My Biggest Loss…

Last updated February 22nd, 2016

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Nobody likes losing money, especially when it’s a large chunk.

The reality is though; it happens to all of us at one point of another. It’s part of the learning process… how painful it is depends on the person. I’m no exception, even if it was years ago.

Since opening up the first Q & A (entire playlist hereI was surprised to see so many asking about going in-play, while pre-race trading.

 

Of course, it’s an absolute no-no. But I went through a phase of doing it too! Here’s the story behind it…

Here’s the post mentioned in the YouTube clip above – crash and burn post.

It’s a pretty horrible point to reach where you have to make that decision to carry on or knock it on the head… in all honesty, if I’d done it again soon after I may well have carried on anyway. I don’t like giving up! However, it was definitely an important point from then-on as it wasn’t all that long until I started to really succeed properly.

Potential Available…

It’s a matter perspective – as the saying goes: for every winner there’s a loser. But when it comes to trading it’s more like; for every 9 losers there’s a winner.

It doesn’t look great at first glance… but it shows why the winners rake in the figures they do. It’s a pretty common question amongst newbies so here’s a quick clip if you haven’t already seen it, following last weeks Q & A.

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2 thoughts on “My Biggest Loss…

  1. Trading is so difficult. I have made profit every month since last March and in January I increased my bank by 50%……..thought I was getting somewhere then February I made a 10% loss. I found the markets very unpredictable with huge drops in prices which went straight through my stop loss and out the other side without even matching it because the move was so quick. Really, really disappointed………..

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