Prathsgd, I'll tell you the same way I would my best friend or my own kids.
Stay out of the market until you have done 2 things: Develop a methodology to trade by, and have sound margin management skills. In losing 90% of your account in a few hours tells me you had neither.
After you have developed the 2 important parts I mentioned, then enter the market, but very conservative. Do not worry about making money. Once you are in with real money with a developed methodology and margining skills, it is the mental aspect you will have to deal with. This is why it is important than when you enter to be conservative when you first enter.
I'm doing well in my trading, but I can also tell you that I still am never concerned about the money I'm making. The money follows naturally. After all, it is also natural that if those 3 integral parts are in place, then winning trades are made, which translates into lots of money.
I don't mean to be condescending, but what I told you is very true. Take it like it came from your best friend next door.
Stay out of the market until you have done 2 things: Develop a methodology to trade by, and have sound margin management skills. In losing 90% of your account in a few hours tells me you had neither.
After you have developed the 2 important parts I mentioned, then enter the market, but very conservative. Do not worry about making money. Once you are in with real money with a developed methodology and margining skills, it is the mental aspect you will have to deal with. This is why it is important than when you enter to be conservative when you first enter.
I'm doing well in my trading, but I can also tell you that I still am never concerned about the money I'm making. The money follows naturally. After all, it is also natural that if those 3 integral parts are in place, then winning trades are made, which translates into lots of money.
I don't mean to be condescending, but what I told you is very true. Take it like it came from your best friend next door.
