RahmanSL
Major
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- 2,938
I am posting this as an example of very bad money management, and how not to trade the forex.
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ECN Account started 1-Nov-2011 with usd3,000
Three days later, 3-Nov-2011, account size grew to usd8,651.83.
But then, due to greed and impatience, and one too many large lot size trades were placed on the wrong side of market, account is reduced down to usd1,308.66 on 3-Nov-2011.
In disgust and frustration, 5 short trades were opened and all set with TP at 1.36590 (with no SL).
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Ok, so now we wait & see whether the TP will be triggered and, if so, how much money can be recovered...i.e if the EUR/USD doesn't head further North and wiping out the account completely.
Any predictions on the future of this account???
P/S: Traders are warned NOT to do this at home as this can be detrimental to your account's health.
======================================================
ECN Account started 1-Nov-2011 with usd3,000
Three days later, 3-Nov-2011, account size grew to usd8,651.83.
But then, due to greed and impatience, and one too many large lot size trades were placed on the wrong side of market, account is reduced down to usd1,308.66 on 3-Nov-2011.
In disgust and frustration, 5 short trades were opened and all set with TP at 1.36590 (with no SL).
=========================================================
Ok, so now we wait & see whether the TP will be triggered and, if so, how much money can be recovered...i.e if the EUR/USD doesn't head further North and wiping out the account completely.
Any predictions on the future of this account???
P/S: Traders are warned NOT to do this at home as this can be detrimental to your account's health.
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