Down to about $90k, where would you park it if your trading skills were trash?

[Snuskpelle]

I’d suggest that you do the same, and that you stop seeking answers on public forum, and instead start hanging around with professional traders. (It’s up to you where to find them

Mostly valid, but to be fair ET does have pros on here, even if they're a small percentage of active posters. But yeah takes some time to learn identifying them

 

[taowave]

He lost 130 and is down to 90..
Not as bad as your example,but it's an ouchie..

Lost amount by itself doesn't mean anything.
Losing $130k on $10M is nothing (1.3%).
Losing $130k on $200k is a hell of a loss (65%)...

 

[taowave]

Dam bro,i was waiting for your sales pitch..you are good..well played

Hello zghorner,

I have one algo that I can sale you. It needs $50,000, and it will make you $500,000 in a year.
I can zoom call you and let you see all the back test and details and what ever you want. I do not have $50,000 right now to risk.

I sale you the algo for about $6000, just do not share with anyone.

You should PM me, so I can show you my algos that require the type of money you have.

You seriously need to talk to some serious ES traders out here man, you sitting on alot of good capital to take risk with. Get an algo.

 

[taowave]

You didnt see this one coming ??

You must be kidding.

 

[ironchef]

You didnt see this one coming ??

No sir.

I am an underdog, always rooting for my fellow underdogs.

 

[SimpleMeLike]

Dam bro,i was waiting for your sales pitch..you are good..well played

Good Morning taowave,

You're more than welcome buddy.

 

[TheDawn]

I'll have a $3k write off for decades lol

The biggest perk of having huge losses. I am still working on making back my most recent losses if it makes you feel better.

 

[TheDawn]

No disrespect to the OP but I find it strange that someone says they lost over 50% last year and is offered a recommendation for a job in the industry.

That's cuz the industry is no stranger to losses and tbh they make even larger losses than us. They just 1) have bigger capital than us and 2) they can get bailouts from the government.

 

[long]

That's cuz the industry is no stranger to losses and tbh they make even larger losses than us. They just 1) have bigger capital than us and 2) they can get bailouts from the government.

Again, no disrespect to OP. What you say is nonsensical. You make it sound like they would prefer hiring a trader with a losing record.

 

[alistera]

Notice how after this guy was called out for talking like he was poor, he upped the notionals by 10x in his posts.

He's just making up numbers.

Coming from yourself who truly understands being poor, you see that is what you would do hence why you mention it, up the numbers to make yourself look good, but what if the numbers were downgraded so that poor saps like yourself could, but still don't understand the numbers involved in trading the financial markets.

Now because your come from that poor background let's say you could recover $130k from a lost $220k account trading similar instruments in a year, which you couldn't, you would take a 20% cut because that is what you believe is the correct value and make your year, apparently you are completely clueless how alpha returns basis works because no one who could recover such an account would take anything less that alpah, such is life