94939with 10% of equity left?
Sorry to say..most likely NO
94939Nothing is hopeless. . I myself recovered from enormous losses. . It needs patience and consistency. . I recovered my USD2K after 2 months to USD 10K. . My method is PA, volatile pairs, along with M5 entry and Just ON PEAK MARKET HOURS (LONDON OPEN TO US OPEN)
PATIENCE AND KNOWLEDGE FRIEND. .
94939That $800k in the crimson is as good as gone, what's the distinction that the place are available? Other than the fact that if you shut them you will not have the ability to open as a trade that is large as possible.
[highlight=rgba(255, 255, 255, 0)]now some guy supposedly are trading using $900k and are now asking on the forum for advice? [/highlight]
what it is you are attempting to achieve here's turning 10% which is your actual equity and getting a 1000% gain, to get back to where you were, who in this forum will say that they have the capability to do so? Not trying to offend anyone but who to state these transactions, egies or strategies even have a 50% success rate? Otherwise, following these advice will only gets you into shit
94939Assuming you are serious -- the answer ought to be obvious. But you need to forget about your losses so long enough to ask yourself some hard questions.
If you've lost 90% of your capital, then to return to the starting amount requires a 1,000% growth of your remaining capital.
Therefore the question is: given any starting amount, is it possible to get a trader create a 1,000% yield, over time? And the answer is yes, but only if he knows how to trade profitably.
Do you currently understand how to trade profitably? As you've just lost 90% of your account, I guess the answer is no. So if you continue trading today, everything points the remaining. Repeating a failed egy and expecting a different result is.... At best, foolish.
Thus the answer is to close your account, go away and learn how to trade profitably, and only then begin with a small amount and attempt to grow it. You recoup your loss if you've got the knowledge and personal qualities needed to succeed, then given enough time. Fantastic luck.
94939You're holding eur/usd longs from third week of July 2014 with this euro circus going on the economic front? So fascinated by RSI, MACD and other indiors? This pair never revealed a decent retrace and you could not benefit from the counter trades (Hedges) as far as you should have. The only issue I see on your method is that it involves estimating dimensions of a movement and retrace point.... This market does not offer luxury to some serious trader in fairly estimating these things.
This is the chart:
Prove me your open trades if you wish to survive. I don't need logic of those trades got how you trade.
94939Hi BenderTrader,
I'm sorry to hear about your predicament but its time face the truth. Been in that position a few time in the first days.
To answer ur question it's possible but not probable. U can recover it just if u get blessed. I say this because to recover it have to use leverage and think that's why y r in this scenario in the first place.
A prudent step would be to take a step back, regroup, see where u went wrong and then get back in the match with ur initial starting capital.
This way u can ensure that u do not lose that 10 percent and have a much better prospect of recovering ur losses. Slowly but surely if u have a trading plan.
I want u all the best!
94939I checked his profile, that seems to be real. He also took his eyes and proceeded into exploring indiors while everything on the fundamental side was issuing warnings against longs. He went after collecting his 150 pips from 1.3600 forgetting that 1.3750 who is a really powerful level was broken and market bears would try to protect this amount at every cost. All major banks directed individuals to go short for a motive. Executing every strategy B has a cost, although he had a strategy in place. He refused to pay this cost remained optimistic that market will return. 1 reason he couldn't benefit much from his instrument. It seems that he is not completely aware of ability of hedging and its different applications. Let the detail is provided by him when he wants to survive.
ps. He can survive because he is not under-capitalized. He has 80K left, great enough to keep up a decent level that is functioning. That might have been a different story if he had $2,000 in his account. If he fails to act any reduction in this sum will kill his working capacity and the accoount.
94948Yes there are a number of different hedging methods but I am not sure if BenderTrader is able to cope with it plogically.
HOPE this four letter word is the curse for all the trades. This term I think has caused the amount of margin calls for traders.
Even though u show him the way I am not sure if plogically he can follow through. But if u can help him by all means plz do.
Only my 2 pips