Huge Losses

Half way down the first page I am thinking, what is this....turn second page, back to the library!.... Twenty six pages later, I'm questioning the sanity of ET!

Moderators' required. Apply within.
 
Quote from wanderer:

Does the guy really deserve help ??
More...

Why not...?
There is many traders who at the beginning were doing things inversely but after ears of study and practise they become successfol...
 
This guy Ripley has been receiving bucketfuls of good advice on ET from professional traders and he still seems to be hell bent on doing the exact opposite of what's been advised.

anyway, i wish him the best. Going by his approach, he'll surely need loads of luck to survive the tough road ahead.


Quote from jerry11901:

Why not...?
There is many traders who at the beginning were doing things inversely but after ears of study and practise they become successfol...
More...
 
Quote from Hydroblunt:

So where is our hero?

Did he blow out already?
More...

Fighting hard out there. +$55 Today.

Just trying to take only the sure things. Had 9-10 trades, 8 of them break even, one winner of +$110, and got stopped out of one for -$50.
 
Quote from Ripley:

Guys,

Sorry for not updating. I guess you all knew the eventual outcome, but just didn't know when. Well, I don't know when either. But, I am -$390 for the last two days. And that should make it around $700&some change in my account. Don't know the exact numbers since the Account Statement is not out yet.

That is because I am so close to the margin requirement for one contract that I am afraid to take a stop and I am getting my ass handed to me out there. Some other key issues are, I don't have the discipline to adhere to my stops and I don't have the patience to wait for high probability trades.

The first goal for me is to raise some more money so that I could have a bit more breathing room. So, I am selling couple of things on eBay, and trust me I am selling them for real cheap to what I paid for them so I think they are a steal. Even if you don't need it, please buy it and support an aspiring futures trader. Because I need some money fast, I have it listed for only 5 days and please add this to your eBay watch list.

Help a fellow trader out!!! :D

Thanks.
More...
Not to make your plight more difficult, but saying "I am selling them for real cheap to what I paid for them so I think they are a steal' I'm not sure about. Trader's Library just had a megasale on many of these tapes for $9.99 each about a month or two ago which I'm sure many people here know about. FWIW, I'm a PowerSeller on eBay and resold some of these myself to pay for the ones I wanted to keep. :) There's been a lot of really good advice given to you in this thread. It's your choice to follow it, learn from it, or flame out. Sometimes it's better to keep the meager money you have to live on so you won't end up homeless and in the meantime go and find some real world work and save enough money to trade again in the future. But the problem is you're making so many mistakes that until you take the time to learn you'll never really be successful trading. When you're in the middle of it perhaps you can't see this. And some people really do have to learn the hard way. I really do wish you well though. I mean that sincerely :)
 
You must log in or register to reply here.
Back
Top