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View Poll Results: How many times you burned your account before becoming profitable?
Never, I earned my bread and butter from the first deposit 30 27.27%
Once, and I learned a lot from it. 12 10.91%
Twice, you know, sh*t happens. But that was all. 20 18.18%
A lot. 48 43.64%
Voters: 110. You may not vote on this poll

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Old Feb 27th, 2012, 05:20 PM   #49
bwolinsky
 
 
Join Date: Jul 2008
Location: KCMO, Kansas and Kentucky
Posts: 4,935
Quote:
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) .

Buckled down,

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.
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