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Rread the literature (market wizards and so on) Theory is one thing, practice another one. If you survive long enough practicing you have a good chance to become a consistenly profitable trader. In the end it is a lot about you, you personality. For me the markets I am in are like mirrors.

Sorry, forgot to say: Happy birthday! The old russian writers described heros in their novels often as " a man in his best years, just 53 years young and he is going to marry now the duchess of ...", a 19 year old kid. So, life just started (with some more expericences) :)

Gosh, why are you posting this on ET??? You should speak with someone close to you anbout it. And - I suppose you are trading - the only advice I like to give is: Stop trading for a while or trade very small. Experiences like this will affect trading. And you should protect yourself against it.

Isn't the saying hogs get slaughtered.. :D Sorry for that, bighog

What you say should be striking obvious, but obviously it is not for quite a lot at ET and in the markets. There is no free lunch. You are trading risk. People tend to forget it, espec. if they win big. You have to pay for it and you pay in risk units. The problem for most is that they do not...

So it sounds to me, too. This guy proves himself as a bad loser, smashing chess pieces... Hm, very often, bad losers lose very big sometime.. By the way, as far as I know George Soros is not a bad loser, he is a quick loser. Losing is an art only a few can conceive.

Quite right! Anyway, 7k fills just the fine gap between the teeth of you sharks out there... :D

Sure it can be done. And it is easier to make a lot money in the markets fast than to make a steady income with no big draw downs. We are trading risk units. So watch you step, fat tails lying around covered by all the money you made perhaps.

:D :p :D Thanx guys for this funny thread! It is always welcomed, especially when my markets are in creeper mode like right now. And I am really impressed what super traders are posting on ET. 100 % in 6 months or even in 2 or 1 month! Real big swinging dicks! But be careful to not...

Couldn`t imagine that this thread becomes so much fun. Thanx, Jack, you are one of kind.... :D

:) :p :)

Has anyone else the same issue with the IB TWS this morning?

Sorry, but that's big BS. You have to lose money in order to win money. You have to lose some battles in order to win the war.

Don't think about winning or losing. It is all about performance. Trade risk. And be always a beginner - self-disciplined and detached in your training.

... and not saying goodbye...

It's all about price and TIME. I use time limits combined with price stop losses. I structure my trading in timeframes. It needs a lot of time to grow. A lot of time I repeat my mistakes, but over time I can avoid my mistakes better and better. Time changes everything.

IF I don't get you wrong, it should be really simple: Just put a GTC Stop limit order and cancel it after the open. If you need further hep call 00800-IBBROKERS:

Take some of th 10k$ you won and start trading. Then you gain experience.

Yeah, great! We have a scapegoat! Hey, what he or Vlad or whoever is doing seems to be completely legal. So what is the problem anyway? They have an edge with their trading and some suckers have to pay them for that.

Candeo, the easiest way to make money on the long timeframe is to buy the indices - every month the same amount and over the long run you will be profitable if the economy is churning along for the next decades. If you want to beat the benchmark (not the market!) it is not easier on the longer...