Day Trading is a destructive addiction

Quote from BCE:

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. :)
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I think it's actually true, since you don't bring home the bacon.
Even the mailman and the maid mistreat you as you are the underdog?
 
Quote from gettinglucky:

Yer deedn't jest loze yer mind deed ya? :p
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Listen up fellas. I'm starting a series of massage-table fucks of this irritating blonde, "gettinglucky"

Q: What's the difference between a blonde and a rooster?
A: In the morning a rooster says, "Cock'll-doodl-doooo", while this blonde says, "Any-cock'll-doooo."
 
OP, It's pretty obvious you fail at a lot of things at life.

Here's his first post on ET


''
i've owed money to 2 credit cards(both citi) and have been through three collection agencies thus far. i have been late since november.
1) every time a new collections agency picks up my debt does my delinquency get re set so to speak. in other words,it will never be erased after 7 years because every time a new collection agency picks it up,the delinquency starts again when i don't pay them either?
2) i owe 6,000 on one card and 6500 on another..i just recieved a notice from a collection agency saying citi will accept 3k for one of the cards. however,i don't even have 3k. if i can somehow borrow it,is this a SMART way to resolve this and salvage my credit? or should i just file for bankruptcy? i did NOT recklessly spend money on my card,i lost my job and used it to pay utility bills,food,and other things..i could not sell my home..i barley kept my house.
thank you

''
 
Quote from exaltedangel09:

OP, It's pretty obvious you fail at a lot of things at life.

Here's his first post on ET


''
i've owed money to 2 credit cards(both citi) and have been through three collection agencies thus far. i have been late since november.
1) every time a new collections agency picks up my debt does my delinquency get re set so to speak. in other words,it will never be erased after 7 years because every time a new collection agency picks it up,the delinquency starts again when i don't pay them either?
2) i owe 6,000 on one card and 6500 on another..i just recieved a notice from a collection agency saying citi will accept 3k for one of the cards. however,i don't even have 3k. if i can somehow borrow it,is this a SMART way to resolve this and salvage my credit? or should i just file for bankruptcy? i did NOT recklessly spend money on my card,i lost my job and used it to pay utility bills,food,and other things..i could not sell my home..i barley kept my house.
thank you

''
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Bankruptcy for $10k?
Am I right?

Why don't you get a janitorial $24k/y job and pay $500 each month?

$10k bankruptcy?
Don't even have 3 grand?
This proves daytraders are losers.
 
how can daytrading be addicting if you hate daytrading or trading.

i get no rush from trading .

trading swingtrading or daytrading is same sh$t..

daytrading is less risky and less stressful than swing trading or portfolio trading.

life is better not having to hold any position overnight.

only people who can't daytrade would say daytrading addicting or can't make money daytrading.

contrary to popular. belief..most people hate their jobs but still do it.


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?
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I have a robot trading machine that assures me at least $4329.33 daily, beats my wife, kicks my dog and disciplines my son and occasionally smokes my pole.


What is this fcking clownburg?
 
A similar response can likely be expected from a junkie or a smoker...
recovery starts with the acceptance of the situation as it is...not some fantasy....
Quote from tomdavis:

I've been trading for a living for 18 years and daytrading for 11. It's not an addiction for me. And I don't obsess about losses. I'm properly capitalized and a bad day for me is a max 1% loss. Losses for daytraders are just operating expenses, like rent and utilities for a manufacturing plant. You're going to have losing trades and losing days and if you can't deal with it emotionally then you need to find another line of work.

I have a wife and two children. When I walk out of my trading office I put trading behind me and focus my attention on my family.

At this point in my trading career, there's very little "rush" left after a winning or losing trade. I know my statistics. I know my win/loss percentage, average profit on a winning trade, average loss on a losing one, etc.

I can never predict how any particular trade is going to come out; but if I take a hundred trades, I know what the stats are going to look like. I keep comprehensive records of every trade. Unless my statistics change, there's nothing to worry about.
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