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I started on 1 September and Today my total losses are $230K
It's a huge loss and, it's more than 50% of my savings, Recently I thought that I learned from my mistakes over the past 2 months but I was wrong, while I was writing this post I lost my base capital I deposited 2 days ago.
Earlier this week I made a childish plan that I would start with $2000 as a base capital and I would target 1-5% daily profit or loss on the long journey to get my money back but obviously, it wasn't realistic enough, and again ended up with ZERO Balance account.
This crisis affected my focus on my work and my studies and on a way to be a wise investor I started copying some smart profiles and traders on ETORO, It might have a bad end too even if the guys / Portfolios have good reputations and trade of record.
I know my mistake or I assume I know them, they are as follows:-
- Greed
- Awful risk management
- Low technical analysis skills
I am expecting to get $10K from the broker next week as a rebate, I am afraid to follow my stupid plans and waste them as well, but I am just trying to get more Ideas on how I can fix this problem, I donβt intend to quit but I don't want to waste the rest of money too.
Just to make it short, I am looking for advice, Is it possible to make up my losses or it's better to quit and save the rest of my money?
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- 1 year ago
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