#25 - How to deal with losses in the forex market

​𝐈 𝐰𝐨𝐮𝐥𝐝𝐧’𝐭 𝐬𝐚𝐲 𝐈 𝐥𝐢𝐤𝐞 𝐭𝐨 𝐬𝐡𝐚𝐫𝐞 𝐦𝐲 𝐥𝐨𝐬𝐬𝐞𝐬… 🤭⁣
Of course, who likes it? 🙄⁣
We all want to look good, feel good, and with our splendid lives on social media platforms, we can only share the good times and beautiful images, right? 😜⁣
I think it’s essential to acknowledge your losses if you want to become a successful trader/investor. Sure, some people might frown on you or even stop working with you, but 𝐈 𝐚𝐥𝐰𝐚𝐲𝐬 𝐣𝐮𝐝𝐠𝐞 𝐚 𝐩𝐞𝐫𝐬𝐨𝐧’𝐬 𝐜𝐡𝐚𝐫𝐚𝐜𝐭𝐞𝐫 𝐟𝐫𝐨𝐦 𝐡𝐨𝐰 𝐡𝐞/𝐬𝐡𝐞 𝐝𝐞𝐚𝐥𝐬 𝐰𝐢𝐭𝐡 𝐥𝐨𝐬𝐬𝐞𝐬 𝐚𝐧𝐝 𝐬𝐞𝐭𝐛𝐚𝐜𝐤𝐬 𝐢𝐧 𝐥𝐢𝐟𝐞. 😤⁣
My biggest losses in the forex market were back in 2012! 😖⁣

I was making ridiculous wins with a new system, in a short period of 4 months, I’ve profited 85% in my trading account, and had grown the account into 6 figures. 🤩⁣
I was on top of the cloud and felt like a king! 😎⁣
Then, I took a trip with my best friends in Panama, and still traded the system because the system will make money for me while I’m away partying, right? ⁣
Panama was a fun time. However, I realized that the standard setup on my trading system was not working correctly, and I have now over-leveraged…but I thought that the system would eventually work because EUR/USD could never go that high…⁣
So I kept on trading, kept on levering, and kept on shorting at the top of EUR/USD. ⁣
The brokerage I was using was giving me 1000:1 leverage…yes, it’s not a typo, 1000 times.⁣
This brokerage was the only reason I was able to do this strategy. Unfortunately, EURUSD continued to go up, and I continued to level up until the margin call - and until the whole system busted. 𝐈 𝐥𝐨𝐬𝐭 𝐦𝐲 𝟔 𝐟𝐢𝐠𝐮𝐫𝐞𝐬 𝐚𝐜𝐜𝐨𝐮𝐧𝐭 𝐢𝐧 𝟏𝟓 𝐬𝐞𝐜𝐨𝐧𝐝𝐬. 😱😱😱😱⁣
𝘎𝘰𝘯𝘦! 𝘈𝘭𝘭 𝘨𝘰𝘯𝘦!  ⁣
The thing about big losses is that when it happened, it usually takes a few minutes for you to accept the reality. I was frozen and paralyzed in front of my screen… I couldn’t believe what had just happened. ⁣
So long story short, I’ve become a trader I am today because of my losses. ⁣
I learned first hand how important it is to control your risks! ⁣
Nowadays, I'm never wowed by the traders who promise quick money, because I know yes, you can make money fast and quick, but you can also lose it even quicker. ⁣
𝗪𝐡𝐚𝐭 𝐰𝐚𝐬 𝐲𝐨𝐮𝐫 𝐛𝐢𝐠𝐠𝐞𝐬𝐭 𝐚𝐧𝐝 𝐦𝐨𝐬𝐭 𝐦𝐞𝐦𝐨𝐫𝐚𝐛𝐥𝐞 𝐥𝐨𝐬𝐬 𝐢𝐧 𝐲𝐨𝐮𝐫 𝐭𝐫𝐚𝐝𝐢𝐧𝐠/𝐢𝐧𝐯𝐞𝐬𝐭𝐢𝐧𝐠 𝐜𝐚𝐫𝐞𝐞𝐫?