I think he's using martingale, hence the big DD. It's a double edged sword

I Dono about his strategy but I know for sure his lot size too big for his account.

Originally his plan was to hit 40 or 50k. Then will withdraw out and restart at 20k. Basically saying he is putting a stop loss of 20k. That's fine actually. But I don't know why he didn't stick to the plan.

People with 1mil account also trade 20-30 lots only.

EU dropping  !

Is nothing compare to crude

[HELP] Do anyone recently can receive wire transfer from FXCM account back to Malaysian bank account? using which bank?

Do banks will block wire transfer from FXCM? if block what will you do? any suggestion?

Guys,... to circumvent the above issues legally, please open a bank account in a foreign country - an account which allows you to control the movement of funds via internet. Transfer your proceeds from any of your brokers overseas into that foreign account and then transfer from that foreign account back to your local bank account.

It is not illegal to transfer from, say a forex broker into that foreign bank account in accordance with the laws of that country.

Then your proceeds from your foreign bank account transferring into a Msian bank account would be clear since it's coming from a bank account overseas under your name, and NOT from a forex broker's bank account.

Just an opinion,.... seeing so many issues here. Hope this helps.

Lack of knowledge/experience... a lot of trial and error too.

I used small lots ... less than 0.1 but a lot of losing trade.

Now i start to search and learn for more techniques to trade

Different people have different gambling strategy.

I have my papers so no problem... just keeping offshore because it's so difficult sending out again...

No one putting ss anymore?

So many tax experts here. LOL.

who made profits today?

Sorry for your loss. Yeah we understand that feeling, we all been through that stage.

Take a break from trading, cause mostly you will have "gotta win back my capital" mindset when you start trading now.
Now start analyzing your whole trading process that you've gone through recently. What happened?

Understand that there is timing for everything. there are times when winning streaks take place and there are times when
losing streak take places. It's normal to lose trades, do not let your ego blind you.
Have strict practice of risk management so when losing streaks come they will have minimal impact on the trading account.

What doesn’t kill you makes you stronger and what doesn’t margin call you, makes you a better trader. Trade safe champ.

yup... hired a programmer do my setup.

Thanks for joining in! Will continue the discussions with you in the forums
so you can get deeper insights on how I trade