Hi Guys,
I was replying on a post of a someone else with my story. after reading it again. it brings tears to my eyes again.
Here is my story and if you like it please cheer me up 
and wish me luck. and if you have remarks on my strategy please let me know.
I started like one month ago with trading. Ofcourse i did some research but frankly it was all about making money.
I am a guy in the IT business and am very competitive. Always want to win and always want to do things perfectly:). Love to gamble and play with money but hate to lose 
who doesnt. Perhaps its my asian blood lol. always need to learn the hard way and so you will find out why.
- I am using a broker called plus500. Have good reviews and the withdrawal seems to be fine too.
- I started with 100,- euro’s to get all kinds of benefits from them to start.
- Have read some stories online and also on this forum just to get to know.
- used the demo account for like 4 hours and saw that could have made 4000 euro within 4 hours! ( with a capital of 10000). Thought like well if its so easy. ( hell did i know that the pair i was using (GBP/NZD) that moment had a major incident which gave me so much profit.
5.I started depositing 100 euro. and quickly wanted to trade. betted like 50euro margin ( 10.000pound) leverage 1:200
6. the first few days were awesome. once i get in the red and my margin couldnt be kept i posted anoter 100. i was looking like everyminute.
7. before i knew it i was already at a deposit of 3K euro and made a profit of 4K. so total of 7K.
8 Normally you would cash out the money untill it reaches your bank account and take a deep breath and start over.
9. I got greedy. and started making bets like 800 euro margin. 180.000 pounds. pip of 100$.
10. Well what i can tell you that the feeling of getting in the green is thrilling but is nothing compare once it goes to the red.
11. Super Thursday. i was getting a short trade at around 2.3700. but it was getting higher and higer and my loss was around -7000 euro. My heart was beating like hell. it was around 12:30 noon. I was praying to god and everybody that was living to help me out. i tried everything betting small and gain every 20 dollars or what every I didnt care.
Then i was praying and did a stop limit at like 0.10euro cents profit. praying to god that i dont want a profit just dont want to lose 7k. were the longest minutes of my life.
Then something happend 13:00 the rates started dropping quickly 2.4000 to 2.3900.2.3700. Shoot i had a stop limit?! ****. so it dropped more 2.3600 didnt know what the hell was going on but i was like the hell with it.
was currently standing on 10K value 4000 profit 6000 own money.
then it was like for 30 minutes around 2.3600 so i thought its going up again ofcourse whats goes down must go up!.
betting 2400$ in a long trade. within an hour i saw the rate dropping to 2.3400
eventually leaving me with 8100 euro left. and still dropping… I couldnt stand it any more and my heart was beating like crazy. i stopped the trade and had to tell my girl that the 4000 i gained were now a loss of 1900 euro. lucky for me it was weekend so the trading stopped.
Now it was time to sit back relax and think about it. First of all i thought i was so stupid and dumb. why was I so greedy. thinking If i hadnt did the stop limit i could have been very rich. could have gone on a holiday etc etc.
13. then i started to think get it over with p*ssy time for a strategy.
- So my strategy now is this.and it has been helping me alot the gains are not that high but the losses neither its all about timing. and sticking to a pair and try to read alot of news from it. things that are happening etc ( FXstreet APP helps)
[U][I] - I am still betting the minimal. 100 dollar.
- no 15-min 30min for me anymore takes to much energy better go for 4hour runs or hourly.
- Look for news and look in the past. If the charts are currently keep going in between 2 numbers try to buy and sell at the highest and lowest point. do it only once.
- earn 50 euro a day is enough. more is better but just close it unless you are really sure.
- close the app and open it onlly the next day to see the trend and news. and then decide what you will do.
- always set a stop limit for a max. ( something out of the trend of that day) if its not reaching your limit just let it be. cause the charts always fluctuates up and down. if you are checking it like every minute you will get emotional attached and sometimes you are closing something which doesnt need to close after all.
- play with money you can lose. accept loss and go on.
- Cash out regularly. so you wont lose all your profit…
- dont go overnight unless you are willing to pay the premium depepnds which market you are on but i am living in europe and NZD is new zealand and starts at 01:00 am.
- Profit should take it slow. 50 dollar a day that makes 250 a week. lets say you lose some its still 150 a week which makes 600 a month. better than nothing.
- you DONT HAVE TO PLAY. if you see its fluctuating too much just hold your ground and wait for an oppurtunity. The best traders know when to bet. not how much
- If you have placed a short or long. dont do another one just because now the rate is better!! jsut stick with the one you had and hope for the best. ( 2 means double the money so also double the risks.
- last but not least. dont let it control your life go out live a little score some chicks do what every. thats why i am also doing thw 4h pattern because i wont have to look on my phone/app/laptop or what ever that much.[/U][/I]
greets
gkoow