From Gaining consistently to Losing account in 2 weeks.

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**04
8**71
9**43
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.

Sorry man, that stinks.

lose everything in 2 weeks? thats very bad MM and Your emotion loss control. Your trading history saying your emotion is very high on eurjpy and usdjpy. You dont want to lose and do martiangle. Try to cutloss to minimize your risk and go refreshing. After you are fresh, come back again to recover your loss.

Love the honestly.. its a lesson to learn from

Well i am with the account 7**04 and don't have any news from you ForexGuru.US

dont give up brother.. keep spirit :)

Keep going..........

Thank you all for your support.

I had been away from this forum for a while and was reworking on my strategies for a high leverage accounts like the one that I lost earlier.

And I am glad to know that I am getting back on track with recovering losses :)

2014 has begun on a positive note and I would be hoping for earliest recovery of funds lost in above mentioned account 😄.

copycat10 posted:
Well i am with the account 7**04 and don't have any news from you ForexGuru.US

I have sent you a PM a while ago. will keep you posted as I progress.

it takes a true man to come out and face everybody! hope you learnt the lesson and can now move on and make sure it never happens again!

Good to hear you are climbing out of the hole slowly.............Don't tamper with your trading strategy too quickly and continue to push ahead carefully. All the best for 2014 mate 😉

dxnation posted:
Thank you all for your support.

I had been away from this forum for a while and was reworking on my strategies for a high leverage accounts like the one that I lost earlier.

And I am glad to know that I am getting back on track with recovering losses :)

2014 has begun on a positive note and I would be hoping for earliest recovery of funds lost in above mentioned account 😄.

glad to hear that.. keep spirit brother.

No news at all from dxnation. And no news from my money too.

This proves that success in this business is 90% psichological. But is is a great step forward to admit one's mistakes and look for solutions.

dxnation posted:
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**04
8**71
9**43
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.

@dxnation
First of all you should learn to use stop losses thus you can't blow the account.

Clearly https://www.dropbox.com/s/6l65merdj6hfvjr/statement.pdf?dl=0

copycat10 posted:
Clearly https://www.dropbox.com/s/6l65merdj6hfvjr/statement.pdf?dl=0

@copycat10
Why do you post statement as link to 3rd party download site which is insecure. While MFB is specifically designed to share your statement?