and further moreQuote from oldtime:
glad you asked, I certainly didn't quit because I had finally made enough money
that is a very stressful lifestyle, ok for a young man, but I got a late start and already was older than most scalpers
most my age had large positions in stocks, and in those days, they made more in one day than I made in a year scalping for $12.50
but it was crazy, and I would put them on and take them off all day long, but occasionally I would end up net long or short on the close
and I saw just how much you could make or lose holding just three es contracts over night
the reason I can call myself a succssful es trader is
when I got divorced, my good mortgage which was almost payed off, got decimated when I had to refinance at the top of the housing market to pay her off
I had worked real jobs in the past and were IRA protected, and they got cut by 50%
Even my trading account got cut by 50%
I quicky found a new girlfriend
and she wanted me to travel with her
but I was watching es
and I knew a big trade was coming
it hadn't been doing shit for the longest time
so the time came, she was putting pressure on me to go to Mexico with her, in her 3 cylinder chevy with her new as yet untrained puppy shitzue
so I just put it all on long es and turned the computer off
by the time we got to Vera Cruz, I went to an internet cafe, and checked my IB account.
and there it was, with my old trading screen set up just like the way it always was
and I knew, I would never have to worry about money again
I would like to tell you that I closed it out right there and then
But I waited until I got back to USA
By then it had pulled back a bit
and I got home to my old office and got flat
and for five years, I never read a newspaper (except the sports page) Never checked the market (even though I still had a position in a Vangaurd S&P 500 fund) never knew about the crash.
Just totally chilled out
Thank G-d I finally got alone again
and started trading again
which apparently is all I'm cut out for
Lord knows I certainly didn't succeed at anything else I tried