Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

GlassOnion

What Was Your Greatest Loss in Trading ?

Recommended Posts

As for me, I made my biggest loss in Forex trading was when i just started trading Forex. Funny enough, i made my biggest loss immediately after making my biggest profit. It was due to my attempt to take advantage of an immediate reversal of trend.

Share this post


Link to post
Share on other sites
As for me, I made my biggest loss in Forex trading was when i just started trading Forex. Funny enough, i made my biggest loss immediately after making my biggest profit. It was due to my attempt to take advantage of an immediate reversal of trend.

 

:)) I guess my health, as the belly started to grow eversince......:)

Share this post


Link to post
Share on other sites

Worst losses were shorting pharmaceuticals. Icos gave me a beating in 2003.

 

My best gains were from shorting pharmaceuticals. I shorted rigl at $21.75 on 11/30/2005 at 3:50pm and covered it the next morning at 9:50am at $8.50. Best trade of my life. Pure luck. I was in the trade for 30 minutes of market time.

Share this post


Link to post
Share on other sites

My biggest loss was time. Time spent looking at the wrong things, time spent trading without a plan or without real understanding of what was important, time wasted on indicators, etc. then time unlearning all the nonsense I had picked up.

 

The money comes back with interest, but you can't ever get that time back.

Share this post


Link to post
Share on other sites

Mine happened this year and was the classic noob mistake. It happened back in March when AAPL hit that 486 level. It did not fit any of my criteria whatsoever. It was just me getting suckered into the appearance of a potential "breakout" opportunity amidst all that David Einhorn-led "iPreferred" shares hoopla.

 

I bought about $11,000 worth of calls and suffice to say got reversed on big time. So again, buying something that did not fit my method's criteria was mistake No.1 ..... then came mistake No.2 ..... I averaged down on a big loser.

 

I rode the entire thing down to about $1,500 and finally gave up. Lost just over $20,000. Set me back tremendously.

Share this post


Link to post
Share on other sites
My biggest loss was time. Time spent looking at the wrong things, time spent trading without a plan or without real understanding of what was important, time wasted on indicators, etc. then time unlearning all the nonsense I had picked up.

 

The money comes back with interest, but you can't ever get that time back.

 

Very good point. Something everyone should make note of.

Share this post


Link to post
Share on other sites

I guess my biggest loss was my first forex trade. Brand new acct. I had just returned from a trip to Europe. I remember being impressed with how strong the Euro was against the USD.

I got home and went long eur/usd I didn't look at a chart. Actually, I had heard of charts but had never really seen one. But someone as smart as me didn't need charts and all that crap.

I margin called in about 3 hours, -$30K

 

I couldn't make this up. I should be too embarrassed to talk about it, but there it is.

Share this post


Link to post
Share on other sites
11 hours ago, CrazyCzarina said:

Beginner traders tend to add to losing trades or hold for too long, resulting to a bigger amount of money at risk. They do this in hopes of a trade reversal so they can get back their loss.

Yes,l  did this with Abengoa. I lost thousands of dollars. " Catch a falling knife".  I have since forgot, and I don't want to think about it.

Share this post


Link to post
Share on other sites
On 7/10/2018 at 8:57 PM, CrazyCzarina said:

It is really sad to see that many people are losing money because of no proper knowledge and management of money in Forex.

Exactly. I have only been trading real money for about a week now but I didnt want to trade legit until I knew exactly what I was doing. I understand though how people get lost because of so many different strategies and stuff it can be overwhelming you know?

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • Date: 29th March 2024. GBPUSD Analysis: The Pound Trades Higher But For How Long? The global Stocks Markets are closed due to Easter Friday (Good Friday). The NASDAQ continued to follow the sideways trend while other indices again rose. The SNP500 reaches an all-time high, but the NASDAQ remains under pressure from Tesla, Meta and Apple. The Euro continues to trade lower against all major currencies including the US Dollar, Euro and Japanese Yen. The British Pound is the best performing currency during this morning’s Asian session. However, investors are largely fixing their attention on this afternoon’s Core PCE Price Index. GBPUSD – The Pound Trades Higher but For How Long? The GBPUSD is slightly higher than the day’s open and is primary due to the Pound’s strong performance. At the moment, the British Pound is increasing in value against all major currencies. However, the US Dollar Index is also trading 0.10% higher and for this reason there is a slight conflict here. If investors wish to avoid this conflict, the EURUSD is a better option. This is because, the Euro depreciating against the whole currency market avoiding the “tug-of-war” scenario. The GBPUSD is trading slightly lower than the 2-month’s average price and is trading at 49.10 on the RSI. For this reason, the price of the exchange is at a “neutral” level and is signalling neither a buy nor a sell. The day’s price action and future signals are possibly likely to be triggered by this afternoon’s Core PCE Price Index. Analysts expect the Core PCE Price Index to read 0.3% which is slightly lower than the previous month but will result in the annual figure remaining at 2.85%. The PCE rate is different to the inflation rate and the Fed aims for a rate between 1.5% to 2.00%. Therefore, even if the annual rate remains at 2.85%, as analysts expect, it would be too high for the Fed. If the rate increases, even if only slightly, the US Dollar can again renew bullish momentum and the stock market can come under pressure. This includes the SNP500. Investors are focused on the publication of data on the UK’s gross domestic product (GDP) for the last quarter of 2023: the quarterly figures decreased by 0.3%, and 0.2% over the past 12-months. This confirms the state of a shallow recession and the need for stimulation. The data, combined with a cooling labor market and a steady decline in inflation, increase the likelihood that the Bank of England will soon begin interest rate cuts. In the latest meeting the Bank of England representatives did not see any members vote for a hike. USA500 – The SNP500 Rises to New Highs, But Cannot Hold Onto Gains! The price of the SNP500 rises to an all-time high, before correcting 0.33% and ending the day slightly lower than the open price. Nonetheless, the index performs better than the NASDAQ which came under pressure from Tesla, Meta and Apple which hold a higher weight compared to the SNP500. For the SNP500, these 3 stocks hold a weight of 9.25%, whereas the 3 stocks make up 14.63% of the NASDAQ. The SNP500 is also supported by ExxonMobil’s gains due to higher energy prices. The market will remain closed on Friday due to Easter. However, the market will reopen on Monday for the US and investors can expect high volatility. Investors will also need to take into consideration how the PCE Price Index and the changed value of the US Dollar is likely to affect the stock market next week. Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HFM Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Michalis Efthymiou Market Analyst HFMarkets Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • MT4 is good and will be good until their parent company keep updating the software, later mt4 users will have to switch to mt5.
    • $SOUN SoundHound AI stock at 5.91 support area , see https://stockconsultant.com/?SOUN
    • $ELEV Elevation Oncology stock bull flag breakout watch , see https://stockconsultant.com/?ELEV
    • $AVDX AvidXchange stock narrow range breakout watch above 13.32 , see https://stockconsultant.com/?AVDX
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.