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**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.