Registered: Jul 2008
02-27-12 10:20 PM
Quote from Zr1Trader:
Never "Blew UP" where I got a margin call that blows out the whole equity. It's pretty much considered "blown out" lol
Started with 20k.
Biggest down day was 8k when I first started.... I was doing dumb shit like holding a 3x etf over night.
Was down -26k total at one point in my learning curve , (refunding same account) .
did my time, 10k hours, paid my dues, learned how to play, made some money (lower 6 digits) and here I am to fight another day.
Yeah, you really need to use a robust system to trade 3x. Discretionary, non-quantitative trading is guaranteed to ruin your capital accumulation in those instruments.