How many trading accounts have you blown?

Aug 19, 2022 at 08:24
Vues 2,112
37 Replies
Membre depuis May 22, 2017   posts 85
Aug 19, 2022 at 08:24
I have blown 12, two of them were very big and even as a profitable trader now I havent been able to recover.

What's your experience? Any contribution you can give me on the psychological side of this?

Thank you for sharing.
F*** it we ball!
Membre depuis Aug 23, 2022   posts 1
Aug 23, 2022 at 11:48
master800ve posted:
I have blown 12, two of them were very big and even as a profitable trader now I havent been able to recover.

What's your experience? Any contribution you can give me on the psychological side of this?

Thank you for sharing.

Well to be honest a solid trading plan with a set of rules that i strictly follow helped me with the psychological side of forex so i think you should get some....i would recommend you listen to an audio book on YouTube (Trading in the zone) because that was my turning point in forex after actually listening to the book
Membre depuis Aug 05, 2021   posts 401
Aug 24, 2022 at 21:04
master800ve posted:
I have blown 12, two of them were very big and even as a profitable trader now I havent been able to recover.

What's your experience? Any contribution you can give me on the psychological side of this?

Thank you for sharing.
Wow! Good to see that you're still trading despite that. Would you say that you've learned from those experiences? Did it take an emotional toll on you?
Membre depuis Mar 31, 2021   posts 229
Aug 25, 2022 at 15:49
I blew one account. It was more then 4 years ago. I decided to open real one and had about $3000. And because of my huge mistake I lost almost all my capital. After that I became very cautious.
Think thrice before opening an order
forex_trader_2983986
Membre depuis Aug 04, 2022   posts 31
Aug 25, 2022 at 18:15
Never, Because I started trading with banks and you know how rules are rules and the funds involve,This still guilds me today with trading private funds, although i have a lot of automatic protections in all accounts, so that never gonna happen and coupled with the deciplines.
Membre depuis May 22, 2017   posts 85
Aug 25, 2022 at 20:35
SKATA10 posted:
master800ve posted:
I have blown 12, two of them were very big and even as a profitable trader now I havent been able to recover.

What's your experience? Any contribution you can give me on the psychological side of this?

Thank you for sharing.

Well to be honest a solid trading plan with a set of rules that i strictly follow helped me with the psychological side of forex so i think you should get some....i would recommend you listen to an audio book on YouTube (Trading in the zone) because that was my turning point in forex after actually listening to the book

I agree, I read the book, Mark Douglas was a genius and it helped me a lot back at that moment.
F*** it we ball!
Membre depuis May 22, 2017   posts 85
Aug 25, 2022 at 20:37
HeavLeighGill26 posted:
master800ve posted:
I have blown 12, two of them were very big and even as a profitable trader now I havent been able to recover.

What's your experience? Any contribution you can give me on the psychological side of this?

Thank you for sharing.
Wow! Good to see that you're still trading despite that. Would you say that you've learned from those experiences? Did it take an emotional toll on you?

It did take an emotional toll at the time, it was hard, specially on the two big accounts. It did taught me a lot about who I was and why I traded the way I did.

Very expensive lesson, but on the long run worth it.
F*** it we ball!
Membre depuis May 22, 2017   posts 85
Aug 25, 2022 at 20:39
Rococo_XVII posted:
I blew one account. It was more then 4 years ago. I decided to open real one and had about $3000. And because of my huge mistake I lost almost all my capital. After that I became very cautious.

Well it can happen to anyone.

Blowing up accounts taught me a lot about myself and trading in overall.

Hope you are trading better these days! Rock on!
F*** it we ball!
Membre depuis Mar 31, 2021   posts 229
Aug 29, 2022 at 15:56
master800ve posted:
Rococo_XVII posted:
I blew one account. It was more then 4 years ago. I decided to open real one and had about $3000. And because of my huge mistake I lost almost all my capital. After that I became very cautious.

Well it can happen to anyone.

Blowing up accounts taught me a lot about myself and trading in overall.

Hope you are trading better these days! Rock on!

Thank you. For now I am really feeling more better than any time. The loss helped me to be more attentive. And careful. Now I got back what I once lost. And very happy about it.
Think thrice before opening an order
Membre depuis Jun 29, 2022   posts 26
Aug 31, 2022 at 15:14
Well done for staying focused and determined.
You obviously have a strong mindset to bounce back 💪
Keep it country
Membre depuis May 22, 2017   posts 85
Sep 05, 2022 at 20:52
Rococo_XVII posted:
master800ve posted:
Rococo_XVII posted:
I blew one account. It was more then 4 years ago. I decided to open real one and had about $3000. And because of my huge mistake I lost almost all my capital. After that I became very cautious.

Well it can happen to anyone.

Blowing up accounts taught me a lot about myself and trading in overall.

Hope you are trading better these days! Rock on!

Thank you. For now I am really feeling more better than any time. The loss helped me to be more attentive. And careful. Now I got back what I once lost. And very happy about it.

I'm very glad to read that! Keep up the good work!
F*** it we ball!
Membre depuis May 22, 2017   posts 85
Sep 05, 2022 at 20:53
SupplyZT posted:
Well done for staying focused and determined.
You obviously have a strong mindset to bounce back 💪

Thank you! I do! Even though it was truly hard but I overcame that
F*** it we ball!
Membre depuis Jan 05, 2021   posts 1
Sep 07, 2022 at 09:48
One I blew was because I was trading with BTC as the base currency and took a 200% bonus from Coinexx, so I could effectively trade 3 times the volume. 2 things happened, BTC value dropped by about 30% with open trades, and when the actual equity in the account was gone, it closed all the trades and destroyed the account as the 'bonus' was not considered part of the equity. Lessons were to trade lower volumes with crypto as the base currency due to the underlying volatility, and never take a bonus - much better to trade with higher leverage which uses less equity than use a bonus to trade higher volumes.
Membre depuis Apr 09, 2019   posts 538
Sep 07, 2022 at 14:26
3 nearly blown but all while using EAs when I first got into trading. As of yet no accounts from manual trading.
If you can't spot the liquidity then you are the liquidity.
Membre depuis Mar 31, 2021   posts 229
Sep 08, 2022 at 16:33
master800ve posted:
Rococo_XVII posted:
master800ve posted:
Rococo_XVII posted:
I blew one account. It was more then 4 years ago. I decided to open real one and had about $3000. And because of my huge mistake I lost almost all my capital. After that I became very cautious.

Well it can happen to anyone.

Blowing up accounts taught me a lot about myself and trading in overall.

Hope you are trading better these days! Rock on!

Thank you. For now I am really feeling more better than any time. The loss helped me to be more attentive. And careful. Now I got back what I once lost. And very happy about it.

I'm very glad to read that! Keep up the good work!

Thank you.
And what about you? Did you recover after blow the account? How much time did it take?
Think thrice before opening an order
Membre depuis May 22, 2017   posts 85
Sep 22, 2022 at 20:06
BrendanWKing posted:
One I blew was because I was trading with BTC as the base currency and took a 200% bonus from Coinexx, so I could effectively trade 3 times the volume. 2 things happened, BTC value dropped by about 30% with open trades, and when the actual equity in the account was gone, it closed all the trades and destroyed the account as the 'bonus' was not considered part of the equity. Lessons were to trade lower volumes with crypto as the base currency due to the underlying volatility, and never take a bonus - much better to trade with higher leverage which uses less equity than use a bonus to trade higher volumes.

That was quite an experience I'm sure. I agree, better to avoid 'extra bonus' and just trade with higher leverage always seems to be the better choice!

Words to live by
F*** it we ball!
Membre depuis May 22, 2017   posts 85
Sep 22, 2022 at 20:08
sebking1986 posted:
3 nearly blown but all while using EAs when I first got into trading. As of yet no accounts from manual trading.

EAs are always tough! Congratulations on not blowing accounts on manual trades! Do you make a good return on risk? Just wondering.
F*** it we ball!
Membre depuis May 22, 2017   posts 85
Sep 22, 2022 at 20:55
Rococo_XVII posted:
master800ve posted:
Rococo_XVII posted:
master800ve posted:
Rococo_XVII posted:
I blew one account. It was more then 4 years ago. I decided to open real one and had about $3000. And because of my huge mistake I lost almost all my capital. After that I became very cautious.

Well it can happen to anyone.

Blowing up accounts taught me a lot about myself and trading in overall.

Hope you are trading better these days! Rock on!

Thank you. For now I am really feeling more better than any time. The loss helped me to be more attentive. And careful. Now I got back what I once lost. And very happy about it.

I'm very glad to read that! Keep up the good work!

Thank you.
And what about you? Did you recover after blow the account? How much time did it take?

Yeah I recovered, took a few months, wasn't easy. But at least I accomplished my goal.
F*** it we ball!
Membre depuis May 22, 2017   posts 85
Sep 22, 2022 at 20:56
Notandum posted:
Ya! I have almost blown my trading account thrice in a row before I actually started making real profits.

Sometimes learning the hard way is the best way!
Kudos to you for overcoming that!
F*** it we ball!
Membre depuis Mar 31, 2021   posts 229
Sep 30, 2022 at 11:54
master800ve posted:
Rococo_XVII posted:
master800ve posted:
Rococo_XVII posted:
master800ve posted:
Rococo_XVII posted:
I blew one account. It was more then 4 years ago. I decided to open real one and had about $3000. And because of my huge mistake I lost almost all my capital. After that I became very cautious.

Well it can happen to anyone.

Blowing up accounts taught me a lot about myself and trading in overall.

Hope you are trading better these days! Rock on!

Thank you. For now I am really feeling more better than any time. The loss helped me to be more attentive. And careful. Now I got back what I once lost. And very happy about it.

I'm very glad to read that! Keep up the good work!

Thank you.
And what about you? Did you recover after blow the account? How much time did it take?

Yeah I recovered, took a few months, wasn't easy. But at least I accomplished my goal.

Wow. This is great. What is your goal? Is it about 10 000 of profit during this period?
Think thrice before opening an order
Se connecter / S’inscrire to comment
You must be connected to Myfxbook in order to leave a comment
*Lutilisation commerciale et le spam ne seront pas tolérés et peuvent entraîner la fermeture du compte.
Conseil : Poster une image/une url YouTube sera automatiquement intégrée dans votre message!
Conseil : Tapez le signe @ pour compléter automatiquement un nom dutilisateur participant à cette discussion.