Trading with increased risks.
I started trading when I was student. And all the money that I had I invested in training and trading.
I had to deny myself many the banal things. And with each deposit, I hoped that it would give me some financial freedom. As a first-year student, I lived with $ 100 per month. And 200-300 $ of additional income from trading for me was generally the limit of dreams. At that time I genuinely believed that with 100 $ I will be able to do 1,000-2,000$.
But I threw all my first deposits because I did not work correctly with risk management. And every time I lost my money, I was disappointed. After all, in order to investing, I had to save money for 2-3 months, six months. Losing this money, it seemed like all that I did doesn't make sense . It was too hard. There was a time when I went to the park away from all and just can't stop crying. I gave up.
Since. as I threw the 3rd or 4th deposit, I even decided to quit trading. After all, all my peers went for a walk, rested, hung out with the girls, and I invested all the money in training and trading. And by comparison, it looked pretty weird.
Everything changed in one moment when I started to study a specific system, tried to trade according to the rules based on the risks. And only then I started to make money in trading.
How I was looking for freebies in trading and worked as a news clicker.
There is such a thing as fxnewskiller, a software that generates trading signals (news).
People around me told me that I can have large profit - about 40-50%. Of course, as a student, I thought that such a profit is something incredible. I just got swept up with the idea, bought a program, a license , deposit to my account. So I traded for 2 months and made 60-70%.
But when I needed to withdraw my money, the company refused to pay me the profits. And they canceled my profit. So I waited for a month, but they did not withdraw my deposit.
I was furious. I knew a manager who worked with me. I wrote an article on my blog that this company cheating people out of their money. Only then manager contacted me and they withdrew my money in exchange for a promise that I will delete my article.
That was a very serious lesson for me. I stopped believing in freebies. And stopped working with clickers. Then I realized that I need to find my own way for trading, learn how to work with market and where I can trade, and where - I don't.
That was the starting point to work out my system in trading. In the end, I got a very good result.