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 ?

By GlassOnion, in Forex

Recommended Posts

GlassOnion    12

GlassOnion
Posted

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

tradingwizzard    10

tradingwizzard
Posted
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

MightyMouse    12

MightyMouse
Posted

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

Seeker    11

Seeker
Posted

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.

MaxPastukhov reacted to this

Share this post

Link to post
Share on other sites

Enigmatics    10

Enigmatics
Posted

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

Mysticforex    13

Mysticforex
Posted
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

Mysticforex    13

Mysticforex
Posted

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

BBBBrian_1    1

BBBBrian_1
Posted
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

NoobTrader    0

NoobTrader
Posted
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.

×
Go To Topic Listing

  • Topics

  • Posts

    • Stocks4life
      Breakout and Swing Stock Ideas

      By Stocks4life · Posted

      CVNA Carvana stock, nice top of range breakout at https://stockconsultant.com/?CVNA
    • Stocks4life
      Breakout and Swing Stock Ideas

      By Stocks4life · Posted

      GDRX GoodRx stock, good day, watch for a bottom range breakout at https://stockconsultant.com/?GDRX
    • HFblogNews
      HFMarkets (hfm.com): Market analysis services.

      By HFblogNews · Posted

      Date: 14th February 2025.   Can The NASDAQ Maintain Momentum at Key Resistance Level?     The price of the NASDAQ throughout the week rose more than 3.00% to bring the price back up to the instrument’s resistance level. However, while taking into consideration higher inflation, tariffs and the resistance level, could the index maintain momentum?   US Inflation Rises For a 4th Consecutive Month The US Consumer Price Index, or inflation, rose for a 4th consecutive month taking the rate even further away from the Federal Reserve’s target. Analysts were expecting the US inflation rate to remain unchanged at 2.9%. However, consumer inflation rose to 3.00%, the highest since July 2024, while Producer inflation rose to 3.5%. Higher inflation traditionally triggers lower sentiment towards the stock market as investors' risk appetite falls and they prefer the US Dollar. However, on this occasion bullish volatility rose. For this reason, some traders may be considering if the price is overbought in the short term.   Addressing these statistics, US Federal Reserve Chair Jerome Powell acknowledged that the Fed has yet to achieve its goal of curbing inflation, adding further hawkish signals regarding the monetary policy. Other members of the FOMC also share this view. Today, Raphael Bostic, President of the Federal Reserve Bank of Atlanta, stated that the Fed is unlikely to implement interest rate cuts in the near future. This is due to ongoing economic uncertainty following the introduction of trade tariffs on imported goods and other policies from the Republican-led White House.   Most of the Federal Open Market Committee emphasizes additional time is needed to fully assess the situation. According to the Chicago Exchange FedWatch Tool, interest rate cuts may not start until September 2025.   What’s Driving The NASDAQ Higher? Earnings data this week has continued to support the NASDAQ. Early this morning Airbnb made public their quarterly earnings report whereby they beat both earnings per share and revenue expectations. The Earnings Per Share read 25% higher than expectations and Revenue was more than 2% higher. As a result, the stock rose more than 14%. Another company this week that made public positive earnings data is Cisco which rose by more than 2% on Thursday. Another positive factor continues to be the positive employment data. Even though the positive employment data can push back interest rate cuts, the stability in the short term continues to serve the interests of higher consumer demand. The US Unemployment Rate fell to 4.00% the lowest in 8 months. Lastly, investors are also increasing their exposure to the index due to sellers not being able to maintain control or momentum. Some economists also increase their confidence in economic growth if Trump can obtain a positive outcome from the Ukraine-Russia negotiations.   However, during Friday’s pre-US session trading, 80% of the most influential stocks are witnessing a decline. The NASDAQ itself is trading more or less unchanged. Therefore, the question again arises as to whether the NASDAQ can maintain momentum above this area.   NASDAQ - News and Technical analysis In terms of technical analysis, the NASDAQ is largely witnessing mainly bullish indications on the 2-hour chart. However, the main concern for traders is the resistance level at $21,960. On the 5-minute timeframe, the price is mainly experiencing bearish signals as the price moves below the 200-period simple moving average.   The VIX, which is largely used as a risk indicator, is currently trading 0.75% higher which indicates a lower risk appetite. In addition to this, bond yields trade 6 points higher. If both the VIX and Bond yields rise further, further pressure may be witnessed for index traders.   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 of how markets work. Click HERE to register for FREE!   Click HERE to READ more Market news.   Michalis Efthymiou 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 Leveraged 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.
    • Stocks4life
      Breakout and Swing Stock Ideas

      By Stocks4life · Posted

      LUNR Intuitive Machines stock watch, attempting to move higher off 18.64 support, target 26 area at https://stockconsultant.com/?LUNR
    • Stocks4life
      Breakout and Swing Stock Ideas

      By Stocks4life · Posted

      CNXC Concentrix stock watch, pullback to 47.16 triple support area with bullish indicators at https://stockconsultant.com/?CNXC
×
×
  • Create New...

Important Information

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

  I accept