I started trading when I was 17 years old. A friend of my father told him he is investing his money in the stock market, and he convinced my father to invest in stocks, but he refused that (I think he didn’t want to take the risk). i looked at the gold market price and thought my self "ohhh that’s so easy i just want to gess that where the price move up or down " at that time i was working in startbucks i remember i couldn’t wait to get my frist salary to put in to trading i finnaly opened account and entered my 1st trade gold markert but i stared to lose every trade
then i decided to learn trading and i tried everything even i bought trading courses, signals, indicators, EA but none of those worked then i thought there is something happending when i enter a trade(i gess you also have that problem when you open a trade market go agiant you) so i fund some info about markert manupulate online after knowing that brokers commesion such as swap, spread and markert manupulation i hate trading it was too late at that time i already lost arround 10k" then i stop trading for like 6 month and one day i’m looking at youtube i saw a video about high frequency trading strategy (i’m not sure the video still on youtube so here is the idea)the video idea was like this “place pending orders when the market is moving fast usually when big candle go fast up or down it normally come back again. in the volatile market there is 90% chance candle pull back so what it do is when candle going up it trailing sell pending order like 1- 2 pip gap from currant price So when the candle pulls back fast (let’s say the candle pulls back 10 pips), the sell pending order activates and trails TP, so with that we can make small profits”. After watching that video,
I thought this can be work, and then I started to find out more about high-frequency trading, and then I started to do high-frequency trading, thinking, “This is the last time I trade if I lose at this time,” and I finally was able to make small about of profits daily end fo the month i get at least 500. So what I want to say is that in trading, only brokers and long-term traders are profitable until you don’t trade, such as in frequency trading.
You lost 10k at the age of 17 while working in Starbucks?
Or (more likely) are you just promoting this “lock30x” strategy in a disguised manner? Yeah, I know, I’m naturally suspicious of anything that hints of pigs flying…
Someone joins a forum at Christmas (least moderated period?) and immediately makes a long post mentioning a specific video and strategy? The chances of that being a prelude to some kind of promotion are only 99.9%.
Thanks for your interest in trying to keep the forum spam-free, or at least low-spam, Sovo, and I hope your Christmas is going well!
Yes, thank you, although the snow is a bit thin on the ground. Hope your’s is going well too.
This Lock30 thingy is, of course, still on Youtube and, of course, costs money…
No surprises there!!!
ok sorry about that i didn’t thought to promot that strategy i just wanted to let beginers know what’s really happen in the trading world.(unless you don’t trade with 1:1 leverage or use illegal strategy like that you only lose your money that’s the truth) if you think that way i removed the name of the strategy.
ok sorry about that i didn’t thought to promot that strategy i just wanted to let beginers know what’s really happen in the trading world.(unless you don’t trade with 1:1 leverage or use illegal strategy like that you only lose your money that’s the truth) if you think that way i removed the name of the strategy.
When people come here saying they have lost, e.g. 10k from trading, the usual reason is that they gave the funds to a scam outfit and never got their money back, they have not lost it from normal trading. I am sure most Newbies do not have anything like 10k capital to put into their trading in the first place.
And whatever amount of capital one puts into trading, the size of losses is far more to do with personal mismanagement of risk exposure than the actual strategy being used.
There is a lot of wisdom in the expression that a good risk manager can make money even with the worst strategy, whereas a bad risk manager will always lose even with the best strategy.
This is why new traders should always start with a demo account and make, and learn from, all the usual mistakes and only then venture into live trading with strict exposure control.
Easy to say, but not so easy to do, especially when you add all the psychological issues that pervade live trading… in most cases, it is the trader themself and not the strategy that creates the losses.
