From Gaining consistently to Losing account in 2 weeks.
Dec 09, 2013 at 07:28
1,024 Views
17 Replies
Dec 09, 2013 at 07:28
Hello fellow members,
I would like to write about one of my account which I lost due to a bad trading strategy and would like to come honest about it and say that it was a genuine mistake by me.
Though, I have been trading successfully for past 5 years now and have been successfully making money. I overlooked one of my account and it went down in ashes in a matter of short time.
I am sure people who trusted my strategy would be feeling pissed off as I blew my account but I want to come out in open and admit my mistake and want to tell them that I tried a different approach then my existing strategy which was very good for past 7-8 months and made some mistakes which took the account down. I am equally displeased with my performance as I had been consistently building this account since March 2013 and it took me well over 8 months to gain very good, I had reinvested my gains back in the trade as well.
As a fund manager, your loss is my loss too and I take complete responsibility of the loss.
The Account that went down was Hotforex PAMM account 7**07. There were few investors in this account. If you are one of the account holders then please get in touch with me and message me. I will ensure that I make up for the losses we all had collectively.
7**04
8**71
9**43
7**92 - This was my account.
Note: I will keep this PAMM account open and will operate it.
Lessons learned from this debacle:
1. Don't lose track of the market for a single moment.
2. Demo trade all the time even if you have made millions. This will bring good understanding to ever evolving market.
I would like to write about one of my account which I lost due to a bad trading strategy and would like to come honest about it and say that it was a genuine mistake by me.
Though, I have been trading successfully for past 5 years now and have been successfully making money. I overlooked one of my account and it went down in ashes in a matter of short time.
I am sure people who trusted my strategy would be feeling pissed off as I blew my account but I want to come out in open and admit my mistake and want to tell them that I tried a different approach then my existing strategy which was very good for past 7-8 months and made some mistakes which took the account down. I am equally displeased with my performance as I had been consistently building this account since March 2013 and it took me well over 8 months to gain very good, I had reinvested my gains back in the trade as well.
As a fund manager, your loss is my loss too and I take complete responsibility of the loss.
The Account that went down was Hotforex PAMM account 7**07. There were few investors in this account. If you are one of the account holders then please get in touch with me and message me. I will ensure that I make up for the losses we all had collectively.
7**04
8**71
9**43
7**92 - This was my account.
Note: I will keep this PAMM account open and will operate it.
Lessons learned from this debacle:
1. Don't lose track of the market for a single moment.
2. Demo trade all the time even if you have made millions. This will bring good understanding to ever evolving market.
Be among the very successful Forex Account Managers.
Member Since Dec 25, 2013
6 posts
Dec 26, 2013 at 11:58
lose everything in 2 weeks? thats very bad MM and Your emotion loss control. Your trading history saying your emotion is very high on eurjpy and usdjpy. You dont want to lose and do martiangle. Try to cutloss to minimize your risk and go refreshing. After you are fresh, come back again to recover your loss.
The Greatest Teacher Is RULE. if you think can't beat the rules,then join it for better experience!
Member Since Dec 27, 2013
42 posts
Jan 02, 2014 at 07:37
Love the honestly.. its a lesson to learn from
When the waves are good- Ride them, If they are not, wait for the next set
forex_trader_91886
Member Since Sep 18, 2012
150 posts
Feb 17, 2014 at 22:46
Keep going..........
Mar 04, 2014 at 08:55
Thank you all for your support.
I had been away from this forum for a while and was reworking on my strategies for a high leverage accounts like the one that I lost earlier.
And I am glad to know that I am getting back on track with recovering losses :)
2014 has begun on a positive note and I would be hoping for earliest recovery of funds lost in above mentioned account 😄.
I had been away from this forum for a while and was reworking on my strategies for a high leverage accounts like the one that I lost earlier.
And I am glad to know that I am getting back on track with recovering losses :)
2014 has begun on a positive note and I would be hoping for earliest recovery of funds lost in above mentioned account 😄.
Be among the very successful Forex Account Managers.
Member Since Feb 01, 2013
27 posts
Mar 04, 2014 at 09:21
it takes a true man to come out and face everybody! hope you learnt the lesson and can now move on and make sure it never happens again!
forex_trader_91886
Member Since Sep 18, 2012
150 posts
Mar 04, 2014 at 11:45
(edited Mar 04, 2014 at 11:46)
Good to hear you are climbing out of the hole slowly.............Don't tamper with your trading strategy too quickly and continue to push ahead carefully. All the best for 2014 mate 😉
Mar 04, 2014 at 18:55
dxnation posted:
Thank you all for your support.
I had been away from this forum for a while and was reworking on my strategies for a high leverage accounts like the one that I lost earlier.
And I am glad to know that I am getting back on track with recovering losses :)
2014 has begun on a positive note and I would be hoping for earliest recovery of funds lost in above mentioned account 😄.
glad to hear that.. keep spirit brother.
keep smile
Member Since Oct 11, 2013
775 posts
Jan 12, 2015 at 09:37
This proves that success in this business is 90% psichological. But is is a great step forward to admit one's mistakes and look for solutions.
Member Since Feb 22, 2011
4862 posts
Jan 12, 2015 at 10:00
dxnation posted:
Hello fellow members,
I would like to write about one of my account which I lost due to a bad trading strategy and would like to come honest about it and say that it was a genuine mistake by me.
Though, I have been trading successfully for past 5 years now and have been successfully making money. I overlooked one of my account and it went down in ashes in a matter of short time.
I am sure people who trusted my strategy would be feeling pissed off as I blew my account but I want to come out in open and admit my mistake and want to tell them that I tried a different approach then my existing strategy which was very good for past 7-8 months and made some mistakes which took the account down. I am equally displeased with my performance as I had been consistently building this account since March 2013 and it took me well over 8 months to gain very good, I had reinvested my gains back in the trade as well.
As a fund manager, your loss is my loss too and I take complete responsibility of the loss.
The Account that went down was Hotforex PAMM account 7**07. There were few investors in this account. If you are one of the account holders then please get in touch with me and message me. I will ensure that I make up for the losses we all had collectively.
7**04
8**71
9**43
7**92 - This was my account.
Note: I will keep this PAMM account open and will operate it.
Lessons learned from this debacle:
1. Don't lose track of the market for a single moment.
2. Demo trade all the time even if you have made millions. This will bring good understanding to ever evolving market.
@dxnation
First of all you should learn to use stop losses thus you can't blow the account.
Jan 12, 2015 at 13:10
Member Since Feb 22, 2011
4862 posts
Jan 12, 2015 at 13:23
copycat10 posted:
Clearly https://www.dropbox.com/s/6l65merdj6hfvjr/statement.pdf?dl=0
@copycat10
Why do you post statement as link to 3rd party download site which is insecure. While MFB is specifically designed to share your statement?
Member Since Jan 12, 2015
1 posts
Jan 12, 2015 at 14:58
dxnation posted:a good lesson for all traders. thanks, and sorry about the loss.
Hello fellow members,
I would like to write about one of my account which I lost due to a bad trading strategy and would like to come honest about it and say that it was a genuine mistake by me.
Though, I have been trading successfully for past 5 years now and have been successfully making money. I overlooked one of my account and it went down in ashes in a matter of short time.
I am sure people who trusted my strategy would be feeling pissed off as I blew my account but I want to come out in open and admit my mistake and want to tell them that I tried a different approach then my existing strategy which was very good for past 7-8 months and made some mistakes which took the account down. I am equally displeased with my performance as I had been consistently building this account since March 2013 and it took me well over 8 months to gain very good, I had reinvested my gains back in the trade as well.
As a fund manager, your loss is my loss too and I take complete responsibility of the loss.
The Account that went down was Hotforex PAMM account 7**07. There were few investors in this account. If you are one of the account holders then please get in touch with me and message me. I will ensure that I make up for the losses we all had collectively.
7**04
8**71
9**43
7**92 - This was my account.
Note: I will keep this PAMM account open and will operate it.
Lessons learned from this debacle:
1. Don't lose track of the market for a single moment.
2. Demo trade all the time even if you have made millions. This will bring good understanding to ever evolving market.
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