Hi Peeps, I just finished checking and analyzing account of a trader to blew up over $12M of investors account plon Ctrader on here, I must admit as a professional trader that have been trading for private accounts and institutional account, it's a big disappointment to see.


Firstly, how can you be trading investors funds, and no strategy or plans of trading? No exit plans? That is a terrible trading.


As a professional trader that trade privately to only invited clients, first thing I do it's let clients know that their deposits are safe and put out my trading plans to them and mostly the MAX drawdown that I don't allow to get to 20%.


The trader that blew up those investors funds as no exit strategy in place. How can you be adding trades to already bad trades and be hoping for miracles. You don't trade with miracles but strategy.


When you are already on the wrong side of the trend, as a professional trader, you must exit the trades and take losses when it's minimum. Take a deep breath and start again. Losing is part of trading, I take losses and restrategize, this keep me making profits weeks in week out. 


Taking losing or having a bad trading day is part of trade, you don't keep adding positions to already bad trades, and this is what is know as MARTINGALE and end up blowing investors accounts.


And you that is investor, if you are going a copying trading, make sure you use broker that can allow you to cap amount of percent of account balance you are willing to lose, just in case the trader is a reckless trader.


In my 20 years of trading, I have accounts I have traded for over a decade plus, I only ask client to change broker of the broker is having unacceptable slippage by me, otherwise I build accounts and keep them going.



Have a nice day.

There is always another day