That’s funny you ask that because mine just happened about three weeks ago. My greatest profit is 9660 dollars and my greatest loss is 13,000. And that shouldn’t of happened but I just sat there and watched it stunned. This is on my live account no paper money. I’m trading 10 contracts on the CL although I’ve dropped that back to two for now.
How is that possible to get so much per contract, like today it has not been moving much. Can you please tell more about your strategy. I have a need to become successfull soon to be able to depend on this as my job situation is uncertain.
I have my own technical patterns that I trade with along with the help of fibonacci extension for targeting. I trade 3 min chart. Here are my trades so far:
I have my own technical patterns that I trade with along with the help of fibonacci extension for targeting. I trade 3 min chart. Here are my trades so far (around 11:33 EST):
Last time I got my @s$ handed to me royally it took close to 6 months to earn it back trading. You can get the money back if you know what you're doing, even slightly consistent winner can earn it back. But you can't earn back the TIME. The wasted time it takes to get back to even or in profit for the month/year. That time you could spend with family or doing other hobbies you enjoy. It gives you that sick stomach feel that twists your guts into a knot. So far that is what prevents me from making the same loss ever again.
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I am a small trader, so my biggest winning day was $1600. On the loss side I went completely brain dead and lost $3,500. Another commentator spoke about the time it takes to make up for a big loss, and I agree with that. But in my
case, it cost me about 3 months of not trading at all. I was so angry with myself for stupid mistakes, plus the loss of confidence, that I actually stopped trading for awhile.
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