it was Sept 4, 2008 when i was struck by the Black Swan event.
I lost all my trading stake of 55 000 USD in blink of an eye on a 'sure trade'
the event: I longed eurusd & gbpusd at the session lows after they had both descented 200+ pips so I felt pretty sure I would get a little profit riding the quick retracement
needless to say I was stupid enough not to use stops!!!
for a minute the prices backed down so I loaded more to a 1 mio per both positions - then once they reached breakeven they both stalled -- then I thought 'they are pretty weak maybe I'd better sqaure here and wait and see'
well I didn't square - instead they started free-falling and I kept buying until I had 5 mio Long GBPUSD and 3 mio long EURUSD and then they just kept falling until the dayly range extended to the surprizing 300+ pips in both...
pretty unusual event -- but that doesn't excuse my mistake not to manage my risk thru stops!
well what can I say - just as I fel sure in myself and I thought I had a basic system to trade I lost it all - now again I have to start from a scratch
in the last 6-7 months I turned 10k stake into 57k and it would be even greater since I drew on the account around 21k...
nominal return was 550%
well man, next time please do it better!