Because the negative in your title is programming you psychologically to lose as much as possible in trading.
Last few weeks my equity went down below 30AUD. Today, I am up, 52 AUD now. I have been trying a few systems a long the way which contributed to my losses. Now, I am sticking to one system. Hopefully I will see my account grows gradually.
From 52 AUD, this week I am up to 71 AUD. I am trading the smallest contract which my broker allows, 0.01 lot. Sticking to a system has made me to be profitable till date.
Can you please post an update of your account value now, along with a list of all your trades, showing the following. Symbol Date & Time Entry price Stop price Exit price P&L Why you entered Why you exited Also include your starting cash balance, risk per trade in % and $, size traded and ending balance after each trade. This should take about 10 to 15 mins using Excel, delending on how many trades you have done. If you dont have, or use Excel, I suggest you start immediately. If you want excel 2013, I can send you link to file to download. It will cost you nothing. If you want to succeed, you must use common sense. I suggest you save up $2,000 as quick as you can, open a spreadbet account, which you might already be using, and concentrate on Dow 30 to daytrade, and forget about FX and using high leverage. The choice is yours, no one else! J_S
This is very common, and you must forget about what anyone else has, or does, for, the only person than can really help you, is yourself. If you like, I will explain to you how you can daytrade the Dow30 for small risk, and if you understand, and do it yourself, you will see that making money is really 99.99% mental conditioning, with the systems and approaches used being insignificant in comparison to the mental conditioning. J_S
I will only help you, providing you agree with the following, if not, then we have no deal! I will not show you any of my Excel work in public, only by email. Yoy must promise me that you will not show it to anyone on a pubic forum, but if you make money I do not mind you sharing it with close family members - never share money making ideas freely, as they can then become useless. You must do exactly as I say, if you start to think you know better yourself, then you can do it yourself, as I do not like wasting my time with people. I will not ask you for 1 cent, but if you make some money, then I want to see proof that you give a very small amount of what you make to help old people in the area where you live, and nowhere else - there is a reason for this that you will thank me for later. Deal or No Deal? J_S
I have actually blown the account. I will try to update starting from this week on a weekly basis. I have some cash, about 600 AUD.