Can I hear about your worst trades ever?? Everyone will freely talk about their best ones...

Spent the first half of my 20's barricaded in the math library and figuring out why stuff broke on the trading floor. All the while I could've been a transient going from Cali to Colorado to BC to Alaska skiing. One thing about time and by extension youth is that you really can't get it back. I checked all the boxes and now I kinda wish I had the balls not to. I should be thankful because I've benefited from a lot of luck and the generosity of others along the way, but the question "why am I doing this" remains a tough one for me to answer.
 
PennySnatch said:
If I told you guys how I used to trade and how much money I've lost doing it you would ban me from the forum. Seriously.
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For whatever you did, TRUST ME there would be people here who's done worse however you define "worse". We won't push you if you really don't want to tell, but really you've got nothing to worry about.
 
It was 2009, maybe around Aug. Amazon was a rather modest stock back then. One day, in one day, it went from $90 to about $130, on no news I knew about. I shorted the shxt out of it using close to expiration options. I double, tripled, whatever. Amazon never looked back. I just kept going up. I lost about $100,000 in less than 2 weeks.. Took me a day or two to recover. But now when I see I have a position down about $10,000, it is all chump change.
 
lawrence-lugar said:
I really have had no bad trades, atleast in recent modern years.

My worst trades all hovered around when I was an amateur in 2008/09 -- when I jumped into the market headfirst.
I made every rookie mistake in the book.

I held onto a couple losing trades...hoping and praying and convinced they would go back up.
And, more or less, as just my luck would have it...they rebounded, kind of, just as I have sold them.

Back then, I was just a jackoff gambling...into the Quarterly Earnings game with stock :wtf:, :banghead:
I would essentially go all-in and pick a side. Ride the wave, and immediately cut losses. Simple enough, right?

I have definitely wised-up my game since then. and maturity. and market wisdom. -- and overall tactics.

Ten years since that point, now in 2018...I am Making Trading Great Again...High-Five`
I am so glad I can teach my expertise wisdom to every ET, extraterrestrial trader, here.
I need a medium-rare porterhouse steak, and salad, and double espresso. and whiskey.
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When LL. When will we see how you trade and when is your book coming out?
 
SteveM said:
In 2014 I did some backtesting and came to the conclusion that Chinese stocks were due for a big bull move, So I bought $50,000 worth of a 2X leveraged China ETF (XPP), and bought some on margin as well. Ten months later and my $50,000 was up to $160,000. I also bought some for a family member as well - at one point the combined position went up $75,000 in a mere 2 weeks. Things were really going well.

Over the next four months I rode my entire position all the way back down to my initial $50,000 without realizing a single cent of profit. Lesson learned.
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What did you learn?
 
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