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How much money have you lost before figuring it out???
- Thread starter jinxu
- Start date
I lost money on trading. I lost money on trying lots of software. I lost money on education. I lost money on data feeds that I didn't need to spend a penny on. I lost money by not earning anything for several years while I developed a profitable trading method. I lost money developing software.
When I add it all up it comes to around the $500K mark.
If I had understood the mental, emotional and financial cost, the dedication and time required and the opposition of friends and family members in the darkest hours I would never have embarked on this mission.
Being stupid yet clever, bloody minded but dedicated, naive but investigative, creative but off field, I can now reap the rewards of ridiculous returns for casual effort because I have indeed figured it out. The world is my oyster and I can trade what and where and when I want. I paid my dues and the money I lost was the easiest part.
When I add it all up it comes to around the $500K mark.
If I had understood the mental, emotional and financial cost, the dedication and time required and the opposition of friends and family members in the darkest hours I would never have embarked on this mission.
Being stupid yet clever, bloody minded but dedicated, naive but investigative, creative but off field, I can now reap the rewards of ridiculous returns for casual effort because I have indeed figured it out. The world is my oyster and I can trade what and where and when I want. I paid my dues and the money I lost was the easiest part.
Quote from Xspurt:
I lost money on trading. I lost money on trying lots of software. I lost money on education. I lost money on data feeds that I didn't need to spend a penny on. I lost money by not earning anything for several years while I developed a profitable trading method. I lost money developing software.
When I add it all up it comes to around the $500K mark.
If I had understood the mental, emotional and financial cost, the dedication and time required and the opposition of friends and family members in the darkest hours I would never have embarked on this mission.
Being stupid yet clever, bloody minded but dedicated, naive but investigative, creative but off field, I can now reap the rewards of ridiculous returns for casual effort because I have indeed figured it out. The world is my oyster and I can trade what and where and when I want. I paid my dues and the money I lost was the easiest part.
+1
Exactly, precisely.
Quote from Xspurt:
I lost money on trading. I lost money on trying lots of software. I lost money on education. I lost money on data feeds that I didn't need to spend a penny on. I lost money by not earning anything for several years while I developed a profitable trading method. I lost money developing software.
When I add it all up it comes to around the $500K mark.
If I had understood the mental, emotional and financial cost, the dedication and time required and the opposition of friends and family members in the darkest hours I would never have embarked on this mission.
Being stupid yet clever, bloody minded but dedicated, naive but investigative, creative but off field, I can now reap the rewards of ridiculous returns for casual effort because I have indeed figured it out. The world is my oyster and I can trade what and where and when I want. I paid my dues and the money I lost was the easiest part.
+1 well said
"From age 21-23 I accumulated day trading losses of over $250,000. I traded with money from loans as well as trading my motherâs account (to the tune of 150K in losses). Now Iâm trying to get out of debt."
http://www.debtkid.com/about
http://www.debtkid.com/about
I have been at it on and off for almost two years.
I think I have lost $800.00 gross on a 25K account overall (plus another 2K in fees trading pretty small size - and I am happy that for a went with a prop firm, because by now I would not had any capital to trade, since several months I couldn't trade my way out of a paper bag.
I think the process has gotten a lot better in what I do now - much better planning, next to zero impulse trades - no overtrading - and just sticking to my trade parameters in a very well written trading plan.
Now if I could just get the market to get out of its own way I would probably do a lot better and start sizing up....My strategy is based on stocks to follow through, so on tight range days I will usually lose or be b/e - and on days when things go well - my p&l will be happy too....
I have a job that pays the bills and I am solely interested of perfecting the process in what I do.... I don't care much about the p&l on a day by day basis to be honest.....
I think I have lost $800.00 gross on a 25K account overall (plus another 2K in fees trading pretty small size - and I am happy that for a went with a prop firm, because by now I would not had any capital to trade, since several months I couldn't trade my way out of a paper bag.
I think the process has gotten a lot better in what I do now - much better planning, next to zero impulse trades - no overtrading - and just sticking to my trade parameters in a very well written trading plan.
Now if I could just get the market to get out of its own way I would probably do a lot better and start sizing up....My strategy is based on stocks to follow through, so on tight range days I will usually lose or be b/e - and on days when things go well - my p&l will be happy too....
I have a job that pays the bills and I am solely interested of perfecting the process in what I do.... I don't care much about the p&l on a day by day basis to be honest.....
Equally important question....How much time....who would have believed one was willing to give it so much time 'to get it'....:eek:
NiN
NiN
Quote from Xspurt:
Being stupid yet clever, bloody minded but dedicated, naive but investigative, creative but off field, I can now reap the rewards of ridiculous returns for casual effort because I have indeed figured it out. The world is my oyster and I can trade what and where and when I want. I paid my dues and the money I lost was the easiest part.
Nice!
Not sure how much I lost... a lot (to me). I'm down 2k... so I'm done for the year with real money