Let's say somebody I knew was long 5 days ago, how do I recover?
How do you recover from a 80% loss?
- Thread starter failed_trad3r
- Start date
Sue somebody! Surely it must be someone else's fault?
Quote from failed_trad3r:
Let's say somebody I knew was long 5 days ago, how do I recover?
Quote from Lucrum:
SERIOUSLY THOUGH. JUST TRADE SMALL SIZE LIKE 100 SHARES FOR EQUITIES AND 1 LOT FOR FUTURES. DO THIS UNTIL YOU GET BACK ON YOUR FEET. IT WILL ALSO HELP TO BUILD CONFIDENCE.
BE ENCOURAGED.
Quote from failed_trad3r:
Let's say somebody I knew was long 5 days ago, how do I recover?
I don't know whose who online, who really has the money, who really are successful, or whose pretentious.
If you lost 80% off of a $5,000.00, that isn't too bad.
What you should be concerned about are your own RULES, such as stop losses, emotion control, and risk management.
80% off of $100,000. Now that is another story.
Regardless, you TRADE with what you can afford to lose. Invest with what you can afford to lose as well. RISK = RISK.
If I could ever be a fatherly figure, I would never allow my kid to dip his hand in these capital markets. Statistics are a reflection of risk models, and it says that 99.9% of the retail traders lose money.
Quote from failed_trad3r:
Let's say somebody I knew was long 5 days ago, how do I recover?
First, they should have had a signal to get out well before now.
If they did not, they need to review their strat.
Otherwise, switch to FX, use anti martingale strats, and rebuild. Be patient. You can put 500% on an account with one good run. Till then, trade with half strength till sentiment favors you and u are clearly out of consolidation.
"Statistics are a reflection of risk models, and it says that 99.9% of the retail traders lose money."
Just curious. This statement seems oversold to me. Is there a study to show it?
Just curious. This statement seems oversold to me. Is there a study to show it?
