apple to orange one thing I learn from this, if the market goes against you fast, Cut loss and wait Also I'm gonna use stop loss this time.
You could learn the same thing spending less.
Sincerely i can't understand why people say that with a small account you are willing to risck more, but i never had a large account so i can't say anything about that.
I realy Wish that you will not end up losing all that money.
But -50% on a single trade should hurt , no matter the account size.
Good luck, hope you will be doing fine.
  • #8
  • Jul 23, 2016 7:45pm Jul 23, 2016 7:45pm
Quoting maximumguita
{quote} would you mind to upload some charts with loosing trades and we discuss and maybe learn?
Look at my record you should see it, I got the worse luck. Do opposite of what trades guarantee you will win
  • #9
  • Jul 23, 2016 11:31pm Jul 23, 2016 11:31pm
Market gives people what they want... Lots of people want to lose..

If your losing that much money so fast... your probably trading to big.. and havent found your edge yet.

I'm betting your placing way too big of trades
The only system that will work is one designed by and for yourself.
  • #10
  • Jul 23, 2016 11:51pm Jul 23, 2016 11:51pm
Quoting aarontdang
I've been losing a lot of money on Forex ... and 18 days ago I started again with $10K blow it, then another $10K blow it... and the last $10K ... I survived the and make $19K back in a week ..... The problems with losing all those time is that I tried to catch a falling knife or stand in front of the train... and don't use stop loss until get margin call ... Hopefully, I can learn better this time and not getting into any of the situation again.
Your lot sizes are too big. Yes you can win a lot but also loose a lot and blow out your account.

For high risk $10,000 try using 1 lot only as max size

For lower risk Use .3 or even .1 you can always add to your positions if you start of small, and its less stressful.
20 Pips a day keeps centerlink away
  • #11
  • Jul 24, 2016 2:28am Jul 24, 2016 2:28am
Quoting aarontdang
{quote} Look at my record you should see it, I got the worse luck. Do opposite of what trades guarantee you will win
i am not interested in looking at your records, i thought we can discuss maybe your entries and exits to improve your trading because i donīt think that it was just worse luck, of course only if you are interested in an opinion of someone else.

anyway best Regards
(.)(.) think first ...
  • #12
  • Jul 24, 2016 4:04am Jul 24, 2016 4:04am
Lot sizes way too big. I would say that you are gambling not trading. Trading = a) good money management b) finding good entry and exit points.

You are failing in a "a)".

10k account lot size should be 0.1 for calm trading and 1.0 lots for risky trading.

Hopefully all goes well with you.

Dan.
  • #13
  • Jul 24, 2016 4:22am Jul 24, 2016 4:22am
Quoting aarontdang
I've been losing a lot of money on Forex ... and 18 days ago I started again with $10K blow it, then another $10K blow it... and the last $10K ... I survived the and make $19K back in a week ..... The problems with losing all those time is that I tried to catch a falling knife or stand in front of the train... and don't use stop loss until get margin call ... Hopefully, I can learn better this time and not getting into any of the situation again.
Hi aarontdang, the best of luck for you
"You may say I am a dreamer .... but I am not the only one."
  • #14
  • Jul 24, 2016 4:49am Jul 24, 2016 4:49am
Quoting aarontdang
I've been losing a lot of money on Forex ... and 18 days ago I started again with $10K blow it, then another $10K blow it... and the last $10K ... I survived the and make $19K back in a week ..... The problems with losing all those time is that I tried to catch a falling knife or stand in front of the train... and don't use stop loss until get margin call ... Hopefully, I can learn better this time and not getting into any of the situation again.
Instead gambling your money, you could follow a specific system on myfxbook through autotrade . You have more chances to make money this way than trading on yourself.
Money moves the market, not an indicator.
  • #15
  • Jul 24, 2016 4:53am Jul 24, 2016 4:53am
Quoting Shuael
Hello, Why do you start a discussion knowing you are going to lose all that money?
I think he will go suicide. He lost 20k now he open another account with the intention to lose again. I think somebody should alert police and I don't joke. Perhaps he is so demoralized and is hoping to recover losses through revenge-trading. This is not a joke .
Money moves the market, not an indicator.
  • #16
  • Jul 24, 2016 4:56am Jul 24, 2016 4:56am
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good luck bro,
Exits == most important part of your strategy
  • #17
  • Jul 25, 2016 5:08am Jul 25, 2016 5:08am
Quoting aarontdang
{quote} Look at my record you should see it, I got the worse luck. Do opposite of what trades guarantee you will win
Luck has nothing to do with your results. You have been trading against the trend & appear to have no strategy at all.
Take my advise for what it's worth.
1. Cancel ALL the trades you have running. They are going the wrong way.
2. Do NOT trade that account again until you have a winning formula on the small account which I assume is still in existence.
3. Trade the small account at 0.10 until it has increased to $5000 or blown. Do NOT add to trades until the preceding trade is in profit.
You need a plan. A strategy. Discipline.
Without having an understanding of down, you can never appreciate up.
  • #18
  • Jul 25, 2016 8:14am Jul 25, 2016 8:14am
Of course you'll be losing so much money, you don't even have CONFIDENCE. Good god...
  • #19
  • Jul 26, 2016 1:14am Jul 26, 2016 1:14am
Stop wasting your money, message me, i can help you...
  • #20
  • Jul 26, 2016 4:37am Jul 26, 2016 4:37am
Hello,

Same for me.

Only loses!

Many methods....only loses.



Help really is difficult here.
Many people just want to make jokes.


luizschiavi_skype
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