You may have made the same mistake as me
I made $1000 for my first trading
Today I want to tell you the tragic story of my trading journey. I started trading on a demo account and I found a mentor in Sydney Australia as I was a student there and he teaches me the RSI method to trade. I was very excited at first and put 50 dollars of my real money into a trading account and started analyzing charts on 1-minute time frame using high leverage. I thought I could have handled that leverage easily. in the first week I made my account equity to $1000.
Beginning of profits
I was enjoying my profits because we made this amount of money fortnightly doing the cleaning of offices and I was making up to 1000 dollars per week. It was a matter of months when my friends started to ask me about this new thing I was doing. My mentor was also very happy and proud to have a student like me. He often called me and said you are the best student of mine. I was starting to withdraw huge profits from forex every day.
Starting of business
One day I was working in the office when my manager called me into his room and he asked me to leave my job and start doing this full-time. He gave me one day of thinking and said that I would be investing in you if you start this business. After considering the profits I was making I agreed to him and started working with him and quit my job. I got other clients from fb and social media I had about 12 high-paying clients with me at that time. I was just managing their money and doing good profits.
I was very happy with the recent profit I made it was somewhat sooper and I could not thank God enough for this thing. After that, I took so many wrong trades that my whole profits became zero. I started trading when it was not needed going against the market and emotional trading blew my accounts. It was simply not working but I was confident I could handle the situation so I kept going. I lost all my profits because of these things.
I learned so much from my wrong trading experience. The things I learned were:
- Don't go against the market
- Don't be overjoyed when u have profits
Guys, this is my story, do you guys have a similar story?
Edited 10 Apr 2021, 20:17
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