I was wondering how high ET trades accounts have gotton before you blew it up to zero, or close to it...I'm a little fish, I think I had it up to about 11k then to zero, but I've had to add to my account too many times... From ____ to _____?
$100,000 to -$24,000 once.. in a series of highly speculative futures trades. I'm the biggest loser I know.. !!! Just like Jordan has missed most last minute shots, I too have lost the most amount of money trading.
5,000 to 3,100 when I first started. After that I got up to 15,000, than I was down to like 5,500 again. That was Eons ago.
25,500 to 25k add 500...25,500 to 25k add 500.....etc...Trying to remember how that movie ended. Groundhog Day.
Figure 95% of ET members have blown out their accounts at least once regardless of the instrument traded. Me included.
No, never blow up an account myself. However, I once got an account blown up by the clearing firm going bust - wiped out about 65% of the account equity. Luckily I was dirt poor at the time so it was not a huge amount of cash.
Have not heard of any clearing firms going bust and customers with funds in segregated accounts losing their money . How long ago was it ?