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If you meet someone who says they have never blown an account before,they either have been taught risk management early on by a professional trader or they are lying.

Learning to trade is a lot like when babies first learn to walk.It is a new skill that we must learn by experience…..You can’t walk for a baby,they must take the first step,then the next,then the next,until they walk.

In the process,they stumble,fall and even may hurt themselves in the process but it’s just that,is part of the process,you would never tell a baby learning to walk to just throw in the towel because it’ll keep falling,you encourage them to get up and keep trying until they are able to fully walk on their own.

This is how we should approach trading,you are learning skills that are not taught when growing up,so it may take a while and you need to handle some few accounts so as to enable you find your stride.

Almost every trader has blown their account. If they have not, then they have come very close to it. It is an experience that teaches how to manage risk that books and watching other can't teach you. You learn and adapt to it from experience. I am a big believer that you learn better in the live environment than in demo because in demo trading , you can't blow your account and really feel it. It is only in a live trading that you really feel what it means to face risk and manage if after you have blown your account.

In that process, many don't survive.

That's why the most successful and profitable traders are the ones that have never left and never quit.

It's for us to decide if it's enough and if this isn't going to work for us. Those that have lost not just thousands, tens of thousands but even more, can go back on their feet if they know what they're doing.

So you need to crawl before walking.

There are advice from traders to try out with small amount because this is where you take risk, by having risk you will greatly need to put all your focus on this job or lose you lose a capital. Although its a small capital, its something you need to risk else you will not learn to trade.

Losing is unavoidable. They say learning from this loss is necessary for you to take note.

In my circles of traders, all of us have blown our trading accounts before due to several factors such as greed, indecisiveness, revenge trading after a loss, fear of missing out, no risk management strategy etc
A number of them gave up trading along the way after blowing up the accounts, and you can't convince them to trade crypto again  ;D

For us who persisted, we know trading is never something is and there's always potential to make a loss no matter how go the odds might be. What matters is that when you lose a trade, how much of your margin have you lost?

No matter the level of risk management that you may have as a trader what is sure is that account blowing is a sure and frequent thing for most traders because liquidation is part of the experience and from such a tough experience one can figure out a lot of lessons.


I learned to have a bankroll of emergency funds anytime I am trading derivatives this way I can properly service my liquidation price and keep drawing it to its lowest minimum, I learned all this from my experience of several time losses from trading.

If you got liquidated maybe you shouldn’t be trading at all. Why don’t you try something else this time? Hodling is way more profitable if you are a bad trader and since you already blow an account, it means you are a bad trader.

It is very wise to avoid a game which you don’t have any chances of winning. If you don’t make trades you can’t lose. Since you will lose money when you make trades, then not making trades is a win for you in my book.

Buy and hodl. Takes zero effort and victory is guaranteed.

Trading is a business where I’m constantly trying to achieve success but I don’t agree to leave anything even if repeatedly fails. No matter how many obstacles I’ll trade. Where success comes not only through theory but also in real experience. So I’m taking a constant experience. In terms of learning trading, success is not only available in theoretical knowledge but also in real experience. If you think you’ll learn everything in a day, that’s a misconception. In the way of learning trading, we all have to make some mistakes, to endure some damage. These are part of learning. For example, when a child learns to walk, he falls, but he doesn’t stop, stand up again and try. Similarly, trading is also a skill that doesn’t learn in a day, it requires time, diligence and hard work. And that you mentioned that trading ID lost is normal it happened to many. For this you will be protected from losing ID if you are in a security security.

All traders must have experienced it, right? This is part of your experience and all of ours... I have also been liquidated due to careless trading, but it was my own mentality that it was difficult to recover, so trading was not a top priority only occasionally after previously experiencing losses to zero.
I don't want to get into a bigger depression due to trading, but I prefer to invest much safer and not think about market movements.

The best a trader can do is to be trading with small amount of money. An amount of money that he can afford to lose. This is because trading is very risky like gambling.

For anyone that has been trading for 2 years and continue to lose, the person should quit trading. It is better to quit than it becomes too late.

Even if you are being taught risk management, I don’t think there is a way to avoid blowing account as a newbie. If a newbie tells you they haven’t blown account before, then the person might be lying. Trading is not what you can do without losing money, even professional traders do lose money when trading, just that they do make sure their profits is always more than their loss, So just imagine a newbie. When some people decide to start trading, their mindset is that they will never lose, they think immediately you start trading, you will be making money, and their won’t be loss, but things don’t work like that.

Risk management for "blowing an account" isn't really that shocking, you literally don't invest all of your money all at once. How hard it could be that you are right even just a few times in a dozen try that you lose money but not lose it all? Sure, you could be on a bad run and lose in a dozen trades and have nearly nothing left, but in that case the problem isn't a risk management issue, the risk is literally about not having any type of profit at all, and you need to be a better trader.

Nobody in the world could handle being that bad, you need to get better. The part about risk management is just not putting all your money in a single trade, or just a few trades, that would make you a lot better and keep you going.

As a newbie in an industry, you a bound to make some mistakes. Even if you were groomed by the best hands, common mistakes will always happen. It might not get to the level of blowing an account but mistakes are part of the learning process. People who claim that they have not made mistakes because they were well taught might be lying or exhibiting pride. However, we cannot underestimate the importance of adequate training. This is because it will help to reduce the amount of losses.

Many do not recover, they find out about crypto, they see trading as a way to make very quick money, they get in and start trading, lose all of their money, call crypto a scam and walk away; rinse and repeat. You can sound motivational all you want, but the honest truth is that trading isn't for everyone, and for such people, the more they force it, the more they lose and the closer they are to debt.

Hodling will always be a better choice IMO, hodling bitcoin BTW, and not shitcoins.

Actually, in my experience, at first try of trading, even though I know crypto and bitcoin, it wasn't enough to make a good profit in the long run. Without knowledge or skill in trading 100%, it would blow your account. I experienced this, which is why I end up doing it on a demo account, but I don't use a demo account on big exchanges like OKX because it is volatile, and you would notice some big spikes that don't exist in the live market. I use the paper money from TradingView. I do it daily, consistently analyzing the market and testing my entry.

Experience is very important; actually, I've tested many strategies, and every strategy is almost the same; you just need to optimize it a bit and choose where you are comfortable and you feel makes you profit.
The only important thing that I see to avoid blowing your trading account is by mastering the risk management, including how to calculate the lot size and stop-loss and stick with the 1% or 2% rule. I've been testing this for almost a month now. Even though you have a 50/50 chance of winning, if you have 1:2.5 risk, you are still making a profit in 50/50 winning and losing. That's why you need to keep looking at the chart for opportunity so that you know where it goes. Increasing your winning chance will make you more profitable.

@OP, I could say mistakes and experience are one of the foundations you need to learn about the market and how it works. I blew my account before; it's part of my experience, but I always think that I can also do what others do, and all my mistakes are fuel to avoid these mistakes again in the future; that's the part of the learning process.

After ballooning your accounts it becomes a mental challenge to try and overcome the barrier that it will create in your head because you will become afraid and begin to overly second guess your decisions. You may want to become too careful, or even doubt your strategy the more. One balloon accounts may not be as the only result of a bad trading strategy but a bad of risk management. How do I mean?
Your strategy of trading that has been profitable to you will not suddenly be bad if it fails just once. You can call your strategy bad about when it has repeatedly gotten you bad trading results.
The trading market can totally go some ways that even people cannot predict and can lead to blown accounts, this is why Risk management is emphasized because that is only what can help you in times like this when the market go against your predictions even with all your indicators backing your decision. With risk management, you will loose, but it will be controlled.

See there is nothing demo account will teach you aside the way the exchange is been used, you can learn how open, close, set limits, Take profits and stop losses using demo accounts but aside this basics demo cannot teach you the emotions attached with trading.

Aside having the basic knowledge of trading, psychology is the most important part of trading and this is only getting from live trading experience, the decision making process is different. Yes there are many traders that not experience blowing of account because they have learnt trading with proper risk management

This makes sense. That's why most new traders that are just starting are traders that don't stay for a long time, most of them are just good in the beginning, and most of the reason is because they keep losing trades during their early days and some of them are leading to bankruptcy.

But other traders who manage to preserve their capital, even new traders are the one who are being successful in trading because they are still here and never quit.

If you will get the percentage between traders who have taught risk management at their early days of trading journey and those who are lying, around 80-90% of them are lying. On the remaining 10% who had a mentor or in this case, a professional trader on their side, around 80-90% of them at least experienced getting blown by their account by at least 1 time or even more.

It's very, very rare to see traders not losing or at least being liquidated at their first try because most of them lose their money in their first try. Having a pro trader on your side that could help you doesn't mean that you will be the same as him already. You will experience losses along the way, but the only difference is that you will have a shorter route on how to become a successful trader compared to those who are self-learning (like me).

As for how to recover after blowing your trading account, just make yourself calm (which is hard to do because I've been into it), do something that could divert your attention for a bit, and after you've collected things already, think on where did made that mistake, and don't do it again. Trust me, I've blown my account many times already, but I don't want to stop because I want to be a profitable trader soon.

Almost all traders have faced this kind of problem so I think it is better to learn from your own experience rather than focusing on blowing your trading account. Blowing your account can be not only the result of a wrong strategy or emotion but also the result of wrong risk management miscalculation of trade size or excessive leverage. It should be done with a thorough and slow attitude and caution. If you want to use a new strategy or technique backtest it first and test it on a demo account. This will allow you to verify the effectiveness of the strategy before trading for real.

Learning more about trading will be the right answer for someone who blowing their trading account. He need to hold himself from trading like before but find out what his mistake so he can learn better than before. He need to identify what he is lack in trading and search for more lesson so he can fix the mistake and do better in trading.

Trading is not just buy and sell but you need to identify when you can buy and sell so you can make a profit. It is not easy because you can miss the right time to buy or sell so you need to learn more about the analysis in trading. No one can success without skill in trading so you must understand and trying to learn more to be better.

No need to worry if you can not make a profit now because you have more time to profit tomorrow. The important thing is you can have better skill by learning more so you can profit in other days.

I love to go for the second option, I will never believe that a trader exists who has not blown his trading account even if it's just once. That's how we are all welcome into the world of trading, we must all experience this to be bolder, braver and better traders. This helps us to go back to the training table to train more on what to do and what not to do. It is over time we become a better trader when it will now be difficult to lose, but it's provided if we have gotten it right by then, it's not automatic.

Trading platform is a very risky platform, it is better to use a very small amount of money to trade on the trading platform first. Using a small amount of money on the trading platform means that even if he loses, he will not be too hurt and he can control himself by losing that money. When a small amount of money is used on the trading platform, if he loses that money later, he will be able to experience better trading. All those who have become professional traders have gradually gained experience on the trading platform by spending a small amount of money and have acquired trading techniques due to which he has gradually become a good trader. So whatever you do, you have to start trading like a child so that you can walk slowly like that walker.

Knowing on these quietly explains that we should start by using a demo trading account, then later try using smaller amounts to trade which we can afford to lose, the more we do it the more it gets bigger, then from here we continue on using bigger amount base on how we can afford the loss also, but as a newbie, we must start trading from the scratch, also, we have to take time in seeing that we really got prepared for this than when it comes to going for what we can't afford to risk, all these are part of the management practices we must observe to have a good start on trade.

I think that when someone wants to learn to trade, they should do it after the market crash because, during a bull market, everyone profits and this gives traders fake confidence, which will result in the worst financial situation in my mind.
I started trading in 2020-2021 and I gained a very big profit but I quickly lost them because I wasn't emotionally very stable and I always wanted to immediately gain back what I lost. Over time, I learnt that I don't need to make all of my profits today or tomorrow because I'm gonna live for a few more decades, so I decided to dedicate myself to long-term holding instead of day trading. Now, I only buy and sell a few times a year and I'm much happier with the results, my stress level is also very low.

It seems like they are lying, because even a professional or someone who claims to be an expert must have had their account blown, don't believe words that only talk about their trading success, you can't possibly be in a good time, because there are forces in the market that are difficult to predict.

Always learn and keep learning even after years of being a trader, and don't forget to evaluate our trades so we know what the mistakes are.

You are right, there is no way that in future trading a trader have not blown their account, as once I also blew my account but after that I left future trading because the chances of blowing account are higher in future trading but in spot trading the chances are not that much, because if we will invest in good coins which are long term, then even if we by the fortune of market, end up in bear market we can wait for the next bull run, and even can make profit.

The baby example is really relatable here, a baby just don't learn skills in mother's womb, they have to learn it by practising, and by falling, and but all this time they were having support right, so we also have to admit that we can't survive on our own (not necessarily) but with some help life can be a little easier and stress free.

Blowing a trading account is routine that happen everyday in the market, the victims of losses are not always favored to reach the prominent phase. Losses are unavoidable in the system. All my years of trading, I've never come across a trader that have not recorded a loss in trading, its compulsory for anyone to record a loss.

Professional traders are in possession of vital information, taking concrete information that will keep them on the appropriate track. They do record losses but it's ultimately minimized, they learned their mistakes each time its been trigger unlike the newbies that have zero knowledge on the basis of the market.

They have no consistency.

And they think that trading cryptos are that easy. But that's a disrespect to the good ones out there. They need to understand how much money they've lost before they have become profitable.

Also the time that they have allotted into mastering these trades and have better winning accuracy. The newbies that sees that it won't take them longer are likely the ones that quit and have lost a couple of pennies and loses their enthusiasm.

I do tell my real life or trading experience..

Before i do pass up my prop firm trading account then i have blown out 5 challenges before i do able to pass up my account on which i could definitely say that acquiring up such success isnt something that would really be that a smooth path to take. You will definitely be experiencing tons of challenges and failures along the way on which i could really say that it is really that part of the process, it is really just that depending on how you would really be accepting it out and taking those learns upfront and wont really be giving up so easily. The main question on here is on how you would be able to sustain yourself? This is really that something that will really be getting in line with someones risks tolerance and emotional tolerance because each person will really be that different when it comes into this aspect.

Once you do able to encounter up such mistakes then you would definitely be trying out to apply it out into your current dealing then adjust accordingly. If you wont learn then you wont really be seeing any progress.

Emotions are different during demo trading and when you’re finally in live trading. If you are still good in controlling your emotions when you’re at loss during demo trading, well it’s very different seeing your account turning into losses during live trading. This is why real trading experience is a must. And it takes more than one loss before you will realize and learn trading the hard way.

Naah mate it doesn't work that way with trading, there are lots of professionals traders today who ones blew their accounts severally before getting better off and started having more successful trades to losses. Before you would be having a blown account you would have gotten much experience with each mistakes that led to the account blown, and it's those experiences put together that carves out a better trader.

Gambling isn't a game that you'll have to abandon because it didn't work out for you after a first two trials, except you had never really wanted to be a trader but just wanted to add to the numbers.

Future trading is so risky! It's scary, I did it a few times, and I almost crashed out and got out by skin of my teeth and I did demo and every time I did demo I crashed to zero and had to reload and try again. I do spot trading and my rate of being wrong isn't as bad as futures.

I know they are the same thing because if it goes down then it goes down for both and if it goes up then it goes up for both, and somehow, whenever I buy spot because I think it will go up, it's likely to go up, and whenever I sell because I think it will go down, it mostly goes down, futures isn't like that because at futures when I open long then there is a big chance it goes down and whenever I short then the price may go up, don't know why I am good at one and bad at the other.

I wish all traders that gave up in their trading journey are going to behave like a baby that is trying to learn how to walk, those babies never give up and keep trying irrespective of how many time they fall down, they still get up and try again until their feet are strong enough to hold them and walk through the phase of life. Traders give up easily after some few failure along the learning process which is a part and parcel of becoming a good trader.

Blowing one’s account is what I think all traders have done before and you can’t because if that conclude that you can’t make it through trading or trading is a risk gambling venture. With time you grow, those failures and blowing of account are part of the process you need to first understand and be okay with it, very soon you’ll find an edge and all that will become story for another day, like you never struggled tht hard to make it to that stage in trading.

Yes, you're right. As a rule, they begin to study the risk management strategy after they lose their deposit. About the same thing happened to me, I started studying and trying to adhere to a risk management strategy after I lost most of my deposit.

And the more the risk the more the profit some times, when it comes to trading we are suppose to know the kind of dangers that it comes because trading is not something that is easy it is very technical and if you don't pay attention then it is as good as nothing so you need to pay a lot of attention to what you are doing so that you don't lose your money because of lack of attention that is suppose to be given for traders but no we rather focus on the money which is not suppose to be so because when you choose monthly over knowledge then you face more challenges because you will be lost, we know it's not easy to want to learn but it will be betterment. And when you are consistent about all this then it is better because you will even gain more experience because there are people that all they trust in is not more than trading signals.

This is not new to trading. Everyone can blow their account most particularly for beginners. That’s why there is a step by step process in trading. You don’t rush to trade just because you are hunger for profits, but you need to give it a time learning the basics, learn from the experience of early traders, and most of all learn from your own experience.

There is no perfect trader, and that anyone can lose in the process. When this happens, it only means you need to improve your trading performance. Be more skillful and strategic, and of course be more patient and do more good in doing technical analysis, probably you can start increasing your potentials as a trader from there.

Take a break, seriously. There is a thing called 5 stages of grief, I won't go into detail since most of you know about it. Basically, you aren't cool-headed enough to do any more trade after taking a huge loss on your trade account. The more you want to jump back right into trading, to recover the loss, the more likely you are to make mistakes. Sometimes, you've to take the loss straight at your chest and need to move on. But of course, easier said than done.

Trading is risky but if you include the word 'platform', that becomes subjective already since there are lots of trading platforms in the space and then there are legit and scam trading platforms.

I think it was actually when we lose huge is where we can learn our lessons more successfully.

As a starter, yeah that it is a must to start with a small amount and gradually increase it only once our knowledge increases too. I can see that you use 'walker' there as your example but not all babies uses it and yet they still can walk properly. They have more advantage in fact. Now in terms of trading, mentors must be our walkers.

Has a trader, there is no way you are not joking to blow your account before you become a pro trader.
Trading is not just about trying to make money from the financial market. You need to have some experience which will make you strong when it comes to making decisions in the market. Trading is not just about making money in the market, you need to know what you are doing and learning and become part of trading which everyone need to accept to become a profitable trader in a long run. I know that there are some people who believed that you can never make money from trading which is a big lie.

That's right, I did not knew at start how risky Future trading was, as my first trade ever was in future AFAI remeber, therefore the risk was not that much to me, and the first spot trade I made was in Gala token hehe, and I also made lose from that, and I also made lose in future trade too. But after a day I made profit from future trade and at the end I rekt my account and after that I never went that way because I was just fed up.

In future, exchanges mostly manipulates, and what you experienced is just a indication that, in spot we don't have liquidation gun on our heads but in future we are on gunpoint with this liquidationand the pressure is huge and we emotionally disturbs our trades and plan too.

It looks strange to me when, after a successful trade, a decision is made to stop trading. Most people come to this conclusion when they have already lost several deposits and realize that trading brings only losses instead of profits and, accordingly, it is better to stay away from the trading terminal.