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How many trading accounts have you blown?
Membre depuis May 22, 2017
posts 85
Aug 19, 2022 at 08:24
Membre depuis May 22, 2017
posts 85
I have blown 12, two of them were very big and even as a profitable trader now I havent been able to recover.
What's your experience? Any contribution you can give me on the psychological side of this?
Thank you for sharing.
What's your experience? Any contribution you can give me on the psychological side of this?
Thank you for sharing.
F*** it we ball!
Aug 23, 2022 at 11:48
Membre depuis Aug 23, 2022
posts 1
master800ve posted:
I have blown 12, two of them were very big and even as a profitable trader now I havent been able to recover.
What's your experience? Any contribution you can give me on the psychological side of this?
Thank you for sharing.
Well to be honest a solid trading plan with a set of rules that i strictly follow helped me with the psychological side of forex so i think you should get some....i would recommend you listen to an audio book on YouTube (Trading in the zone) because that was my turning point in forex after actually listening to the book
Membre depuis Aug 05, 2021
posts 401
Aug 24, 2022 at 21:04
Membre depuis Aug 05, 2021
posts 401
master800ve posted:Wow! Good to see that you're still trading despite that. Would you say that you've learned from those experiences? Did it take an emotional toll on you?
I have blown 12, two of them were very big and even as a profitable trader now I havent been able to recover.
What's your experience? Any contribution you can give me on the psychological side of this?
Thank you for sharing.
Membre depuis Mar 31, 2021
posts 229
forex_trader_2983986
Membre depuis Aug 04, 2022
posts 31
Aug 25, 2022 at 18:15
Membre depuis Aug 04, 2022
posts 31
Never, Because I started trading with banks and you know how rules are rules and the funds involve,This still guilds me today with trading private funds, although i have a lot of automatic protections in all accounts, so that never gonna happen and coupled with the deciplines.
Membre depuis May 22, 2017
posts 85
Aug 25, 2022 at 20:35
Membre depuis May 22, 2017
posts 85
SKATA10 posted:master800ve posted:
I have blown 12, two of them were very big and even as a profitable trader now I havent been able to recover.
What's your experience? Any contribution you can give me on the psychological side of this?
Thank you for sharing.
Well to be honest a solid trading plan with a set of rules that i strictly follow helped me with the psychological side of forex so i think you should get some....i would recommend you listen to an audio book on YouTube (Trading in the zone) because that was my turning point in forex after actually listening to the book
I agree, I read the book, Mark Douglas was a genius and it helped me a lot back at that moment.
F*** it we ball!
Membre depuis May 22, 2017
posts 85
Aug 25, 2022 at 20:37
Membre depuis May 22, 2017
posts 85
HeavLeighGill26 posted:master800ve posted:Wow! Good to see that you're still trading despite that. Would you say that you've learned from those experiences? Did it take an emotional toll on you?
I have blown 12, two of them were very big and even as a profitable trader now I havent been able to recover.
What's your experience? Any contribution you can give me on the psychological side of this?
Thank you for sharing.
It did take an emotional toll at the time, it was hard, specially on the two big accounts. It did taught me a lot about who I was and why I traded the way I did.
Very expensive lesson, but on the long run worth it.
F*** it we ball!
Membre depuis May 22, 2017
posts 85
Aug 25, 2022 at 20:39
Membre depuis May 22, 2017
posts 85
Rococo_XVII posted:
I blew one account. It was more then 4 years ago. I decided to open real one and had about $3000. And because of my huge mistake I lost almost all my capital. After that I became very cautious.
Well it can happen to anyone.
Blowing up accounts taught me a lot about myself and trading in overall.
Hope you are trading better these days! Rock on!
F*** it we ball!
Membre depuis Mar 31, 2021
posts 229
Aug 29, 2022 at 15:56
Membre depuis Mar 31, 2021
posts 229
master800ve posted:Rococo_XVII posted:
I blew one account. It was more then 4 years ago. I decided to open real one and had about $3000. And because of my huge mistake I lost almost all my capital. After that I became very cautious.
Well it can happen to anyone.
Blowing up accounts taught me a lot about myself and trading in overall.
Hope you are trading better these days! Rock on!
Thank you. For now I am really feeling more better than any time. The loss helped me to be more attentive. And careful. Now I got back what I once lost. And very happy about it.
Think thrice before opening an order
Membre depuis May 22, 2017
posts 85
Sep 05, 2022 at 20:52
Membre depuis May 22, 2017
posts 85
Rococo_XVII posted:master800ve posted:Rococo_XVII posted:
I blew one account. It was more then 4 years ago. I decided to open real one and had about $3000. And because of my huge mistake I lost almost all my capital. After that I became very cautious.
Well it can happen to anyone.
Blowing up accounts taught me a lot about myself and trading in overall.
Hope you are trading better these days! Rock on!
Thank you. For now I am really feeling more better than any time. The loss helped me to be more attentive. And careful. Now I got back what I once lost. And very happy about it.
I'm very glad to read that! Keep up the good work!
F*** it we ball!
Membre depuis May 22, 2017
posts 85
Membre depuis Jan 05, 2021
posts 1
Sep 07, 2022 at 09:48
Membre depuis Jan 05, 2021
posts 1
One I blew was because I was trading with BTC as the base currency and took a 200% bonus from Coinexx, so I could effectively trade 3 times the volume. 2 things happened, BTC value dropped by about 30% with open trades, and when the actual equity in the account was gone, it closed all the trades and destroyed the account as the 'bonus' was not considered part of the equity. Lessons were to trade lower volumes with crypto as the base currency due to the underlying volatility, and never take a bonus - much better to trade with higher leverage which uses less equity than use a bonus to trade higher volumes.
Membre depuis Apr 09, 2019
posts 538
Membre depuis Mar 31, 2021
posts 229
Sep 08, 2022 at 16:33
Membre depuis Mar 31, 2021
posts 229
master800ve posted:Rococo_XVII posted:master800ve posted:Rococo_XVII posted:
I blew one account. It was more then 4 years ago. I decided to open real one and had about $3000. And because of my huge mistake I lost almost all my capital. After that I became very cautious.
Well it can happen to anyone.
Blowing up accounts taught me a lot about myself and trading in overall.
Hope you are trading better these days! Rock on!
Thank you. For now I am really feeling more better than any time. The loss helped me to be more attentive. And careful. Now I got back what I once lost. And very happy about it.
I'm very glad to read that! Keep up the good work!
Thank you.
And what about you? Did you recover after blow the account? How much time did it take?
Think thrice before opening an order
Membre depuis May 22, 2017
posts 85
Sep 22, 2022 at 20:06
Membre depuis May 22, 2017
posts 85
BrendanWKing posted:
One I blew was because I was trading with BTC as the base currency and took a 200% bonus from Coinexx, so I could effectively trade 3 times the volume. 2 things happened, BTC value dropped by about 30% with open trades, and when the actual equity in the account was gone, it closed all the trades and destroyed the account as the 'bonus' was not considered part of the equity. Lessons were to trade lower volumes with crypto as the base currency due to the underlying volatility, and never take a bonus - much better to trade with higher leverage which uses less equity than use a bonus to trade higher volumes.
That was quite an experience I'm sure. I agree, better to avoid 'extra bonus' and just trade with higher leverage always seems to be the better choice!
Words to live by
F*** it we ball!
Membre depuis May 22, 2017
posts 85
Sep 22, 2022 at 20:08
Membre depuis May 22, 2017
posts 85
sebking1986 posted:
3 nearly blown but all while using EAs when I first got into trading. As of yet no accounts from manual trading.
EAs are always tough! Congratulations on not blowing accounts on manual trades! Do you make a good return on risk? Just wondering.
F*** it we ball!
Membre depuis May 22, 2017
posts 85
Sep 22, 2022 at 20:55
Membre depuis May 22, 2017
posts 85
Rococo_XVII posted:master800ve posted:Rococo_XVII posted:master800ve posted:Rococo_XVII posted:
I blew one account. It was more then 4 years ago. I decided to open real one and had about $3000. And because of my huge mistake I lost almost all my capital. After that I became very cautious.
Well it can happen to anyone.
Blowing up accounts taught me a lot about myself and trading in overall.
Hope you are trading better these days! Rock on!
Thank you. For now I am really feeling more better than any time. The loss helped me to be more attentive. And careful. Now I got back what I once lost. And very happy about it.
I'm very glad to read that! Keep up the good work!
Thank you.
And what about you? Did you recover after blow the account? How much time did it take?
Yeah I recovered, took a few months, wasn't easy. But at least I accomplished my goal.
F*** it we ball!
Membre depuis May 22, 2017
posts 85
Membre depuis Mar 31, 2021
posts 229
Sep 30, 2022 at 11:54
Membre depuis Mar 31, 2021
posts 229
master800ve posted:Rococo_XVII posted:master800ve posted:Rococo_XVII posted:master800ve posted:Rococo_XVII posted:
I blew one account. It was more then 4 years ago. I decided to open real one and had about $3000. And because of my huge mistake I lost almost all my capital. After that I became very cautious.
Well it can happen to anyone.
Blowing up accounts taught me a lot about myself and trading in overall.
Hope you are trading better these days! Rock on!
Thank you. For now I am really feeling more better than any time. The loss helped me to be more attentive. And careful. Now I got back what I once lost. And very happy about it.
I'm very glad to read that! Keep up the good work!
Thank you.
And what about you? Did you recover after blow the account? How much time did it take?
Yeah I recovered, took a few months, wasn't easy. But at least I accomplished my goal.
Wow. This is great. What is your goal? Is it about 10 000 of profit during this period?
Think thrice before opening an order
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