I am finished.

[ammo]

Quote from OptionsCharm:

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.

http://www.elitetrader.com/vb/showthread.php?s=&threadid=191240&perpage=6&pagenumber=2

 

[FredBloggs]

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.

 

[BPtrader]

I am in pain:

http://www.flickr.com/photos/gahsoon/2734308801/in/photostream/

but you laugh at me? You cruel traders! you are like a pack of wolves eating a sick wolf.

 

[l2tradr]

Quote from BPtrader:

I am in pain:

http://www.flickr.com/photos/gahsoon/2734308801/in/photostream/

but you laugh at me? You cruel traders! you are like a pack of wolves eating a sick wolf.

...

 

[Fireplace]

Can't you suffer in silence please?

Quote from BPtrader:

I am in pain:

http://www.flickr.com/photos/gahsoon/2734308801/in/photostream/

but you laugh at me? You cruel traders! you are like a pack of wolves eating a sick wolf.

 

[BPtrader]

Quote from Kassz007:

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

Did I insult you and your methods?

I don't recall that. Refreshen my memory if you don't mind.

ps: somehow I got an impression that you don't like me.

 

[BPtrader]

Quote from Fireplace:

Can't you suffer in silence please?

wow, these ET posters are cruel and heartless.

They will probably change their IDs and beg for advices under a different one.


To all profitable traders:

Do Not give any advice to these cruel and heartless ET posters! They don't deserve it.

 

[Fireplace]

Life moves on, BP. You should too. Nothing shameful about failure. But you need to pick up the pieces and figure out your next move. Wallowing in pity will not get you anywhere. Stay positive.

Quote from BPtrader:

wow, these ET posters are cruel and heartless.

 

[FredBloggs]

 

[Speciaul_K]

Quote from BPtrader:

wow, these ET posters are cruel and heartless.

They will probably change their IDs and beg for advices under a different one.


To all profitable traders:

Do Not give any advice to these cruel and heartless ET posters! They don't deserve it.

How do you go from making 5-20$ a day trading 3-5lot CL positions to burning 10k overnight? If you are telling the truth your money might be better spent burning it in the fireplace to heat your home. Or go to the bank and cash it all in for 1$ bills then tape them all together and use them to wipe your ass. You could even stuff them all in a box and use them as tissue to blow your nose after a good cry.