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  • #46,541
  • Oct 11, 2024 10:31am Oct 11, 2024 10:31am
Quoting NrSLionHeart
{quote} Placed a 2 lots sell order and I had to leave the computer for like 10 mins... When I got back there was a 1100 USD loss, account blown. Such is life ... 6 months of work down the drain. Got the account from 2000 to 7000, then down to 1600, then 800, then back to 1900 now 300... Was quite a ride!!!
I'm really sorry to hear about your situation. Just know that you're not alone; we've all been there, and even the best traders can face account blowouts. For the sake of learning, could you share what caused your account to blow? Did you forget to use a stop loss?why ?? Were you following your usual risk management strategies? Do you intend to recover your loss quickly ?Did you have any winning days or weeks before this happened? If you had a streak, what was going through your mind that led to this setback? Reflecting on it might help you and others who read this
  • #46,542
  • Oct 11, 2024 10:39am Oct 11, 2024 10:39am
Please need help. I am in severe depression and trauma ... i know it's not for many but it was my life saving and i took even lots of loan to safe the amount but i am now destroyed.. Please suggest me seniors and brothers.. i have been watching this forum for last 2 years... but now registered and posted 1st time

please suggest me what to do. I am ruined. my life is ruined.

please don't bash or make fun of my situation. Just tell me the next step now
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  • #46,543
  • Oct 11, 2024 10:40am Oct 11, 2024 10:40am
Shorting gold in this trend for months is difficult takes many days for small moves down and moves up are quick unless SL wipe out in a day or 2
  • #46,544
  • Oct 11, 2024 10:41am Oct 11, 2024 10:41am
Quoting Tintin2014
Vùng 2653~54 là mức kháng cự tốt. Thị trường có thể sẽ có một số thao túng và đẩy giá lên cao hơn một chút. Lần mở bán vàng đầu tiên của tôi là @2654.60, kích thước lô 0.01 DCA.
If h1 decreases, I think the H1 rsi divergence will pull the price back to 2647. I see many accounts burning because of old lessons on asset management. Average price with 0.01 to recover the wrong selling point is not difficult
  • #46,545
  • Oct 11, 2024 10:43am Oct 11, 2024 10:43am
Quoting NrSLionHeart
{quote} Placed a 2 lots sell order and I had to leave the computer for like 10 mins... When I got back there was a 1100 USD loss, account blown. Such is life ... 6 months of work down the drain. Got the account from 2000 to 7000, then down to 1600, then 800, then back to 1900 now 300... Was quite a ride!!!
Sorry to hear that. Stay out of trading for one week at least. Take your loss as a lesson. Focus on learning, Try Hard. Prepare yourself again for the next battle. Always remember, success is not a easy thing. It takes a lot of times with endless efforts. You have to climb so many stairs to reach your goal. Keep learning & Go harder. ATB.
  • #46,546
  • Oct 11, 2024 10:43am Oct 11, 2024 10:43am
Quoting NrSLionHeart
{quote} Placed a 2 lots sell order and I had to leave the computer for like 10 mins...
I never leave it when I have new positions on
  • #46,547
  • Oct 11, 2024 10:45am Oct 11, 2024 10:45am
Quoting PatienceFx
nice trade next week onwards i will trade gold only, its very predictable , better than eurusd {image}
Be sure to share your predictions
  • #46,548
  • Oct 11, 2024 10:45am Oct 11, 2024 10:45am
Quoting Orand
{quote} I'm really sorry to hear about your situation. Just know that you're not alone; we've all been there, and even the best traders can face account blowouts. For the sake of learning, could you share what caused your account to blow? Did you forget to use a stop loss?why ?? Were you following your usual risk management strategies? Do you intend to recover your loss quickly ?Did you have any winning days or weeks before this happened? If you had a streak, what was going through your mind that led to this setback? Reflecting on it might help...

Yesterday I did 2 bad trades and I wanted to recover the money quickly so I when I thought that we had a top a put a 2 lots sell order. Then I had to leave the PC for 10 mins ... when I got back account was blown...

NOTE: that was just the final phase of the descent, it started with a 4500 USD loss when there was a big move up - from 2550 to 2650 or something...

Then some bad insane risk taking to get the loss back.

Will trade extremely lightly for a month or so, and after that I will see what I will do.

I am writing version 2 of an expert advisor that was making money in certain conditions and now I am improving it to work all the time. Probably I will go at least 50% into automated trading once I finish that version
  • #46,549
  • Oct 11, 2024 10:46am Oct 11, 2024 10:46am
Quoting ElCampeador
My take is that should turn down without making a new high. We'll see.
I expected it to drop further, I was going to buy to hold when I went under my 2605 entry.

Ended up just scalping above that level
  • #46,550
  • Oct 11, 2024 10:50am Oct 11, 2024 10:50am
Quoting NrSLionHeart
{quote} Placed a 2 lots sell order and I had to leave the computer for like 10 mins... When I got back there was a 1100 USD loss, account blown. Such is life ... 6 months of work down the drain. Got the account from 2000 to 7000, then down to 1600, then 800, then back to 1900 now 300... Was quite a ride!!!
lol in my days, a blown account is 0$.
  • #46,551
  • Oct 11, 2024 10:50am Oct 11, 2024 10:50am
Quoting shay14
{quote} lol in my days, a blown account is 0$.

from 7000 to 300 you can safely consider it blown!!!
  • #46,552
  • Oct 11, 2024 10:51am Oct 11, 2024 10:51am
I got outta my long circa 2353 and this is frothier than i expected.

Cest la Vie
  • #46,553
  • Oct 11, 2024 10:53am Oct 11, 2024 10:53am
Quoting NrSLionHeart
{quote} Yesterday I did 2 bad trades and I wanted to recover the money quickly so I when I thought that we had a top a put a 2 lots sell order. Then I had to leave the PC for 10 mins ... when I got back account was blown... NOTE: that was just the final phase of the descent, it started with a 4500 USD loss when there was a big move up - from 2550 to 2650 or something... Then some bad insane risk taking to get the loss back. Will trade extremely lightly for a month or so, and after that I will see what I will do. I am writing version 2 of an expert...
Bit of revenge trading we have all been there!

When it’s good it’s great
When it’s bad it awful
  • #46,554
  • Oct 11, 2024 10:54am Oct 11, 2024 10:54am
Quoting shay14
{quote} lol in my days, a blown account is 0$.

you’re right, get back on the charts and go all in!

  • #46,555
  • Oct 11, 2024 10:54am Oct 11, 2024 10:54am
Quoting NrSLionHeart
{quote} from 7000 to 300 you can safely consider it blown!!!
i hear you, i've been there, and i was grateful to still have money in my account to start again...
  • #46,556
  • Oct 11, 2024 10:56am Oct 11, 2024 10:56am
Quoting NrSLionHeart
{quote} from 7000 to 300 you can safely consider it blown!!!
can I ask what leverage u use?
  • #46,557
  • Oct 11, 2024 10:57am Oct 11, 2024 10:57am
Quoting Interesting0
{quote} can I ask what leverage u use?

500:1
  • #46,558
  • Oct 11, 2024 10:58am Oct 11, 2024 10:58am
Quoting NrSLionHeart
{quote} 500:1
I use 20:1
… but I’ll hold out for 300pips + sometimes if I’m confident of a correction depending on my entry. 500:1 I can’t even go for a piss
  • #46,559
  • Oct 11, 2024 11:00am Oct 11, 2024 11:00am
Quoting NrSLionHeart
{quote} Placed a 2 lots sell order and I had to leave the computer for like 10 mins... When I got back there was a 1100 USD loss, account blown. Such is life ... 6 months of work down the drain. Got the account from 2000 to 7000, then down to 1600, then 800, then back to 1900 now 300... Was quite a ride!!!
Bruv, I have no idea what your RR ratio is how you manage money but I highly suggest you set yourself a bunch of rules and aim for consistency and compound your profits, your money your choice end of the day these are just my two cents coz according to what you said here that’s a wild ride man! Looks like an emotional roller coaster
  • #46,560
  • Oct 11, 2024 11:00am Oct 11, 2024 11:00am
Quoting Interesting0
{quote} I use 20:1

A few years ago I had an account in Cyprus - 30:1 leverage. I never lost any money, day in day out - those 30 USD I was making per day lol. I think that at that leverage it will take me a few lives to trade to get with the account where I want to.

So no, thank you!!! 500:1 it is. CASINO all the way baby!!!
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