What was your biggest loss in forex?

[LioMizo]

What was your biggest loss in forex?

[lmavis73]

30,000 is a lot! I lost my first real account of just 1,000. I opened it too soon after 3-4 winning demo transactions. Even my first real week was good, but then I blew up the account. Luckily now I managed to recover my losses.

[Nohemyalcanlama]

$1,500. Is the trend your friend?

[hemogopk1000]

Wow! That’s huge... I wouldn’t dare risk so much money. In almost a year, I think my total losses don’t exceed $100.

[Yolangalogove]

I'm sorry for you. I started with 1,000 and always look for small yields, 25%. I never risk much.

[ivanGW]

When I started, I did well in demo for two weeks, so I deposited 100 reals. The difference was brutal. I felt for the first time the anguish of losing real money. I lost 80 in two weeks. It’s not much, but the pain was huge. I learned that this is not a game and that without strategy it is pure chance. After that I committed myself to developing a serious system. Since then I have lost operations of more than 80, but within a profitable system that I follow the letter.

[gamlhkin]

It happened the same to me. In demo he looked like a genius. I deposited 1,000 reals, and I lost 500 the first week. I had strategy and risk management, but psychologically I wasn’t ready to accept losses. I broke my own rules and paid the price. Great lesson.

[Llcamipk74]

My biggest individual loss in forex was six high figures, but it was in an institutional trading and was partially covered with options. As an independent trader, my worst loss was about $15,000 in futures of the euro, trying to be contrary at the worst moment.

[Kiblixxa]

In the last six months: 42k, 32k, 16.5k, 10k and 3.5k Australian dollars... almost all in one day. Without stop-loss... it was heartbreaking. Did I change my way of operating? Not at all. Still, I'm still in profit this year.

[alfasopk]

As you did not specify, I give you all three data: individual loss about $300; in one day, about 1,000; in total, about 5,000 at least.

[Evamggm14]

Make trading as comfortable as possible. Follow this rule: for every 1,000 tank, operate 0.01 lot. For every 10,000, operate 0.1. Unless your system is very good, do not upload lotage.

[bampkpa]

I lost a lot, but it was years ago, when I was starting.

[vleyg]

I'm still trying to get that money back.

[LioMizo]

Wow! I see I’m not the only one who’s had his big hit. Do you really think you learn after a beating like that or do some just quit?

[aLg95]

The market doesn't want the soft ones.

[gomiko]

You learn... if you have the stomach to go on after the first hit.

[Chino230]

I lost 8,000 in three months and vowed never to come back. Six months later here I am again. This is like a vice.

[LioMizo]

The problem is, when it's your real money, the brain changes.

[Sepi]

That's exactly the hell of trading. The theory is easy, execution under pressure is another story.

[felipehm11]

That's why many recommend not to operate until they master psychology, and yet fear always comes back.

[Miskelipk]

I solved that with an algorithm. I don't trust my own emotions.

[LioMizo]

Has anyone lost in demo, win in real? It’s always the other way around.

[agebayom6]

Hahaja, my friend, if there was someone who won in real from the beginning, it's a living myth.

[Julayvemgi]

We're all Warren Buffett in demo.

[vivigomauk]

Totally. Virtual money does not activate cortisol. Real money is another story.

[LioMizo]

And the ones who have lost full accounts? Mm-hmm. Is one of those recovered?

[Lamgwlo]

I burned three full accounts, the fourth is the good one, or so I think...

[canaminolas]

He recovers one, but with scars. Yes, then you become a fucking risk management paranoid.

[nimox]

The problem is that some people keep putting in money thinking they do now have the "holy grail."

[LioMizo]

Has anyone here lost so much that he thought he'd quit trading?

[powemoxn71]

Several times, but something in this is addictive, like playing poker against the market.

[Pkninino]

Sure, after losing 20,000, I was about to throw in the towel.

[lisanays]

I left it for a whole year. I dedicated myself to online chess to detoxify.

[LioMizo]

The funny thing is that you always think "only this time I'm wrong, the next insurance I win."

[Jessica8252]

That's the classic self-deception of beginner trader, so I got my second account.

[lem]

Trading is 80% psychology, 10% strategy and 10% luck.

[pkmip4]

I would define it backwards: 90% control your ego and 10% understand the market.

[LioMizo]

Do you think it is easier to recover emotionally or financially after a great loss?

[Hb100775]

Financially you can recover, emotional trauma remains forever.

[apkxg]

If you lose 50,000, the account can be filled in, but the fear of entering again is another level.

[joey1124]

Depends how much self-love you have. I took it as a very expensive master's degree in market psychology.

[LioMizo]

After my loss, I became obsessed with risk control. Did the same thing happen to you?

[Gabmieloyo]

It's the only thing that saves you. I now operate like a robot. I prefer to earn little but steady.

[Impolupk01]

I learned the lesson face: never again without stop-loss. It's like driving without brakes.

[jabme5544]

Right, leverage and greed are the weapons the market uses to kill you.

[LioMizo]

Did anyone make it profitable after a catastrophic loss?

[gani77974lmagemhopkxil]

Yeah, but it took me almost five years, a lot of trial and error.

[oxmlinachupipksgeagua]

I'd say you can, but only if you do a brutal autopsy of your mistakes.

[ingigofilmes]

You can, but you have to kill the ego first, that's the hard part.

[LioMizo]

I've read that some profitable traders burned accounts before. Is that part of the process?

[chinomomo]

Unfortunately, yes, few learn from someone else's head.

[mociobivi]

It is the price of learning. The market does not give away free experience.

[angayavamll]

Unless you start with a very serious mentor, burning accounts seems inevitable.

[LioMizo]

Do you think the size of the account affects the mind more than the strategy?

[juanmolina93]

Operating 10,000 is definitely not the same as 1,000. The psychological weight is brutally different.

[Lucaspoks1]

That's why they say you should never operate on money that you can't afford to lose.

[jlahoz95]

When you start sweating before opening a position, you know your lot size is too high.

[LioMizo]

I used to say, "If I lose everything, I'll just start over." Now I don't think the same...

[Hasimov]

Sure, because when you really live it, the pain is very real.

[mimeneizmengi]

We're all brave until we see the red count.

[Beagbemnal]

And then you learn that the best strategy is to survive the next day.

[LioMizo]

Did anyone manage to recover quickly after a great loss?

[yllemseem]

But it was pure luck, I would never repeat that path.

[kempes37]

If you define "fast" as a couple of years, yes, but really fast, very few.

[nachovigo12]

I recovered in three months what I lost in one, but the stress I suffered I never want to revive.

[LioMizo]

Thanks for sharing your experiences, it helps me to see that I am not alone in this.