Anyone here lose a shitload of money on Forex or stock?

Need_TLC
Need_TLC

Anyone here lose a shitload of money on Forex or stock?

Post nightmare stories/Biggest losses.

Il'l go first: -11k loss over-leveraging on a interest rate decision. It zigged when I thought it would zag.. Putting me in the red.

and then it zigged again and did massive damage to the account.

All urls found in this thread:
http://www.dailymotion.com/video/x33d85n
http://forums.babypips.com/newbie-island/70214-truth-about-forex-you-cant-become-rich.html
http://www.finanzen.net/nachricht/cfd/Waehrungscrash-Schweizer-Franken-Der-grosse-Absturz-4352975
Supergrass
Supergrass

@Need_TLC
i lost $20 on this one trade I made. fuck that shit man forex isnt for me!

Harmless_Venom
Harmless_Venom

@Need_TLC
"Anyone here has a successful and durable experience in forex trading?"

viagrandad
viagrandad

@Need_TLC
I lost £1.23 today, yea, I forgot to set a sl.

Techpill
Techpill

@Need_TLC
short GBP/USD at Brexit night
set stop loss too tight
it hits the SL before dipping to to the Brexit lows

Could have made 7000€ in one night. Got a 400€ loss instead.

Fuck me.

CodeBuns
CodeBuns

@Techpill
the jews always know where your stops are

Supergrass
Supergrass

First day of trading I decided to short 2 contracts of natgas and lost 1000 in under 5 minutes because it just kept going.

Nude_Bikergirl
Nude_Bikergirl

@Supergrass
your first day of trading you put yourself in a position where it was even possible to lose $1000??

i'm worried i could lose money on forex but i think i'm finally getting the hang of it. the past two days i've made 7% profit each day, i know that won't keep up forever but even a 1 or 2% a day would be amazing

Lunatick
Lunatick

I think I lost around $2000 on FAZ

I'm a much more boring investor now (no trading with serious money, just some options in a gambling account)

MPmaster
MPmaster

@Nude_Bikergirl
@Nude_Bikergirl
Hindsight is twenty-twenty I learned from it and have made the money back since.

JunkTop
JunkTop

http://www.dailymotion.com/video/x33d85n

video related

Sir_Gallonhead
Sir_Gallonhead

@Nude_Bikergirl
@MPmaster
How much money do you have in your forex account?

You think you can average 10% on a month with Forex?

Booteefool
Booteefool

- Anyone here have a successful and durable experience in forex trading ?
- What's techniques did you use ?
- With how much money did you begin ?
- Gives me advice for a beginner like me, please.

I am really sad when i read specialized forums in forex, why?
Because all the trading journal I read ends the same way :
They end up losing all their gains and have their account to 0 dollars, after 6 months or 1 year.

I need testimonials from people who really live forex successfully since several years.
http://forums.babypips.com/newbie-island/70214-truth-about-forex-you-cant-become-rich.html

I think this method is the best to learn forex or index cfd:

Depositing tiny amount less than € 200 and try to make it grow until 1000, once in 1000 reached 900 withdraw.
With the remaining € 100, try to grow them again to € 1,000, remove 900 ... etc.
Do it 10 times successfully
Instead of dropping € 50,000, losing after six months, redeposit € 20,000 and lose again after one week.

King_Martha
King_Martha

@CodeBuns
lol

Boy_vs_Girl
Boy_vs_Girl

I should've invested real money on the stockmarket.

I've been playing with a 1000 fake money and i've made 400 profit so far, and i noticed that during the Brexit crash most of the stocks were rising rapidly again anyway, should've put some real money on that, too bad i'm a poorfag.

StonedTime
StonedTime

@Booteefool
Start on a cash only account. Margin calls are a good way to wipe out your account.
€10,000 is a good start. Use $5,000 to buy small dips and scalp small profits. Keep the remaining $5,000. No need to withdraw or deposit.

By small profits I mean $200-400 per trade until you get to $15,000.
Then take the $10,000 that you originally put in and do not touch them.
Trade using the $5,000 that you made. Once you make another $10,000 to $15,000 you can take bigger risks and go for longer swings and bigger profits.
And once you get to $50,000 its easy to make a couple of thousand a day.

whereismyname
whereismyname

@CodeBuns
This. Sempai desu

Nojokur
Nojokur

Bought some shares in a warrant. It looked pretty good, it dipped 5 points then raised back up usually.
As I layed on my bed looking at the chart I saw a bump higher than usual that day.
When I saw that bumb I had a bad feeling but just slept it off
Next day it dropped 30 points.
The next day another 20

Boy_vs_Girl
Boy_vs_Girl

@StonedTime
this is not helpful at all
didn't even mention about having an edge

AwesomeTucker
AwesomeTucker

@StonedTime
And once you get to $50,000 its easy to make a couple of thousand a day.
lol, i love posts like these

Crazy_Nice
Crazy_Nice

@StonedTime
implying that making that kind of return consistently is in any way realistic
implying you won't blow up if you adopt a strategy to try and make the insanely high returns you posted

MPmaster
MPmaster

Lost half my account (2500 of my 5k) on penny biotech stocks. Everything I invest in goes down. I rationalized it in the beginning by the just market hypothesis, if I invest in something there ought to be a 50% chance of gains no matter what even if it seems unwise. But I didn't realize if the upside is 100x your initial investment you can have a 99% chance of losing it all and the market still be rational. Penny stocks are like normal stocks with leverage built in.

Dreamworx
Dreamworx

@Crazy_Nice
Forex is dangerous.

Illusionz
Illusionz

@Dreamworx
I read an article about a guy who invested 2.8k in this with a riciculously high leverage and is now 280k in debt.
poor schmock

Evil_kitten
Evil_kitten

@Illusionz
Do you have links or even a name?

5mileys
5mileys

@Crazy_Nice
As a guy that's about half way to what this guy is saying I think it might actually be realisitc.

AMA, but not about the strategy until I hit a million dollars or something.

cum2soon
cum2soon

My mom is emotionally blackmailing me because I didn't buy at the bottom of the s&p 500 drop after the brexit. I bought in at ~2050 so she's actually made money today... And she called me a retard.

What do

StrangeWizard
StrangeWizard

Open up ema 10 and 50.
Order before cross.
Profit.

Yep, it is so easy.

Supergrass
Supergrass

@Evil_kitten
http://www.finanzen.net/nachricht/cfd/Waehrungscrash-Schweizer-Franken-Der-grosse-Absturz-4352975

Stark_Naked
Stark_Naked

@MPmaster
Then start shorting what tou think will go up

BinaryMan
BinaryMan

@Boy_vs_Girl
Thats up to you.

My strategy is to prevent you from wiping out your account if you have a bad day.

Methnerd
Methnerd

@5mileys
how much did you start with?
How much have you made?
Over how long?

PurpleCharger
PurpleCharger

when the forex general has transcended into the next level

Is this loser only thread for losing strategies? Must be bad?

Nude_Bikergirl
Nude_Bikergirl

@cum2soon
Your mom sounds based

Firespawn
Firespawn

@StrangeWizard
If it is that easy how come algos aren't making everyone tons of money?

TalkBomber
TalkBomber

I've seen a warning on a forex website that says "losses can exceed your deposit".

So if you put $1,000 in your account you can lose more than $1,000? How is that possible?

SniperWish
SniperWish

@Techpill
baka senpai you should have known it would be a wild night. Can't have tight spots on big days

WebTool
WebTool

@Sir_Gallonhead
why would the amount of money matter if we're talking about percentages?@Booteefool

RumChicken
RumChicken

@Nude_Bikergirl
She's actually made money

Fuckin retard

BinaryMan
BinaryMan

@TalkBomber
Covered calls and shit

AwesomeTucker
AwesomeTucker

@TalkBomber
By borrowing money to make trades.

New_Cliche
New_Cliche

@StonedTime
so basically your strategy is
Only using 5k to trade forex
don't use margin
making 200-$400 a trade
if you risk 100% of the 5k every time then you need to make a 4%-8% rate of return every trade on forex....without any margin whatsoever....until you triple your account
Most currencies only move 70 pips a day. There's a reason that people use margin in forex trading, it's because the average moves in forex are incredibly small expecially on a daily basis with the exception of a few black swans compared to moves in the stock market. Making 4%-8% per trade, trading currencies with no leverage whatsoever is absolutely absurd. Also you're assuming that you can actually average 4%-8% per trade. I think that you're underestimating you incredibly difficult it is to make a strategy like that let alone a far worse one that can make 15% or 20% a year with a low draw down.

Sir_Gallonhead
Sir_Gallonhead

@TalkBomber
margins

Fuzzy_Logic
Fuzzy_Logic

@cum2soon
fuck her right in the pussy!

Stupidasole
Stupidasole

tfw someone on my facebook won't shut the fuck up about Forex/Global Visionariez

Is Forex a meme? I feel like it's a meme.

BinaryMan
BinaryMan

@TalkBomber
I wouldn't worry about this. I'm from Eastern Europe, what are they going to go? Drive to my farm to take the money lol ?

GoogleCat
GoogleCat

@Stupidasole
Is forex a meme?

Forex is global currency market.

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