Yes, it was a margin call
No, I do not and will not use SL
Everything above is still true.

R

Again? You need to seriously review your trading. I don't trade with a stoploss but I also don't get margin called or blow accounts every two months. I also don't attain percentage results like you because I trade low leverage so I don't have the all too familiar 'boom and bust'. I don't usually say things like this but you are trading other people's money. That's my issue.

This is one thing I don't understand about traders that don't use a stop loss.

How do you decide what your risk is without knowing what loss you are prepared to accept on a trade?

If you look at a trade and decide your lot size then do you have in mind what the maximum equity is that you are prepared to lose on that trade?

I love the HOPE and HOLD strategy.

This traders attitude is quite Up beat for having a margin call. He acts like it is No big deal to him and he is too stubborn to admit that is his trading style is unprofessional. And states that his other accounts are in Great Shape.(please upload your FXCM statement to another Publisher to display your Idea of Great shape.)

After reading all these comments, he is OK with 50% equity because he has so much faith in the Annual market cycle that he claims to exist. If he is really enjoying trading and is an active trader, he would have seen the YEN Strength and USD strength. READ SOME NEWS. ....and for someone to just sit back and do nothing about it really shows that this trader will never last in this unpredictable market.

And, comments above are still showing Hope and possible recovery from this episode.'' Patience'' and ''Steve'' both are 100% correct. Why use your Margin call for your Max Stoploss?

You could have hedged your bad trades back at a 10% equity drawdown until the dust settled and until your patterns became much clearer and more precise.

Well, if you have that much confidence in yourself and your strategy..... this is very good. and Best luck to your recovery...

Zebra

Thank you, good luck to you as well.
However, please read the comments carefully, I mentioned an annual cycle only with reference to having a strategy proven during a full year not each trade. One has nothing to do with the other, my trades last from few hours to few days on average
and they are very accurate so yes I do have faith in them and don't need to run SL at 20 pips. I don't guess my trades and therefore don't need to SL like most people - 'well maybe this will go my way but if it doesn't lets put a SL here'
Maybe I'm overconfident but that is my problem. We'll see in a year who is still here.

R