How many times had you wiped out before you made it?

Define wiping out:

Losing all your risk capital to where you have to deposit more to continue trading ..

or Losing all your risk capital to where you have to quit trading and go back to a real job
 
Never wiped out!

I learned about the importance of MM before putting my bet. When I started my risk was 10%. The first book I read was "How to make profits in commodities" by WDGann. I was following the rules blindly so never had a problem.

Good Trade!

Trend:D
 
Quote from trend456:

Never wiped out!

I learned about the importance of MM before putting my bet. When I started my risk was 10%. The first book I read was "How to make profits in commodities" by WDGann. I was following the rules blindly so never had a problem.

Good Trade!

Trend:D

well your just one boring sob arent ya? :cool:
 
Getting wiped out shows lack of discipline.

A trader who's undisciplined / unexperienced enough to lose all of his capital shouldn't be trading stocks, but paperbrokers and books.

Happy Trading!
~Scientist
 
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