People think its not ok to talk about losses in trading for some reason but everyone experiences losses, the difference between the successful and the non successful though is how they see and use a loss! Successful traders will accept the loss and go back to work out what went wrong and how they could have avoided it whilst un successful traders just moan like f@CK thinking the world is against them and rush into the same trade trying to make losses back (and yes im speaking from experience from when i first started trading)
My biggest loss in 1 trade was 52k a few years ago when i didnt know what i was doing... And yes i learned from that massive mistake which is why i am now a full time profitable trader.
Now i have a few tips to stop you blowing accounts if you want to message me, i can also suggest some books that helped me and i can give your mindset a kicking so you wont make the same mistakes over and over.
Gold will go up further and could possibly see 1700 soon, the bulls are ready to step in again soon and push price upto this level as on the lower time frames price is been squeezed ready to explode and as you should know gold thrives on fear.
Biggest loss i made was crashing my car same day I blew my account 4 years ago, still recovering :D
gjfx
⋅
@ishraz, Damn that was a bad day! Sorry to hear that.
markanthonykg
⋅
5k
gjfx
⋅
@markanthonykg, What did you learn from this loss if anything?
Kh_Karimov
⋅
@gjfx, i’ve lost 110K last month and now I don’t know what to do
bp191
⋅
Bear shares on a bounce burnt. Gold may be sold in the next share market leg down. Wages declining, unemployment up, housing down, surplus capacity deflationary. Food and essentials up. Deflationary. I don't know. Volatile times with high margins.
gjfx
⋅
@bp191, Very volatile times but there are always investors about and with the stock markets down, housing going to crash they will want to invest money somewhere and that place is usually Gold. Hope you are keeping safe anyway? Where in the world are you from?