Email from a trader
The subject line was “HELP ME, I'M DROWNING“
“Karma, please please help me. I don't know what to do anymore. Every simgle time I place a trade no matter what I place it always goes wrong. I am sure if I could place a buy and sell trade at the same time on one currency pair, both would somehow hit my stops.
I have placed 6 trades recently and every single one has stopped out. What do I do? I have lost so much money that I am scared I will lose it all. Tell me what to do and I'll do it”
That is my answer. Just stop trading.
At least for a little bit.
I know that might not be the answer you want, but it is what I got.
You need to figure out WHY you are losing each trade.
+ Is it your system just sucks and is not profitable?
+ Are you repeatedly screwing up your order entry?
+ Are you revenge trading?
+ Not following your trading plan (If you even have one to begin with)?
+ Are you a trend trader that is trying to trade in consolidation?
+ Or is it just the market cycle you are in and the market really is just hitting you hard?
You have to figure out why you are losing. Don't just continue to trade your money and toss it down the drain.
Oh, and btw, if you have lost only 6 trades, and are close to losing it all, your money management SUCKS.
I lost 19 trades in a row back in August 2015 (yes, apparently that is possible lol), and still didn't lose even 20% of my account.
So if you only lost 6 trades and lost a large portion of your sh!tt, something is wrong.
If you need help, and I mean REAL help…things like a PROPER money management system and truly want to know the proper way to do everything in trading, join me inside the Inner Circle.
I take care of my traders and teach everything I know, without holding anything back.
So if you are interested in becoming a world class trader…
Here is the link:
BTW, speaking of money management, if you are using that bullsh!tt 2% rule nonsense, you are most likely losing more money than you ever imagined.
That is not real money management.
I actually teach you how you can go from making less than 10% per month, to over 100% per month without taking on more risk, and with taking the exact same trades.
So if you want to learn the real way of money management, click the link below and join the Inner Circle.