1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Ever Blown Your Trading Account?

Discussion in 'General Forex Talk' started by omo9ja, Jan 10, 2009.

  1. movit4000

    movit4000 Recruit

    Joined:
    Sep 12, 2009
    Messages:
    5
    Likes Received:
    1
    Yes, sadly I have, too many times. I learned the hard way to ALWAYS put stop losses, there was a point were I lost close to $50k luckily I learned my lesson and NEVER EVER trade without a stop loss or risk anything more of 2% of my account. in one single trade. I have been trading happily for over 6 years now :)
     
  2. bigdolly

    bigdolly Master Sergeant

    Joined:
    Oct 21, 2013
    Messages:
    718
    Likes Received:
    41
    My biggest loss was 2K from a trade and it took around 3 days. I didn't use stop losses and this was my mistake. I learned the lesson and it won't happen again. The best teacher is your life when it comes to simple things.
     
  3. thinkpad954

    thinkpad954 Recruit

    Joined:
    Dec 24, 2018
    Messages:
    12
    Likes Received:
    0
    You are Right i also have this kind of Experience
     
  4. holycow

    holycow Master Sergeant

    Joined:
    Apr 4, 2016
    Messages:
    251
    Likes Received:
    25
    Everyone make mistakes in start however the losses from these mistakes are actually the cost paid to acquire knowledge and skills. So better let go these losses and go ahead in order to become a successful person.
     

Share This Page