Anyone here lose a shitload of money on Forex or stock?
Post nightmare stories/Biggest losses.
Il'l go first: -11k loss over-leveraging on a interest rate decision. It zigged when I thought it would zag.. Putting me in the red.
and then it zigged again and did massive damage to the account.
>>1346659
i lost $20 on this one trade I made. fuck that shit man forex isnt for me!
>>1346659
"Anyone here has a successful and durable experience in forex trading?"
>>1346659
I lost £1.23 today, yea, I forgot to set a sl.
>>1346659
>short GBP/USD at Brexit night
>set stop loss too tight
>it hits the SL before dipping to to the Brexit lows
Could have made 7000€ in one night. Got a 400€ loss instead.
Fuck me.
>>1347803
the jews always know where your stops are
First day of trading I decided to short 2 contracts of natgas and lost 1000 in under 5 minutes because it just kept going.
>>1347851
your first day of trading you put yourself in a position where it was even possible to lose $1000??
i'm worried i could lose money on forex but i think i'm finally getting the hang of it. the past two days i've made 7% profit each day, i know that won't keep up forever but even a 1 or 2% a day would be amazing
I think I lost around $2000 on FAZ
I'm a much more boring investor now (no trading with serious money, just some options in a gambling account)
http://www.dailymotion.com/video/x33d85n
video related
- Anyone here have a successful and durable experience in forex trading ?
- What's techniques did you use ?
- With how much money did you begin ?
- Gives me advice for a beginner like me, please.
I am really sad when i read specialized forums in forex, why?
Because all the trading journal I read ends the same way :
They end up losing all their gains and have their account to 0 dollars, after 6 months or 1 year.
I need testimonials from people who really live forex successfully since several years.
http://forums.babypips.com/newbie-island/70214-truth-about-forex-you-cant-become-rich.html
I think this method is the best to learn forex or index cfd:
Depositing tiny amount less than € 200 and try to make it grow until 1000, once in 1000 reached 900 withdraw.
With the remaining € 100, try to grow them again to € 1,000, remove 900 ... etc.
Do it 10 times successfully
Instead of dropping € 50,000, losing after six months, redeposit € 20,000 and lose again after one week.
>>1347839
lol
I should've invested real money on the stockmarket.
I've been playing with a 1000 fake money and i've made 400 profit so far, and i noticed that during the Brexit crash most of the stocks were rising rapidly again anyway, should've put some real money on that, too bad i'm a poorfag.
>>1348781
Start on a cash only account. Margin calls are a good way to wipe out your account.
€10,000 is a good start. Use $5,000 to buy small dips and scalp small profits. Keep the remaining $5,000. No need to withdraw or deposit.
By small profits I mean $200-400 per trade until you get to $15,000.
Then take the $10,000 that you originally put in and do not touch them.
Trade using the $5,000 that you made. Once you make another $10,000 to $15,000 you can take bigger risks and go for longer swings and bigger profits.
And once you get to $50,000 its easy to make a couple of thousand a day.
>>1347839
This. Sempai desu
Bought some shares in a warrant. It looked pretty good, it dipped 5 points then raised back up usually.
As I layed on my bed looking at the chart I saw a bump higher than usual that day.
When I saw that bumb I had a bad feeling but just slept it off
Next day it dropped 30 points.
The next day another 20
>>1349023
this is not helpful at all
>didn't even mention about having an edge
>>1349023
>And once you get to $50,000 its easy to make a couple of thousand a day.
lol, i love posts like these
>>1349023
>implying that making that kind of return consistently is in any way realistic
>implying you won't blow up if you adopt a strategy to try and make the insanely high returns you posted
Lost half my account (2500 of my 5k) on penny biotech stocks. Everything I invest in goes down. I rationalized it in the beginning by the just market hypothesis, if I invest in something there ought to be a 50% chance of gains no matter what even if it seems unwise. But I didn't realize if the upside is 100x your initial investment you can have a 99% chance of losing it all and the market still be rational. Penny stocks are like normal stocks with leverage built in.
>>1351356
Forex is dangerous.
>>1351716
I read an article about a guy who invested 2.8k in this with a riciculously high leverage and is now 280k in debt.
poor schmock
>>1351805
Do you have links or even a name?
>>1351919
>>1351356
As a guy that's about half way to what this guy is saying I think it might actually be realisitc.
AMA, but not about the strategy until I hit a million dollars or something.
My mom is emotionally blackmailing me because I didn't buy at the bottom of the s&p 500 drop after the brexit. I bought in at ~2050 so she's actually made money today... And she called me a retard.
What do
Open up ema 10 and 50.
Order before cross.
Profit.
Yep, it is so easy.
>>1351919
http://www.finanzen.net/nachricht/cfd/Waehrungscrash-Schweizer-Franken-Der-grosse-Absturz-4352975
>>1351362
Then start shorting what tou think will go up
>>1349337
Thats up to you.
My strategy is to prevent you from wiping out your account if you have a bad day.
>>1351925
how much did you start with?
How much have you made?
Over how long?
>when the forex general has transcended into the next level
Is this loser only thread for losing strategies? Must be bad?
>>1351926
Your mom sounds based
>>1351982
If it is that easy how come algos aren't making everyone tons of money?
I've seen a warning on a forex website that says "losses can exceed your deposit".
So if you put $1,000 in your account you can lose more than $1,000? How is that possible?
>>1347803
baka senpai you should have known it would be a wild night. Can't have tight spots on big days
>>1354573
>She's actually made money
Fuckin retard
>>1355639
Covered calls and shit
>>1355639
By borrowing money to make trades.
>>1349023
so basically your strategy is
>Only using 5k to trade forex
>don't use margin
>making 200-$400 a trade
>if you risk 100% of the 5k every time then you need to make a 4%-8% rate of return every trade on forex....without any margin whatsoever....until you triple your account
Most currencies only move 70 pips a day. There's a reason that people use margin in forex trading, it's because the average moves in forex are incredibly small expecially on a daily basis with the exception of a few black swans compared to moves in the stock market. Making 4%-8% per trade, trading currencies with no leverage whatsoever is absolutely absurd. Also you're assuming that you can actually average 4%-8% per trade. I think that you're underestimating you incredibly difficult it is to make a strategy like that let alone a far worse one that can make 15% or 20% a year with a low draw down.
>>1355639
margins
>>1351926
fuck her right in the pussy!
>tfw someone on my facebook won't shut the fuck up about Forex/Global Visionariez
Is Forex a meme? I feel like it's a meme.
>>1355639
I wouldn't worry about this. I'm from Eastern Europe, what are they going to go? Drive to my farm to take the money lol ?
>>1356402
>Is forex a meme?
Forex is global currency market.
