Market Wizard
(master800ve)
Membre depuis May 22, 2017
posts 53
Sep 30 2022 at 22:44
Rococo_XVII posted: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?
Well When I lost everything it was around 40k and now Im up on 65k, my profits they go from 3:1 to 2:1, If there is a market condition that will allow to do even more I'll hop on that.
And I became consistent on my drawdowns, I never let my account go below 6% on a trading session, if that happens I'm out of that trading session.
It's just weird how just the mindset settles when you have been a lot through the trading arena.
As far as goals go, well I hope to reach 100k at some point. I don't mind how long it takes, just want to get there.
What's your goals?
F*** it we ball!
Rococo_XVII
Membre depuis Mar 31, 2021
posts 169
Oct 03 2022 at 12:56
master800ve posted:Rococo_XVII posted: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?
Well When I lost everything it was around 40k and now Im up on 65k, my profits they go from 3:1 to 2:1, If there is a market condition that will allow to do even more I'll hop on that.
And I became consistent on my drawdowns, I never let my account go below 6% on a trading session, if that happens I'm out of that trading session.
It's just weird how just the mindset settles when you have been a lot through the trading arena.
As far as goals go, well I hope to reach 100k at some point. I don't mind how long it takes, just want to get there.
What's your goals?
My goal for now is reaching 100k to the end of the year. I hope to reach it. Now my capital is $87 770. I always try to reach about 2-3% per trade. And my drawdown now is about 8%.
But I want to improve my trading system and increase my capital twice next year.
Think thrice before opening an order
Market Wizard
(master800ve)
Membre depuis May 22, 2017
posts 53
Oct 03 2022 at 16:00
Rococo_XVII posted:master800ve posted:Rococo_XVII posted: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?
Well When I lost everything it was around 40k and now Im up on 65k, my profits they go from 3:1 to 2:1, If there is a market condition that will allow to do even more I'll hop on that.
And I became consistent on my drawdowns, I never let my account go below 6% on a trading session, if that happens I'm out of that trading session.
It's just weird how just the mindset settles when you have been a lot through the trading arena.
As far as goals go, well I hope to reach 100k at some point. I don't mind how long it takes, just want to get there.
What's your goals?
My goal for now is reaching 100k to the end of the year. I hope to reach it. Now my capital is $87 770. I always try to reach about 2-3% per trade. And my drawdown now is about 8%.
But I want to improve my trading system and increase my capital twice next year.
We are going to get there! Rock on!
F*** it we ball!
liveking35
Membre depuis Oct 04, 2022
posts 3
Oct 04 2022 at 17:21
I have blown 4 but thanks to that guy on twitter I will not be able to blow any :D
Market Wizard
(master800ve)
Membre depuis May 22, 2017
posts 53
Oct 05 2022 at 15:04
liveking35 posted:
I have blown 4 but thanks to that guy on twitter I will not be able to blow any :D
Its a hard lesson but a worthy one!
F*** it we ball!
Scortation
Membre depuis Sep 06, 2022
posts 26
Nov 11 2022 at 07:07
I haven’t really blown any live trading accounts. When I was a beginner, I would take a break from trading once I see the drawdown increasing beyond my set limit. That way I am able to save my account before it’s blown. I think even a new trader can trade without blowing up their account if they pay enough attention to risk management.
HeavenLeighGill
(HeavLeighGill26)
Membre depuis Aug 05, 2021
posts 401
Dec 09 2022 at 14:42
liveking35 posted:What guy on Twitter? Can you elaborate on this? I'm curious lol
I have blown 4 but thanks to that guy on twitter I will not be able to blow any :D
I have just blown one, $4000. back to demo
Prince Sajir
(princesajir)
Membre depuis Jan 25, 2022
posts 148
Feb 08 at 06:11
There was only 1 and I don't think I will make the same mistake again.
Rococo_XVII
Membre depuis Mar 31, 2021
posts 169
Mar 01 at 12:41
princesajir posted:That is great you made a conclusion and corrected the mistake. It is always worth learning from people like you. Unfortunately, it does not always work out the way you want. But not many people can accept and correct the situation.
There was only 1 and I don't think I will make the same mistake again.
Think thrice before opening an order
Market Wizard
(master800ve)
Membre depuis May 22, 2017
posts 53
Mar 13 at 15:25
utraeg posted:
I have just blown one, $4000. back to demo
That's probably for the best!
F*** it we ball!
Market Wizard
(master800ve)
Membre depuis May 22, 2017
posts 53
Mar 13 at 15:28
Scortation posted:
I haven’t really blown any live trading accounts. When I was a beginner, I would take a break from trading once I see the drawdown increasing beyond my set limit. That way I am able to save my account before it’s blown. I think even a new trader can trade without blowing up their account if they pay enough attention to risk management.
I agree, but I think that when you are beginning and figuring out your risk profile, its ok to blow up accounts, that's how you know your limits and if you are overdoing the positions.
At least that's how I set my risk profile, a lesson learned the hard way.
F*** it we ball!
Market Wizard
(master800ve)
Membre depuis May 22, 2017
posts 53
Mar 13 at 15:29
Chrisewon posted:
I have blown 2, 3200$
No worries!
You will come back from it eventually, just don't make it a habit to blow up accounts hehe.
F*** it we ball!
Market Wizard
(master800ve)
Membre depuis May 22, 2017
posts 53
Mar 13 at 15:29
HeavLeighGill26 posted:liveking35 posted:What guy on Twitter? Can you elaborate on this? I'm curious lol
I have blown 4 but thanks to that guy on twitter I will not be able to blow any :D
I'm very curious as well!
F*** it we ball!
Market Wizard
(master800ve)
Membre depuis May 22, 2017
posts 53
Mar 13 at 15:30
Rococo_XVII posted:princesajir posted:That is great you made a conclusion and corrected the mistake. It is always worth learning from people like you. Unfortunately, it does not always work out the way you want. But not many people can accept and correct the situation.
There was only 1 and I don't think I will make the same mistake again.
True that!
Correcting this sort of thing takes discipline and a lot of hard work!
F*** it we ball!
Rococo_XVII
Membre depuis Mar 31, 2021
posts 169
May 10 at 14:18
You know, I created a thread about what tips experienced traders can give. And more and more often there flashes the idea of using an EA. What do you think? Can the EA correct mistakes in trading?
Think thrice before opening an order
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