3K PA II (By INVESTOR)
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3K PA II Discussion
Feb 03, 2010 at 16:48
564 Views
1 Replies
Feb 28, 2010 at 05:03
Hello,
I received some inquiries trough PMs regarding why I let/placed orders with out SL and TP that took my 3K PAII account on Myfxbook, from a 2300% gain close to its original $3000 starting point and let go a gain of more than $80,000
This is part of an exercise in one of the courses I am currently providing to Forex students and fellow traders, where I teach the following:
1- You can, and will, loose most of all of your “hard earned” money, made in so long time, making ONE SINGLE MISTAKE, that is, not using Stop Loss, TP and/or making ridiculous lot sizes. Therefore, if it took you a month to get from zero to 2300%, you can easily go from 2300% to zero in just MINUTES…!
2- Even tough, this can happen, it is also true that with the right discipline, skills and wise use of emotions, one can get back to the game and get back previous, and if followed orderly, make better percent gains. This is the phase this account is as now.
If those that made the inquiries still have more questions, please do not hesitate in contact me.
Thank you for your interest…
Regards and God Bless you all…
Investor
I received some inquiries trough PMs regarding why I let/placed orders with out SL and TP that took my 3K PAII account on Myfxbook, from a 2300% gain close to its original $3000 starting point and let go a gain of more than $80,000
This is part of an exercise in one of the courses I am currently providing to Forex students and fellow traders, where I teach the following:
1- You can, and will, loose most of all of your “hard earned” money, made in so long time, making ONE SINGLE MISTAKE, that is, not using Stop Loss, TP and/or making ridiculous lot sizes. Therefore, if it took you a month to get from zero to 2300%, you can easily go from 2300% to zero in just MINUTES…!
2- Even tough, this can happen, it is also true that with the right discipline, skills and wise use of emotions, one can get back to the game and get back previous, and if followed orderly, make better percent gains. This is the phase this account is as now.
If those that made the inquiries still have more questions, please do not hesitate in contact me.
Thank you for your interest…
Regards and God Bless you all…
Investor
Member Since Sep 04, 2009
879 posts
Feb 28, 2010 at 06:15
thanks the heaven, u haven't been my forex trading teacher.......what a nonsense trading approach is this????
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