Signal | A lesson: 4 months of profit lost in 1 week!

Nickname: @anilay

Country:U.K.

Broker:  #OctaFX Global#

Brief comment:

This is a story of 4 months of stable profitability to being dragged into the quagmire by two fluctuations of market quotes.

Usually, traders have "beginner" or "luck" blessings, and the first round of operations is as fierce as a tiger. @anilay is no exception. Crazy operations of GBP/USD, XAU/USD, and EUR/USD have achieved remarkable results. In 4 months, the profit is close to $1,875, with a profit ratio of 33.7%.

At that time, under the blessing of the goddess of fortune, he increased his position desperately and lost his mind. Sometimes, it would also be patient when it was beneficial to him, and let the profits run. However, this crazy operation leads him to failure. Traders are independent thinkers, and independent thinkers make mistakes. In May of this year, two short orders near the price of XAU/USD at 2000 and six long orders at the price of NAS100 at 14000 made his profit disappear instantly. Now his current position has a floating loss of $3,149.

Looking at his order, you can find these points:

a, The trading method is Martin;

b, The position is heavier and risky;

c, The main income comes from GBP/USD and XAU/USD operations;

d, Occasional mistakes or big losses.

Therefore, looking at the process from the end, everything in the past has laid the groundwork for the future!