yep i had $3800 on the weekend, i had built that up from $200 over about 6 weeks, i sent off a $2000 withdrawal first thing monday morning cause i didnt want to get excited or ahead of myself. That request has since been sent back saying i dont have those funds. Now from bad bad bad trading i am left with just $50. Argh sigh will i ever get there argh sigh. I been trading 2.5 years. Now i need to tell my wife, she is expecting the withdrawal to arrive
Damn, that sounds painful!
Out of interest, what money management were you using? Seems like a huge amount to lose in such a short time if only risking 1-2% per trade?
Hope your wife takes it well. Good luck!
This sounds bad, did they say why you can’t make a withdrawal. What’s the name of the broker?
I got attracted to your post because i am trying to attempt the same feat. I will appreciate your help.
I think you should be strong and not give up, you can make it through. Take care.
Charles
I think he is saying that he went from $3800 to $50, not the other way around. I’m sure you aren’t trying to do that!
From my understanding, he tried to withdraw, but before the funds were taken form his account he continued trading, and managed to lose everything. That’s why they said the funds wern’t available.
Painful, but is still a hell of alot to lose. 98% of the account in just a couple of days…
your correct. I got beaten by the psychology of it all, as per usual. Even over the weekend i had a feeling that this would happen, i was even saying to myself, in my mind, i should not trade this week-take a break, this feeling was also the reason i made the withdrawal request first thing monday morning. And then things literally compounded from bad to worse as i valiantly battled to destroy my account almost like it was meant to happen Split personality, total bad trading.
It was purely psychological, it is almost kind of getting what you expect - it is deep but it is the reality of were i am at and my consistent stubbling block.
Also, if you look back at the only other thread started by me on the 21 november last year - it was exactly same issues.
i don’t understand - why didn’t they allow you to withdraw 2k if you had almost 4k???
also, 200 to 4k is amazing in just 6 weeks.
can you do it again?
cause i lost it all before they processed my withdrawl
Amazing indeed, this is the reason why he has only $50 today.
3800 to 50 is even more amazing which was expected from the 200 to 4k in 6 weeks. Seems he was at a casino and catch a few jackpots in the first 6 weeks then got unlucky over the weekend.
Its obvious his risks was too huge for the account to survive over time.
Awww dude. Sorry for your misfortune. Don’t mean to rub salt on your wound but seems like you didn’t have any money management. How much did you risk on each trade? Definitely not 1-2%. At least now you know that it’s not impossible to make money in Forex. You grew your account by that much, you could do it again! But this time, take it slowly and trade safely. Slowly but surely is how they do it. Trade extremely small and increase your lots as your account grows larger. But always DO NOT risk more than 2% on each trade. Good luck! Hope to see you around and hopefully your wife is understanding.
Sounds like the broker sent you a cooler from all that major gambling. Hope you don’t get yelled at too much.
Sorry about all that. I feel ya. I agree with the psychology part. Sounds like you have it locked down a good portion of the time though. I think trading is easy, but the emotions get in the way and make it very hard. I still sometimes make trades out of spite and they always lose. I’m getting better at exercising more control not making them, but sometimes I’m just to tired to handle my emotions.