The Risk I Took As A Trader

As a trader who's got a build up greed dwelling from the inside, even when you know as a trader, you kinda feel your chances of making profit isn't assured. 

I love trading in the foreign exchange market, an environment everything is promised. The hurricane of profit but sadly ignored in most cases - the wind fall of losses. 

With limited education, probably with as little as a pinch of salt of experience, I spoke confidently of how I can make hundreds of US dollars in a week with a capital of $1000. 

It sounded too good to a greedy minded investor, his face exploded in joy and optimism. In a quick reaction he asked loud with a smile locked beside his left eye, "give me your account so you can start today". 

Oh okay, I replied. 

A thousand dollars isn't a bad money, I thought to myself. 

Fast-forward to three days after I funded my account, the story was obvious. 

At the start, I spent around $200 to restock on food stuff, spent a little more on groceries and left around $100( can't recollect the exact amount ) in my account just Incase. 

Funded my account with $500. Need I say; I used indicators 100% to trade at the time. 

Three days after I started trading, I was able to raise the balance to $720 the first day. The second day, the account went further up and suddenly my Confidence knew no level. 

At the time, I love some crazy combination of indicators. When stockahastic does this and it aligns to RSI then macd also signifies same then I'm in. 

In 2011 March 11 ( I think), a massive earth quake happened in Japan. That was the third day, I started that day with a balance of a little over a thousand dollars, I did open a couple of trades on GJ. 

With no stop loss because I was so confident of what my indicator combination had reveaed to me (usually I use stop loss, but that day.....), I left the trade to go attend to some thing two streets from where I live at Adeniyi Jones, Ikeja. 

By the time I came back, I saw one long candle that looked like it just appeared on the chart, I couldn't swallow saliaver. My heart beat so fast that I heard it so loud.

The only thing that kept coming out of my mouth was, "ha...... haaaaaa) with my hands folded together on my head. 

I looked at my balance and everything was red. How do I refund? Where will I get money to meet up to the promised I gave my investor? 

I was so confused I didn't close the trade. You should know how the story ended. 

The next day, I went to a broker at Oregun Ikeja to sell my shares to refund my investor. 

After that episode, I learnt series of lessons;

Never count your eggs before they are hatched. 

Because you made some amazing consistent profit doesn't gurranttee you'll make same tomorrow.

Your learning is continuous, be willing to learn and consistently unlearn. 

PS: Don't mind me 😁😁😁 I'm currently at a phase where I just feel like sharing real experiences in the my trading journey (not career 🤪)