1. Take time off 2. Analyze what has happened 3. Prevention plans 4. Trade small
@victoradatsi2565 жыл бұрын
overtrading and revenge trading .... never doing that again
@d.m.c.29637 жыл бұрын
I started 2017 £5k up. By the end of February I was £12k up. I am now £57k down! Pretty devastating and I am taking time off. Be careful trading.
@joshuakatumba76487 жыл бұрын
I have come from a break from a catastrophic loss that has really impacted my psychological well being...I was trading with too much size,overconfident,and had market conditions that i did not expect...funny enough i had gotten warnings that market conditions were changing but i was too optimistic...
@ImranKhan-th7mz4 жыл бұрын
I have a 30k loss which is 83% of my account. My mistakes were getting at the wrong time, averaging down, and no risk management, and risking big by big position size. My recovery plan is; Taking a deep breath, brush it off, starting with a small position, and only focusing on staying green no matter what. I have to be clear about my entry point 100%. I am going to apply this rule until I recover 50% of the total loss.
@pbj55213 жыл бұрын
The volatile markets these days made me lose almost 70% of my portfolio in a week. Today, I lost 40% of my portfolio. I need to take a break because I feel like I am going insane
@maramaemacaso91073 жыл бұрын
same, the market teaches us a lot of lessons now but then those lessons will make us profitable in the near future! Cheer up, we can get through this.
@WilliamKwon3 жыл бұрын
The way I'm here after my GME AMC loss LOL
@ibrahimxalil2444 жыл бұрын
i just had a big loss, i almost lost 3/4 of my account. thank you for the video
@nathanyusuf32086 жыл бұрын
I lost a third of my account in 10 minutes! Although my RSI indicator and resistance lines matched up perfectly, the size of my position was WAYYY too big ( as I said I risked about a third of my account on one trade) and I was focused too much on a strong trend of the past and failed to notice the formation of a newer uptrend.
@mr.hirisklorisk3 жыл бұрын
Thanks, I needed to hear this today. I lost 20% of my portfolio last Thursday and Friday. Was planning to get back into it with rage anf fury on Monday, but will now take a break until next week Thursday to reassess and analyze. If my potentials take a dip to support levels in the meantime, then yes I may go back in, but watching your video, I have now accepted my losses. Take care
@rizwann1234 жыл бұрын
I learned from my losses 1- never trade without making portfolio, dealing in single stock is suicide 2-Never invest in one share more than 10% of you portfolio 3- STOP loss is your only friend, if condition/volatility do not warrant stop loss stop get out. 4-Don’t short without two confirmation one from candles another from oscillator ... .... Have to be lucky to recover from more than 30% of portfolio.you need to be pro for recovery. Trad safe and wise.
@phanthien10872 жыл бұрын
everytime I get here it means I get to the title of this video again, lol, hope you doing well and thanks alot for you work Mark !
@vanillaiscream53284 жыл бұрын
fucking lost 75% of my account because i forgot to close my position on friday night and market opened way lower on monday while i was on x20 leverage.. so bad for my mental health and just gonna take a break for a bit
@hanksoulman92253 жыл бұрын
Use it as a catalyst to improve your trading skills, because the reason you lost is you didnt have top notch skills OBVIOUSLY. And also always worst case the outcome and if not ok with the worst case scenario then trade with smaller amounts so you can deal with the potential worst case scenario. If you cant deal with the worst case scenario before placing a trade then DO NOT DO IT. Also better to grow portofolio slowly and surely, instead of blowing your account up thinking your Big Time Mr. Vegas...remember gambling is not investing, so be an investor not a gambler.
@quitefar033 жыл бұрын
Thanks. this was greatly helpful, needed it. made some bad trades with tesla and last nights sell off just kicked me in the nuts
@mr.goldfarmer48833 жыл бұрын
Mark is like the godfather of trading discipline lol.
@devenarries42813 жыл бұрын
Mark I really appreciate the content you put out here on a daily basis. It has helped me alot and I gained alot knowledge eversince I subscribed to your channel. Again, thank you for your mastery content your putting out here.
@bonglordboy85623 жыл бұрын
I need to change my approach to trading lol I lost a lot the other day but I’m going to humble myself and learn from my mistakes! Need to find a better way of obtaining my own research!
@sachinskumawat6 жыл бұрын
nice sir I lost lot of in last few month and in recovering phase .I will try to follow your advice. thanks
@AgentAnderson0107 жыл бұрын
Really enjoy your videos, keep up the good work.
@ukspreadbetting5 жыл бұрын
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@SohailKhan-pu2oi3 жыл бұрын
I lost 18 lakhs to recover 1 lakh loss. I am struggling to give EMIs now. All this happened just because I thought intraday margin will be over so after that I won't be able to recover money. It will take years to recover and so I got trapped. What should I do now?
@Ivontayfitzgerald4 жыл бұрын
Very warm welcome
@tomrowe98446 жыл бұрын
I take loads of time off to the point where i dont trade at all and make no money Its a guessing game if you look at it correctly
@JackKing12.2 жыл бұрын
Take time off to reflect the error...did a couple of stupid moves...
@beckz49524 жыл бұрын
Thank you!
@dkct20104 жыл бұрын
good program
@hlobert15 жыл бұрын
@UKspreadbetting : When you said to stop trading, what would you do? Undo your position and then take time off or would just go and take time off?
@skhumbuzocele13305 жыл бұрын
You are good in getting burned trading soldiers back in the pot brooooo. Lol.....I have lost a lot of money trading with FXCM South Africa. It seems the platform is rigged....programmed to benefit the broker at the end. I saw odd changes in platform in front of my eyes....😵😵😵😵😵😵😵😵.....Trading small all the times does NOT help anybody....that means you will profit $ 5 in ten year?????
@BlackWindow-if1pt5 жыл бұрын
❤👍
@Ivontayfitzgerald4 жыл бұрын
❤️
@tahagolden23754 жыл бұрын
I'm Millionaire in Damon account but I'm not able to make money on real account 🤕🤕🤕🤕