I hear lots of people talk about blowing their account, and it seems to happen as a single, instantaneous event sometimes. Others say you havent passed a level of maturation until you blow your account (wow, not even sure what to say to these people). I wonder though - how does this happen? I am trading index e-mini futures (dow, s&p). I daytrade, usually only holding a position for 3-6 minutes. When my initial order goes in, a take/profit and a stop/loss also goes in. I don't think my platform supports 'market if touched', but a stop-limit order goes in. With those parameters, haven't I limited my risk? Can I lose more than my stop? If not, then how could I ever blow up? Just trying to understand what my real risk of blow-up is, since I don't see it. Unless - does it need to be a catastrophe like electricity in North America is shut off for 3 days?