Still on my quest to reaching a Million with only $30 capital, in November I made a massive gain of just over 50% and only to be humbled by the market in December loosing 96% of the account 😂. I have adjusted my risk and still in the game, my approach is now different and overconfidence almost crushed me. January will be a completely different month and hopefully things will go according to plan, the journey continues😎
debragonzalez posted: Your gains can always be recovered if you try some other strategy or indicator. You can also explore some very good indicators like RSI and pair them with your strategy. Good luck.
Thanks debragonzalez. The problem was not strategy but risk management and discipline, I became too overconfident which made me to trade without stop loss etc. I have since recovered 55% of the account and getting there and I believe that in February I will be back in profit. Here's the link for the account: myfxbook.com/members/LGMCAPITAL/30-1million/7647317 Here's the link for the account that I'm trading properly, I'm using same strategy but different risk methods. This is a Multi Account Manager where clients accounts are connected to my Master account: myfxbook.com/portfolio/just-forex-multi-account-manager/7647387
The journey from $30 to $1Million continues, after making a massive comeback from 97.5% drawdown. At one point my capital was literally $1.5 as all the money was lost because I was risking way too much. I adjusted and started risking 5% per trade and made a whooping 127.41% in January. The first day of the 1st month of February was also good and for the first time the capital was fully recovered and I was breakeven. I'm already on 87% gain this month and we will see what February has in store for me
I am not saying that you will be able to get back all that you have lost. But if you improve your skills and trading system with time, you can surely make more profits that can give you the satisfaction that you have recovered your losses.
ADVERTENCIA DE ALTO RIESGO: El comercio de divisas implica un alto nivel de riesgo que puede no ser adecuado para todos los inversores.
El efecto de apalancamiento crea un riesgo adicional y una exposición a las pérdidas. Antes de decidirse a operar con divisas, considere cuidadosamente sus objetivos de inversión, su nivel de experiencia y su tolerancia al riesgo.
Podría perder una parte o la totalidad de su inversión inicial. No invierta dinero que no puede permitirse perder. Infórmese sobre los riesgos asociados al trading de divisas y pida consejo a un asesor financiero o fiscal independiente si tiene alguna duda.
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