Haha yes, that was trading gold with 0.01 lots and a very small account just to test the waters (US$200). It was only about 5-10 long XAUUSD trades without stoplosses since I was thinking that the volatility would eventually bring gold back up given its uptrend on the higher time frame. But then I manually cut them all before my account got wiped out, bringing me to about 70-75% loss out of those few trades (USD 50-60 balance). Was able to come back from it bringing my drawdown to just about 25% (USD 140-150 balance).
BUT just an update, with that same grid/martingale or gambling mindset, Iām actually down by 99.5% now (just $1 left) Hahaha unfortunately, I burned my account about two weeks ago (April 3) from gold going down from about its highs of 3160. Opened too many losing long trades, used hope and time as a strategy, and I really just gave up at the end, waited for the margin call and the stopouts. That $1 will always be a reminder of my incompetence and the need for a better strategy and psychology
Really a rollercoaster ride. Lessons learned. Iāll learn continuously and seriously when I have more time, and retry demo first even though a real live account still hits different. Anyway, Iāll hopefully come back stronger and better
Tragic lesson, but one you needed so you donāt go and blow even more money. Yea man, read up on risk management here.
I think you just went too heavy with too many positions open. And of course no stop loss, if you have that many trades open, on the same asset, is pretty narly. But martingale will do that to you.
High risk high reward, I guess. You definitely need to work out the risk piece. ON DEMO! ha! Safer until you get your strategy down and get more experience on the charts.
Yea man, use that first day performance as your motivation. You know itās possible to make over 1% a day. Do that enough, and keep your losers small, and youāre profitable!
Nice to read your post. Even the event has passed, I like to participate with your thread. I miss @Jess also, but rarely to have her
I was profit about 36% on Q1. I traded a bit slow, considering the political heat. I did scalping mostly, I also traded significant volume, when market was clear.
I focused on GBPUSD, EURUSD, XAUUSD, USDJPY.
During Q1, I did a lot of waiting. I couldnāt trade like usual. Unfortunately, the world leader wasnāt consistent enough (up to now). The policy was uncertain, more emotional than rational. I feel sad Ms. @Penelopip
The wait is finally over, and Iām sure youāre all excited to meet our lucky giveaway winners!
Q1 has officially wrapped, and what a ride itās been!
Huge thanks to everyone who voted, shared their journey, and participated in this yearās first giveaway! Between wild market swings and surprise setups, you all took the challenge head-on. Whether you were banking gains or soaking up lessons, your stories reminded us that what truly matters is the drive to keep moving forward!
Now, itās time to shine the spotlight on our four randomly selected winners who have each scored a $30 Amazon gift card!
Once again, congratulations to all of our winners! I will be reaching out to you shortly to ask for your email addresses or BTC wallet addresses (depending on your chosen prize format).
Didnāt win this time? No worries! More fun and surprises are right around the corner!
Letās make Q2 even better!
*Please be reminded that failure to respond within 7 days will result in automatic disqualification. I hope you stay tuned for more surprises, and if thereās anything you want us to try for our next giveaway, please feel free to send me a message!
Hahaha unfortunately, I burned my account about two weeks ago (April 3) from gold going down from about its highs of 3160. Opened too many losing long trades, used hope and time as a strategy, and I really just gave up at the end, waited for the margin call and the stopouts. That $1 will always be a reminder of my incompetence and the need for a better strategy and psychology 
Even the event has passed, I like to participate with your thread. I miss 
