I am finished.

Quote from BPtrader:

I don't know how to begin this post, but there is a saying that says: Things come in pairs. Well, today's loss completed that pair.

If you read my post a couple days ago, you know I lost $10,950 last Friday.

To get it back, I shorted 5 lots of CL at $74.20 last night, hoping it to drop to $72. I was confident that this trade would work out, because the entry looked like a perfect lower-high. I didn't have a stop loss, as I was convinced a drop would come in the morning.

But the market went the opposite way and gave me a another blow. When I woke up in the morning, the market already went up a lot, and then I watched the relentless rally this morning IN HORROR, IN DISBELIEF, IN FREEZE, IN PARALYSIS, IN TOTAL DENIAL......

When I finally accepted what had happened, CL already went above $77. It came down a little bit, but it didn't show any sign of sell off, and then it went back up. Finally I accepted the defeat and covered at $77.19, taking a whopping loss of $15,000.

I believe losses truly come in pairs. The only silver lining of the loss of $25,950 is that it made it easier for me to quit trading.
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(Looking down, shaking head, laughing.....all at the same time.)
 
Quote from BPtrader:

I don't know how to begin this post, but there is a saying that says: Things come in pairs. Well, today's loss completed that pair.

If you read my post a couple days ago, you know I lost $10,950 last Friday.

To get it back, I shorted 5 lots of CL at $74.20 last night, hoping it to drop to $72. I was confident that this trade would work out, because the entry looked like a perfect lower-high. I didn't have a stop loss, as I was convinced a drop would come in the morning.

But the market went the opposite way and gave me a another blow. When I woke up in the morning, the market already went up a lot, and then I watched the relentless rally this morning IN HORROR, IN DISBELIEF, IN FREEZE, IN PARALYSIS, IN TOTAL DENIAL......

When I finally accepted what had happened, CL already went above $77. It came down a little bit, but it didn't show any sign of sell off, and then it went back up. Finally I accepted the defeat and covered at $77.19, taking a whopping loss of $15,000.

I believe losses truly come in pairs. The only silver lining of the loss of $25,950 is that it made it easier for me to quit trading.
More...
This after http://www.elitetrader.com/vb/showthread.php?s=&threadid=190983

Forgive me for asking, but when you see shit on the sidewalk, do you have a compulsion to pick it up and roll it in your hands?
 
You are a gambling addict and have no idea what you're doing (if these trades are actually real of course, which I am skeptical of).
 
It was an act of desperation. Most acts of desperation are met with such endings. I've seen it 1st hand.

Time to back away from the keyboard, son.
 
Quote from l2tradr:

It seems like most of you guys that are responding to this nonsense didn't read the sign:
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I agree. I think he just stirs something up and enjoys seeing how people sympathize with him.
 
Quote from Bolimomo:

I agree. I think he just stirs something up and enjoys seeing how people sympathize with him.
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It's a good thing someone set me straight in time. I had penciled in a good cry for 5 o'clock.
 
Quote from l2tradr:

It seems like most of you guys that are responding to this nonsense didn't read the sign:
More...

Worst part about this douchebag (OP) is that he tries to give others trading advice and insults other traders and their methods.
 
Quote from BPtrader:

To get it back, I shorted 5 lots of CL at $74.20 last night
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Was CL really trading at $74 "last night"? I am not able to see the after hour prices. Last time CL traded at $74 was in Sep 2009. CL closed last Friday at $79.66. Can someone verify the $74 price "last night"? I didn't see any news.
 
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