Yes, you will see on the charts, that the EURGBP shot straight up in one 15 minute candle to around 0.8220 (around 40 pips). Closing there would have put us at around a 45% account loss or so. As you can see from all the previous trades I did not have a problem cutting losses and cutting losses is the way to stop from losing even more and protect the account, however the few traders I talked with stated they would not be happy in any fashion with a nearly 50% loss of their account (which clearly makes sense), so that did bias my personal judgement on the trade to some extent. Another factor was the powerful impulse upwards at that moment and the very strong support level we bounced from. My first reaction at most times when this occurs in trading is to move stops up to lock in some more protection, but obviously that would only make the loss much larger as we were first starting to rise from those deep lows. Not accepting the 50% account lose at that very moment did not make putting stops up under that level an easy decision as the trade would likely retrace, at least somewhat, plus if 50% was not acceptable, the stops would make the trade lock in at 60-70% account loss, which was even less acceptable. The real problem began a couple/few weeks ago when the EURO has amazing fundamental news and was at key levels and more orders to buy were placed...only to have strong GBP news shortly after that dropped the pair nearly 50 pips in short order with the new larger lot size. I think right around that point we were at 30-35% draw down or so. The key is not being able to use the normal strategies due to trade size. Anyway, I appreciate your comment and question and that is the best I can type to explain....not a great reason or actions, but it is the best I can share here. Thank you.

   UrbelT posted:
   Well boys and girls, Ramen Noodles for the foreseeable future, $0.15 per pack.
1/4 of this world does not have 0.15 cents, and only see noodles when someone else is eating it in front of them

Listen, don’t be childish and take what you deserve.. as a MAN! Don’t block me just because you can’t take the truth.
The other thing that makes me mad is that you are trying to explain yourself by saying “Ohh yeah… we make 300% in January and 116% in February… bla bla, who cares??? You just wiped out an account (from $330,000 to under $6,000 … crazy!!!); you’re trading huge lots, with no stop loss, and getting Margin Called.
US Clients under you don’t have to worry too much either, as in a couple of days there is not going to be any balance left as you will get another margin call.

'For now, we still have sizable trades running live in the market.” --- YEAH, but on the wrong direction… and the worst thing is that you don’t have any MONEY to trade with. This is like the Titanic… Sorry to say because I lost money with you too…

Forex Trader 45547.. He is mad because nobody said nice things to him when he was winning… Ohhhh… This is not a place to make friends…. We are HERE TO MAKE MONEY!!! Go find friends in FACEBOOK!!
Bottom line is that WHO CARES how many winning trades you had in a row, how much money you made… The important thing here is that you just BLEW UP and account!!!! Because you didn’t know when to STOP the Trades….

If you put your whole life savings in the forex then you are dummer than you sound. If losing money in this forex is going to make have to eat romen noodles then you were already doom from the beginnibg. Hiw does god have anything ti do with forex. If god wanted you to have your money, you still would of had it. Please no bitching allowed. Admin keep on keeping on.