I know exactly how you feel Doberman! I have lost a total of 63K (GBP) and more recently being 50K on Gold within 2 weeks!
We both really need to place strict stops, my mistake was that I chased Gold and kept buying on dips until I was backed against a wall.
Best way is to trade small and take profit when you see it and don't get greedy!
Also raise stops when you are in a riskless position; if you do then get stoped out you have zero loss.
Overtime the more successful small consistant trades will make up for the big winning trades with bigger risks.
Dont worry about loss as you will always have another shot and getting this back.
Start small and you will be ok and losing like this gives you a valuable lesson.
The guys on this forum have been great and most have very good TA knowledge.
We both really need to place strict stops, my mistake was that I chased Gold and kept buying on dips until I was backed against a wall.
Best way is to trade small and take profit when you see it and don't get greedy!
Also raise stops when you are in a riskless position; if you do then get stoped out you have zero loss.
Overtime the more successful small consistant trades will make up for the big winning trades with bigger risks.
Dont worry about loss as you will always have another shot and getting this back.
Start small and you will be ok and losing like this gives you a valuable lesson.
The guys on this forum have been great and most have very good TA knowledge.