Tell how u lost ur money.

Lost because of fear - Not exactly knowing what I was doing
Lost because of greed - Not exactly knowing what I was doing

A Parable


The cheese-mites asked how the cheese got there,
And warmly debated the matter;
The Orthodox said that it came from the air,
And the Heretics said from the platter.
They argued it long and they argued it strong,
And I hear they are arguing now;
But of all the choice spirits who lived in the cheese,
Not one of them thought of a cow.

---Arthur Conan Doyle

Hey buddy ! how u doin ? Happy to see your post

Used huge leverage and all available margin without a plan .. made some good gains , used heavy leverage and all available margin again , this time without a care in the world , suffered biig drawdawn & tried to revenge trade and claw it back , all this apart from many other silly mistakes live averaging down , praying for a reversal etc .. this was some time ago , now i know when to step away from the market , have made some mental adjustments , trade within my limit , worked out a basic money management plan and am learning TA and trying to make myself a proper system , i consider what i lost in the market as a kind of guru dakshina if u will , i now know what not to do , and that's worth the money , learn from your mistakes & earn by not repeating them , cheers all , happy trading

Intially my attitude was to Buy Low & Sell Higher,thats all Gurus advocated,but always landed up with Buy low & sell still lower.After i changed my perception to buy high & sell still higher and sell low & cover still lower ,with this my Stops become very close to Entry.

Well said,I could not come out of this mentality.Can you help me to come out of this mindset.

Leverage only to which position your are comfort without emotion of fear and greed. Over leverage is the mass destruction weapon.
Hold position to the comfort level of the sleeping zone.

Dow jones is now at 11 year low. So long term always doesnt pay.

Great thread keep it up