Day Trading is a destructive addiction

[NoDoji]

Quote from deadbroke:

- akin to Price entering a celestial no-resistance zone.

db, you outdone yourself. This is by far some of the finest trader porn I've ever read.

 

[BCE]

Quote from HolyGrail:

I beat my wife, and kick my dog regardless of the day's profitability.

My wife slaps me and the kids kick me and the dog bites me regardless of the days P&L..................................................kidding, but could be true. Single.

 

[Bolimomo]

Quote from NoDoji:

db, you outdone yourself. This is by far some of the finest trader porn I've ever read.

LOL! Can't imagine what a "climactic price run" is like!

 

[candletrader]

Quote from riddler:

i got news for you. when you get sucked into the trading addiction you cannot concentrate on anything else. you honestly think you can sit down and spend quality time with your children after a big loss?
you honestly think you can enjoy your weekend after a bad week?
you honestly think you can have a normal conversation at a dinner party knowing that the stock you own is getting crucified after hours on some bad news?
you honestly think you can pay attention to your wife when you left your trading platform just for a few minutes to get coffee and your stock dropped 2 points?

of cours every occupation has ups and downs but NOTHING AND I MEAN NOTHING COMPARES TO THE ADDICTION AND RUSH OF TRADING..does trading give you a rush? when you lose i bet you cannot wait to make that money back? i bet when you go through all your capital you are thinking of crafty ways to refill your trading account but of course this time will be different. this time you will "stick to your discipline"..hahaha,,yeah right !!! if you only listened to your gut!!! another joke. i hear that at the casino's all the time. oh yeah,you do research,you look at charts,trading is different than black jack..oh it is !!! no it is not. being an engineer or a bisness owner is different than black jack.

TRADING IS GAMBLING,ALBEIT CONTROLLED GAMBLING BUT IT IS STILL GAMBLING AND MOST LOSE EVERYTHING AND MOST CANNOT STOP UNTIL THEY SAY THIS FAMOUS LAST SENTENCE:" I AM REALLY GIVING UP ON TRADING,I JUST WANT TO MAKE MY INITIAL INVESTMENT BACK AND THEN THATS IT!!".
hahaha,thats the same thing a gambler says in vegas. i've seen hundreds of guys lose everything. go ahead and read all those books,watch all those video's,listen to all those guru's who made millions trading// trading at a prop firm and trading ONLY the firms money is totally different and much more controlled. give it up and get a normal job or open a business, trading is a dead end street. admit it and get out now while you are still young and don't listen to the clowns on this board who preach DISCIPLINE,thats another famous wrd used by gamblers.
focus on being the best you can be and enjoy life. can you really enjoy life being on top of the worldone week and on the brink of suicide the next week? ask your self this..does this sound like you?

I think that you need to see a shrink.

 

[d08]

Quote from outsource:

" Genius is one per cent inspiration and ninty-nine per cent perspiration"
Edison, Thomas Alva...

I guess that is why he came out with DC which was inferior to AC, maybe he needed 2 percent of inspiration instead...
Anyaway, you shouldn't quote a pervert/idiot. Here's one from someone who is actually smart:
"Our virtues and our failings are inseparable, like force and matter. When they separate, man is no more."
Nikola Tesla...

 

[syswizard]

Quote from candletrader:

I think that you need to see a shrink.

NO, he's actually right. I've seen many traders blow-up and it is usually from lack of discipline, BUT NOT ALWAYS. I've seen the cases where the traders used tight stops resulting in only 1 out of 4 trades ending up a winner. They ended up losing in a slow, painful way...like bleeding to death from a thousand small cuts.

I think the key here is that :
1) you've got to have a systemized, proven approach with a positive expectation.
2) You can't trade with "scared money".
3) You've got to monitor your performance carefully and make adjustments when the numbers call for it.

Sounds simple, but is is not. What you want to avoid is the two extremes I've seen: massive blow-ups and terrible win rates.

 

[deadbroke]

Quote from riddler:

i got news for you. when you get sucked into the trading addiction you cannot concentrate on anything else. you honestly think you can sit down and spend quality time with your children after a big loss?
you honestly think you can enjoy your weekend after a bad week?
you honestly think you can have a normal conversation at a dinner party knowing that the stock you own is getting crucified after hours on some bad news?
you honestly think you can pay attention to your wife when you left your trading platform just for a few minutes to get coffee and your stock dropped 2 points?

of cours every occupation has ups and downs but NOTHING AND I MEAN NOTHING COMPARES TO THE ADDICTION AND RUSH OF TRADING..does trading give you a rush? when you lose i bet you cannot wait to make that money back? i bet when you go through all your capital you are thinking of crafty ways to refill your trading account but of course this time will be different. this time you will "stick to your discipline"..hahaha,,yeah right !!! if you only listened to your gut!!! another joke. i hear that at the casino's all the time. oh yeah,you do research,you look at charts,trading is different than black jack..oh it is !!! no it is not. being an engineer or a bisness owner is different than black jack.

TRADING IS GAMBLING,ALBEIT CONTROLLED GAMBLING BUT IT IS STILL GAMBLING AND MOST LOSE EVERYTHING AND MOST CANNOT STOP UNTIL THEY SAY THIS FAMOUS LAST SENTENCE:" I AM REALLY GIVING UP ON TRADING,I JUST WANT TO MAKE MY INITIAL INVESTMENT BACK AND THEN THATS IT!!".
hahaha,thats the same thing a gambler says in vegas. i've seen hundreds of guys lose everything. go ahead and read all those books,watch all those video's,listen to all those guru's who made millions trading// trading at a prop firm and trading ONLY the firms money is totally different and much more controlled. give it up and get a normal job or open a business, trading is a dead end street. admit it and get out now while you are still young and don't listen to the clowns on this board who preach DISCIPLINE,thats another famous wrd used by gamblers.
focus on being the best you can be and enjoy life. can you really enjoy life being on top of the worldone week and on the brink of suicide the next week? ask your self this..does this sound like you?

Keeping it simple can result in good trades. When in a funk, throw up a prayer to Mother Serendipity. Then take a break. Like Love, Inspiration comes softly, humbly and yes, serendipitously


Mary, a successful currency trader seemed to have lost her magic touch. Struggling for months and consulting with several pros failed to shake her out of her funk. Dejected and forlorn she took a long trip into the mountains to get away from it all.

A week later she is returning home when she sees an Apache woman hitchhiking.

Because the trip had been long and quiet, she stops the car and the Apache woman climbs in.

During their small talk, the Apache woman glances surreptitiously at a brown bag on the front seat between them.

"If you're wondering what's in the bag," offers Mary, "It's a bottle of wine. I got it for my husband."

The Apache woman is silent for a while, then nods several times enthusiastically and says, "Good trade."

 

[riddler]

WOW, THE FUTURES ARE SURGING,EVERYTHING IS UP A POINT ON SOME GOOD BANKING NEWS. SHOULD I BUY THE OPEN OR SHOULD I FOLLOW MY DISCIPLINE AND WAIT FOR A PULL BACK?
DAMN,THERE IS NO PULL BACK I GOTTA GET IN QUICK..DAMN !!! ITS PULLING BACK,I KNEW I SHOULD OF WAITED.
WAIT,I CAN'T BUY NOW,I'M DISCIPLINED AND WILL WAIT PATIENTLY FOR A PULL BCK. DAMN,ITS SURGING,THERE IS NO PULL BACK. I KNEW I SHOULD OF JUMPED IN.
I'M JUMPING IN,I WILL USE A TIGHT STOP,DAMN,MY STOP WAS TOO TIGHT,IT PULLED BACK AND JUMPED AGAIN. I NEED TO GET BACK IN WITH A WIDER RANGE FOR A STOP. DAMN,STOPPED OUT AND NOW ITS DROPPING,I'M GONNA SHORT. DAMN,ITS SURGING AGAIN...I AM GETTING SQUEEZED,I KNEW I SHOULD OF STAYED LONG.
c'mon,guys. its gambling.no matter how disciplined or how calculated you are. in the end the only thing you will have are a bunch of war stories as to how you blew up your accounts but re grouped and followed a stricter discipilne/style.

 

[BCE]

Quote from deadbroke:



"If you're wondering what's in the bag," offers Mary, "It's a bottle of wine. I got it for my husband."

The Apache woman is silent for a while, then nods several times enthusiastically and says, "Good trade."

We appreciate your posts db

 

[BCE]

Quote from riddler:

WOW, THE FUTURES ARE SURGING,EVERYTHING IS UP A POINT ON SOME GOOD BANKING NEWS. SHOULD I BUY THE OPEN OR SHOULD I FOLLOW MY DISCIPLINE AND WAIT FOR A PULL BACK?
DAMN,THERE IS NO PULL BACK I GOTTA GET IN QUICK..DAMN !!! ITS PULLING BACK,I KNEW I SHOULD OF WAITED.
WAIT,I CAN'T BUY NOW,I'M DISCIPLINED AND WILL WAIT PATIENTLY FOR A PULL BCK. DAMN,ITS SURGING,THERE IS NO PULL BACK. I KNEW I SHOULD OF JUMPED IN.
I'M JUMPING IN,I WILL USE A TIGHT STOP,DAMN,MY STOP WAS TOO TIGHT,IT PULLED BACK AND JUMPED AGAIN. I NEED TO GET BACK IN WITH A WIDER RANGE FOR A STOP. DAMN,STOPPED OUT AND NOW ITS DROPPING,I'M GONNA SHORT. DAMN,ITS SURGING AGAIN...I AM GETTING SQUEEZED,I KNEW I SHOULD OF STAYED LONG.
c'mon,guys. its gambling.no matter how disciplined or how calculated you are. in the end the only thing you will have are a bunch of war stories as to how you blew up your accounts but re grouped and followed a stricter discipilne/style.

Funny that I was reading this post and didn't notice it was you who posted it. I thought it was someone mocking what might be your own trading strategies that would account for your original post. Then I noticed it was your post. That's not how my trading goes, bro. If that's your own experience then that does explain where this forum originated from in the first place.