Recovering that much money in such short time definintely gonna be hard and if any the risk would be the same as gambling. Why don't you just try to stake your money and wait for the profit to recover your loss although slowly, isn't it better than losing your money altogether considering as you already said higher risk and leverage?
It seems you're too hasty in your movement and that could spell your doom. Think twice first before doing anything.
Topic: Constantly burning out my trades. What do I do to avoid this? - page 2. (Read 246 times)
Sounds like you need to do a tad more homework and take a break from the trading for like a week.
No no, that's pretty fair.
My trading system mainly consists of looking for breakouts on charts. Lots of lines, and reading the MACD/RSIs. I'll admit, i'm not very good at it, and a lot of it consists of hope; but sometimes, I am right...
Correct trades will normally net me a decent profit, but the bad trades I never understand how to close, and I am always scared to take losses early, and often let my positions bleed.
My trading system mainly consists of looking for breakouts on charts. Lots of lines, and reading the MACD/RSIs. I'll admit, i'm not very good at it, and a lot of it consists of hope; but sometimes, I am right...
Correct trades will normally net me a decent profit, but the bad trades I never understand how to close, and I am always scared to take losses early, and often let my positions bleed.
I agree with the smaller lot sizes and small leverage but if you are trading the ATH you gotta be in and out like a ninja.
Since you are just starting to trade, try to use small trade position size first, also a small leverage.
No need to stop trading, treat those losses as learnings. You need to study more, just like the Risk Management.
There are lot of lesson about risk management, blogs or YouTube videos.
Since you already have some knowledge in technicals, I think you need more on the psychological sides or emotions as trader. Risk management is a must!
Check out my latest live scalp trade 73 % in 4minutes
https://youtu.be/8509W4dJDbY
No no, that's pretty fair.
My trading system mainly consists of looking for breakouts on charts. Lots of lines, and reading the MACD/RSIs. I'll admit, i'm not very good at it, and a lot of it consists of hope; but sometimes, I am right...
Correct trades will normally net me a decent profit, but the bad trades I never understand how to close, and I am always scared to take losses early, and often let my positions bleed.
Since you are just starting to trade, try to use small trade position size first, also a small leverage. My trading system mainly consists of looking for breakouts on charts. Lots of lines, and reading the MACD/RSIs. I'll admit, i'm not very good at it, and a lot of it consists of hope; but sometimes, I am right...
Correct trades will normally net me a decent profit, but the bad trades I never understand how to close, and I am always scared to take losses early, and often let my positions bleed.
No need to stop trading, treat those losses as learnings. You need to study more, just like the Risk Management.
There are lot of lesson about risk management, blogs or YouTube videos.
Since you already have some knowledge in technicals, I think you need more on the psychological sides or emotions as trader. Risk management is a must!
I believe I have caught myself in a loss-chasing cycle. It's gotten to a point where I am now using my overdrafts and my final cryptocurrency investments to try and recoup any losses I have previously made.
The lower my funds get, the riskier my trades get, and the higher the leverage used. In total, I have lost just under £10,000. This is becoming more and more depressing as time goes on.
How do I safely recover my losses, preferably over a short period of time?
The lower my funds get, the riskier my trades get, and the higher the leverage used. In total, I have lost just under £10,000. This is becoming more and more depressing as time goes on.
How do I safely recover my losses, preferably over a short period of time?
Stop what you're doing right now. Seriously. This kind of mindset will only result in you continually blowing up accounts and flushing all your money down the drain. It's the same way gambling addicts double down until they lose their shirt.
The first thing you need to acknowledge is that trading is a grind. It is very difficult and most people are not cut out for it. It takes very hard work and extreme amounts of patience. That's essentially what markets are: impatient and emotional traders giving their money away to patient and well-capitalized traders. And this is why retail traders are always getting fleeced by institutions.
Nobody is going to come into this thread and hand you a profitable trading system on a silver platter. That's just unrealistic. The vast majority of traders lose money and exit the market. With that in mind, what exactly is your trading system? Have you done any sort of back testing, anything that would suggest you are capable of beating the market? How do you manage risk and preserve trading capital?
I don't mean to be a dick but it sounds like you have a long road of learning, hard work, and most of all steadfast risk management ahead of you before you have a chance at recouping those losses.
The most important thing right now is to stop the bleeding. Stop trading. Start learning.
No no, that's pretty fair.
My trading system mainly consists of looking for breakouts on charts. Lots of lines, and reading the MACD/RSIs. I'll admit, i'm not very good at it, and a lot of it consists of hope; but sometimes, I am right...
Correct trades will normally net me a decent profit, but the bad trades I never understand how to close, and I am always scared to take losses early, and often let my positions bleed.
I believe I have caught myself in a loss-chasing cycle. It's gotten to a point where I am now using my overdrafts and my final cryptocurrency investments to try and recoup any losses I have previously made.
The lower my funds get, the riskier my trades get, and the higher the leverage used. In total, I have lost just under £10,000. This is becoming more and more depressing as time goes on.
How do I safely recover my losses, preferably over a short period of time?
The lower my funds get, the riskier my trades get, and the higher the leverage used. In total, I have lost just under £10,000. This is becoming more and more depressing as time goes on.
How do I safely recover my losses, preferably over a short period of time?
Stop what you're doing right now. Seriously. This kind of mindset will only result in you continually blowing up accounts and flushing all your money down the drain. It's the same way gambling addicts double down until they lose their shirt.
The first thing you need to acknowledge is that trading is a grind. It is very difficult and most people are not cut out for it. It takes very hard work and extreme amounts of patience. That's essentially what markets are: impatient and emotional traders giving their money away to patient and well-capitalized traders. And this is why retail traders are always getting fleeced by institutions.
Nobody is going to come into this thread and hand you a profitable trading system on a silver platter. That's just unrealistic. The vast majority of traders lose money and exit the market. With that in mind, what exactly is your trading system? Have you done any sort of back testing, anything that would suggest you are capable of beating the market? How do you manage risk and preserve trading capital?
I don't mean to be a dick but it sounds like you have a long road of learning, hard work, and most of all steadfast risk management ahead of you before you have a chance at recouping those losses.
The most important thing right now is to stop the bleeding. Stop trading. Start learning.
Hey,
I believe I have caught myself in a loss-chasing cycle. It's gotten to a point where I am now using my overdrafts and my final cryptocurrency investments to try and recoup any losses I have previously made.
The lower my funds get, the riskier my trades get, and the higher the leverage used. In total, I have lost just under £10,000. This is becoming more and more depressing as time goes on.
How do I safely recover my losses, preferably over a short period of time?
I believe I have caught myself in a loss-chasing cycle. It's gotten to a point where I am now using my overdrafts and my final cryptocurrency investments to try and recoup any losses I have previously made.
The lower my funds get, the riskier my trades get, and the higher the leverage used. In total, I have lost just under £10,000. This is becoming more and more depressing as time goes on.
How do I safely recover my losses, preferably over a short period of time?
Just be calm and if needed then better to stop and mind of or check on where you do commit some mistakes. Observe your trades and realize on what you had done
because if you do tend to make up trades with that kind of motive where you do need to chase up your losses then this will really just in result with some gambling-type like of trading
or basically you arent on the right mind on making serious analysis or would able to follow it. So my suggestion? this is a trial and error thing and dont make use of large amounts
into your trading positions. Try to find out on where you do made bad calls and learn from it.Dont rush up and dont get panic yet you can make use of smaller amounts-
it isnt needed or necessarily to be big and if you do really like to trade then try to find out.
Thanks. I'll have a look and make some notes. My only issue is that funds are low, so it's very difficult not to go 100% in on high leverage. It is possible that I feel a sense of urgency to get these funds back.
Hey,
I believe I have caught myself in a loss-chasing cycle. It's gotten to a point where I am now using my overdrafts and my final cryptocurrency investments to try and recoup any losses I have previously made.
The lower my funds get, the riskier my trades get, and the higher the leverage used. In total, I have lost just under £10,000. This is becoming more and more depressing as time goes on.
How do I safely recover my losses, preferably over a short period of time?
I believe I have caught myself in a loss-chasing cycle. It's gotten to a point where I am now using my overdrafts and my final cryptocurrency investments to try and recoup any losses I have previously made.
The lower my funds get, the riskier my trades get, and the higher the leverage used. In total, I have lost just under £10,000. This is becoming more and more depressing as time goes on.
How do I safely recover my losses, preferably over a short period of time?
Just be calm and if needed then better to stop and mind of or check on where you do commit some mistakes. Observe your trades and realize on what you had done
because if you do tend to make up trades with that kind of motive where you do need to chase up your losses then this will really just in result with some gambling-type like of trading
or basically you arent on the right mind on making serious analysis or would able to follow it. So my suggestion? this is a trial and error thing and dont make use of large amounts
into your trading positions. Try to find out on where you do made bad calls and learn from it.Dont rush up and dont get panic yet you can make use of smaller amounts-
it isnt needed or necessarily to be big and if you do really like to trade then try to find out.
Hey,
I believe I have caught myself in a loss-chasing cycle. It's gotten to a point where I am now using my overdrafts and my final cryptocurrency investments to try and recoup any losses I have previously made.
The lower my funds get, the riskier my trades get, and the higher the leverage used. In total, I have lost just under £10,000. This is becoming more and more depressing as time goes on.
How do I safely recover my losses, preferably over a short period of time?
I believe I have caught myself in a loss-chasing cycle. It's gotten to a point where I am now using my overdrafts and my final cryptocurrency investments to try and recoup any losses I have previously made.
The lower my funds get, the riskier my trades get, and the higher the leverage used. In total, I have lost just under £10,000. This is becoming more and more depressing as time goes on.
How do I safely recover my losses, preferably over a short period of time?
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