College trys again

ammo · Oct 9, 2012

Quote from shopster:

that's our job.

until he eats humble pie and gets his head out of his ass the flogging will continue.

s

he's stubborn and learning it slow, same way we did

oldtime · Oct 9, 2012

Quote from ammo:

you know hold us geezers are,the young guy has to sift thru a lot of rhetoric

I just wantd to see how long he could make it on pure intuition. That's how I started out, but I quickly learned I must at least learn how to operate a caluculator. And the results were not pretty. My intuition was correct 50% of the time (minus the spread and commissions.)

The funny thing is, about everything I have to show for myself was the result of one big trade I just had feeling about.

But I sure as hell beat my head against the wall eaking out a living trading ES and reading every book and trying to learn every indicator.

Sometimes I wonder what it would have been like if I had never read a book, or taken any advice.

oldtime · Oct 9, 2012

Quote from shopster:

that's our job.

until he eats humble pie and gets his head out of his ass the floggings will continue.

s

well, I'll be glad when I finally get my head out of there.

I'm getting my ass flogged. Everything that is supposd to be up is down, and everything that is supposd to be down is up.

If it doesn't turn around soon, the only thing left in the refrigerator will be a stale old slice of humble pie. (fortunately, I bought a whole case of them on sale.)

college ruled · Oct 9, 2012

Quote from GoldenMember:

And the Loss on this one?

Got out quite a bit higher than where it's at now. Thanks in part to that one big winner still positive pips. Moving on to the next trade setup.

GoldenMember · Oct 9, 2012

Quote from college ruled:

Got out quite a bit higher than where it's at now. Thanks in part to that one big winner still positive pips. Moving on to the next trade setup.

Of course you did, No Margin Call along the way? Third thread started, and the common denominator is the big loss in the end which isn't quantified. You are only fooling yourself.

shopster · Oct 9, 2012

Quote from ammo:

he's stubborn and learning it slow, same way we did

i don't remember pissing up a rope and hanging my ass out in the wind as much as this kid.

ammo · Oct 9, 2012

Quote from shopster:

i don't remember pissing up a rope and hanging my ass out in the wind as much.

selective memory?

college ruled · Oct 9, 2012

Quote from GoldenMember:

Of course you did, No Margin Call along the way? Third thread started, and the common denominator is the big loss in the end which isn't quantified. You are only fooling yourself.

I had no choice the first thread was closed or I'd still use that one as my journal. By placing trades here hoping this will help me become a good trader, and hoping to attract the attention from a few of you experienced guys who wish to help a newb like me. I'm learning fast...hardknocks style.

shopster · Oct 9, 2012

Quote from ammo:

selective memory?

oldtime · Oct 9, 2012

Quote from GoldenMember:

Of course you did, No Margin Call along the way? Third thread started, and the common denominator is the big loss in the end which isn't quantified. You are only fooling yourself.

I don't know who you are trading with, but I trade with ib, and even if it is in a paper account they will give you a warning and auto close you out, in a minimum way, just to keep you above the limit. And it is a helluvalot more graceful than what I had to do when I had to call a man at his house in the morning and ask his wife to put him on the phone before he went to work, and he had to skip breakfast and make it to the bank by opening time to wire money to his account to fund his losing position.