Quote from newguy1:
If the guy could hack it for 5 years, then couldn't do it anymore, he was a trader for 5 years' I'm assuming he was profitable during that time. Unless he just grinded it out with a second job (unthinkable).
BUT WE DON'T KNOW WHAT HAPPENED... HE WON'T TELL US!!! I'm left to believe that he got cocky, and started putting on more size then he could handle, and started screwing up. He won't tell anyone on ET why he failed, he just said he did fail. He expects us to feel sorry for him. I did at first, but now he repeatedly ignores us questioning why he failed, and now everyone should be confused if he was even a good trader or traded for the right reasons because of this.
You don't trade for 5 years profitable, and not invest your savings. If you make 50k a year from trading, a person would be wise and put their returns in a longer term investment with solid returns. They wouldn't keep all that money in circulation with their trading, that would be idiotic. You invest in things for longer term.
If he was smart, he would have had several other investments he had been doing to provide him time to build up more money.
I don't understand how a person can survive 5 years at this and one day blow it.
Here is the options:
1. He got cocky, and started putting on massive size, and now it has come back to haunt him and he won't tell anyone on ET the truth about it.
2. His strategy failed to work, which case he was too lazy to find a new one, or wasn't determined enough to do so, or had HOPED the strategy would continue to work.
3. He got into trading for the wrong reason, and probably shouldn't have lasted as long as he did, but put on massive size and got lucky a bunch of times, very possible.
4. dot-com guy, who's strategy was doomed for failure in a changing and evolving market, which meant his destiny to failure was already drawn.
5....... I'm waiting for his explination.....
CAN SOMEONE PLEASE GET THE TRUTH FROM THIS GUY?
I assume he has blocked me because he doesn't want to answer my questions, so if someone else could copy and paste this in their own thread to get his answer, I'd appreciate it, because I'm wanting to learn from this. It just pisses me off that he won't acknowledge any question in regard to the road to his blowup.
I can't really take anything in this thread seriously now, because we don't know the real story of his blow up.
I'm kinda just disregarding this thread until he actually tells us why he blew up. It just really has me on a limb as to why this guy is ignoring the questions about his blowup.
Truthfully.... If i'm an asshole for wanting information and wanting to help myself, and other newbies on ET, then so be it, I'm always going to be that way and I'll take the BS members of ET give me.
I should switch jobs and be a journalist
I just love trading more than journalism. But I'd like the full story, and when I get the summary of his trading experience, but have no access to the real story, it just ticks me off, and he is obviously avoiding it, if anyone wants to question that, I can copy and paste every thread that the OP has ignored from several members of ET, and not just myself.
I'm not here to argue on ET. But when something isn't right, I'm not going to stop until I figure out what really happened.
I'm just saying if you made some money, despite blowing up in the very end, its ok. Start with 5k, start pulling 100k out of the market every year, leave 30k in account, do that for 5 years, edge goes away, blowup the 30k. Is that failure? Perhaps, but not in the most common occurrence.
Exactly, so why did the OP fail at trading. He HAS to get another job, so he blew out all his money available for trading from the information he has provided us.
The story just doesn't add up, it must be something. Maybe he got burned out and put on massive size and it lead to his failure.
This whole thread is about him failing. We know he did fail, but we don't know
WHY, and that is what I'm interested in.
