I read threads here about people blowing up their accounts on a pretty regular basis in some way or another. I know in the "market wizards" books, many of these guys tell stories of losing everything while they are amateurs...and then having big setbacks while they are professionals. I would like to comment that it seems many people think that this is some type of right of passage....it almost seems to be self fulfilling that if people think it has happened to many big traders...then they have to do it too before they learn their lesson...which i find unhealthy. regardless... I lost about 22% in my "lesson" over about a month of overtrading, leverage and being convinced i was right. But after that....i really learned my lesson...i will never do that again. I plan on ending my year in the black. Do people really lose it all more than once????? or when you say you "blew up" do you mean small set backs of 10%, 20%, 30% like mine? it would be hard for me to understand the psyche of someone truly losing all their money multiple times.