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First Margin Call - Feel like a complete loser

Jun 02, 2020 at 12:36
418 Visa
6 Replies
Medlem sedan May 17, 2020   2 inlägg
Jun 02, 2020 at 12:36
Was doing ok (well not really), then did the stupidest thing ever.

I forget to check my lot size, and went short on XAUGBP on M5 timeframe because I thought I saw a good reveral based on EMA 8,13,21.
No I didn't.
What I did do was lose £387 of my initial £500 first live trading account in around 30 seconds.

Feel like such a complete and utter prick.

Medlem sedan Nov 17, 2016   1 inlägg
Jun 02, 2020 at 15:18
evrybody has done this kind of mistake
Medlem sedan Sep 23, 2017   1 inlägg
Jun 03, 2020 at 13:48
Jesus at one time I was going that twice a week on live accounts and I can't even remember how many demos I and blown up like that. Just be sure to check your Lot size and remember you never stop learning.
Medlem sedan Jul 23, 2020   869 inlägg
Oct 07, 2021 at 14:49
Yeah. I also face that mistake. It’s really bad.
Medlem sedan Jul 23, 2020   759 inlägg
Oct 07, 2021 at 20:56
It is good to learn from the mistake. After all, we are all human.
Medlem sedan Jun 14, 2021   53 inlägg
Oct 21, 2021 at 04:04
Discipline is the most important thing in forex, but on the other hand, experience comes with mistakes, so always be careful when taking trades.
Medlem sedan Mar 15, 2019   82 inlägg
Oct 24, 2021 at 23:53
It happens mate.... I blew about 6 accounts a couple of years back... Luckily none for a while now
All or nothing
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