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daytrader loses it all.
- Thread starter S2007S
- Start date
Am I the only one who thinks the way this story is written is suspicious? The drama and the words this trader speaks seem a little <i>too</i> sentimental to not be contrived. Not that I doubt this kind of thing happens all the time, of course.
If you've ever spent some time in Asia you know how these PSA-as-news pieces are more common than in Western media.
If you've ever spent some time in Asia you know how these PSA-as-news pieces are more common than in Western media.
Man that just hurts. No lovey, no kissy, on top of the rest..damn...To add to his woes, his girlfriend of eight years has also walked out on him, disappointed by how his gambling had cost him dearly.
And he doesn't even get to trick out his Civic. But you can still dream...
http://tinyurl.com/2ccwp5
Did you not read the article? He got the idea from a friend during a study session.
This goes to show why day trading got such a bad rap!!! It is not for everyone and just because he made a few bucks on a few trades does not mean it is a profession for him.
He's got issues and hopefully this bath will teach him how to deal with them the proper way. Give him the number to Gambler's anonymous.
He's got issues and hopefully this bath will teach him how to deal with them the proper way. Give him the number to Gambler's anonymous.
I got nuttin on this but ouch. I thought my $25,000 of tuition was a lot.
CajunSniper / Puretick.com Administrator-Trader
CajunSniper / Puretick.com Administrator-Trader
Quote from ElCubano:
Only difference is Soros " the man who broke the bank of england" was on the correct side of his huge and i mean f**king make or break huge gamble on currency... which he made a hefty $1billion profit. the guy is a genuis...had he been on the wrong side we'd be saying what a fool he was... im not saying anything about money management ..Im just saying many of your Gurus have made ludicris gambles and made a name for themselves...and some have been blown out of the sky....peace
If you read enough about Soros' life you will know his account was wiped out more than once when he was young.
Quote from poohbear:
If you read enough about Soros' life you will know his account was wiped out more than once when he was young.
Lots of people who trade have encountered this I think ... the "going broke" trade turns up in a lot of the Wizard books.
Soros had the benefit of seeing survival skills at work in Hungary and he has talked about the sensation of losing a great deal of money in his personal trading while employed as a security analyst, before Quantum.
Somehow risk management only becomes part of your DNA after you've had a brush with financial death.
We're just not programmed to deal with risk dispassionately. Behaviourist will tell you human beings are risk loving on the downside and risk averse on the upside.
[quote from fractal]
Am I the only one who thinks the way this story is written is suspicious? The drama and the words this trader speaks seem a little too sentimental to not be contrived. Not that I doubt this kind of thing happens all the time, of course.
Have you read the whole thread? The same thought have occurred to me that they sure picked a good timing to publish this story.