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How to recover losses/blown accounts
forex_trader_3793183
Uczestnik z Jul 29, 2024
31 postów
Aug 10 at 09:32
Uczestnik z Jul 29, 2024
31 postów
Hi, this is my take on how to recover losses or blown accounts.
I have so much come across over hundreds of newbies or traders that have blown or loss accounts during my webinar sections, and have helped more than 100 plus recover but believe me when I say, recovering a blown out account or great losses is not so pleasant task, you have to be a professional with stone heart free emotion to do that.
Sometimes when I see some account with losses and analyzed them, it all comes to one thing that caused them the losses, Greediness!
If you have experienced great loss from lack of planning or sticking to emotional free trading, Kindly don't rush yourself to recover all in short period of time, take a break to regain your mental health,
Then start the recovering process the next trading day, assuming you lose 1k starting capital for example, don't try to recover it in a day by putting yourself in unnecessary pressure.
You could actually start afresh and set the recovering to be in the long-run. Make a plan and goal for each week, you can risk 10 USD to make 50 USD daily for balance of 1k, do this in 4 or 5 days of the trading week and re-strategize and adjust the following weeks according to your capital, with this, you will simply recover in no time. Goodluck.
I have so much come across over hundreds of newbies or traders that have blown or loss accounts during my webinar sections, and have helped more than 100 plus recover but believe me when I say, recovering a blown out account or great losses is not so pleasant task, you have to be a professional with stone heart free emotion to do that.
Sometimes when I see some account with losses and analyzed them, it all comes to one thing that caused them the losses, Greediness!
If you have experienced great loss from lack of planning or sticking to emotional free trading, Kindly don't rush yourself to recover all in short period of time, take a break to regain your mental health,
Then start the recovering process the next trading day, assuming you lose 1k starting capital for example, don't try to recover it in a day by putting yourself in unnecessary pressure.
You could actually start afresh and set the recovering to be in the long-run. Make a plan and goal for each week, you can risk 10 USD to make 50 USD daily for balance of 1k, do this in 4 or 5 days of the trading week and re-strategize and adjust the following weeks according to your capital, with this, you will simply recover in no time. Goodluck.
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