Stable 1 account in 90 per cent draw down!
Stable 1 account in 90 per cent draw down!
03 Dec 2020, 05:22
Another day another blown account, Stable 1 which i think had 500k USD worth of followers is about to blow ip.
Pure craziness, i have been following a few copy traders lately and i can't believe how bad a reckless they all are.
Replies
ace6670
03 Dec 2020, 11:49
It's really frustrating because as a copier you sometimes putting in 1000s & the provider understandbly keeps a smaller balance but you take the biggest hit when it goes wrong(which I'm always prepared for) whilst they may lose a few 100s after making 10,000s.
I lost 90% of my account in 5 minutes due to cServer stop out & had to manually stop copying otherwise I would have nothing at all left. What's strange is that their profile says they 'use very low risk-low return.', which until yesterday was somewhat accurate if you look at the trading history & I looked at their past ROI & position history which it all looked ok for the past few months.
Why they suddenly decided to be so overexposed boggles the mind as they had a pretty stable, profitable copier base & funds & they just now threw all that out the window though I can't say for what reason.
It's a shame because they were one of the very few stable strategy providers & now will be relegated to a 'stay away' list.
Sorry for all those like me who had so much blown away in so little time :(
@ace6670
theFXlonglunch
03 Dec 2020, 15:26
RE:
ace6670 said:
It's really frustrating because as a copier you sometimes putting in 1000s & the provider understandbly keeps a smaller balance but you take the biggest hit when it goes wrong(which I'm always prepared for) whilst they may lose a few 100s after making 10,000s.
I lost 90% of my account in 5 minutes due to cServer stop out & had to manually stop copying otherwise I would have nothing at all left. What's strange is that their profile says they 'use very low risk-low return.', which until yesterday was somewhat accurate if you look at the trading history & I looked at their past ROI & position history which it all looked ok for the past few months.
Why they suddenly decided to be so overexposed boggles the mind as they had a pretty stable, profitable copier base & funds & they just now threw all that out the window though I can't say for what reason.
It's a shame because they were one of the very few stable strategy providers & now will be relegated to a 'stay away' list.
Sorry for all those like me who had so much blown away in so little time :(
Account totally blown, sad. But again, no one is to blame, just the silly people like you and me who invest in these people.
@theFXlonglunch
lazy_cute_monkey
03 Dec 2020, 10:25
Thought that account was going well. Unfortunate i wasnt able to withdraw before losing all my capital :( lesson learnt.
@lazy_cute_monkey