Trading based on my knowledge

Az, from Northamptonshire, UK. i have been trading for a while but part time and would like to go full time eventually. I have traded different Indices over the years and used different instruments like CFD and Spreadbetting to a little extent. I would like to learn more about the losing trades as i realised that i do make profits on more trades than the very few trades that tend to want to wipe me out or in some cases actually get wiped out. I would really appreciate it if i could learn a few tricks about managing these losses. I presently have a some losing trades about to wipe me out.

Hello Az and welcome to BabyPips.com! No one trade or set of trades should wipe you out. You’re trading way too big if that’s the case, and it’s probably too late to do anything other than prevent further losses or hedging your position if you still have margin left. Maybe you can tell the community more about what kind of positions you have on?