I am finished.

01-11-10 05:12 PM

Quote from GG1972:

[BIf it werent a zero sum game I d be willing to teach him everything I know. It ain't exactly rocket science. [/B]


And you said :


"You don't have to teach him everything, you can tell him the most important thing in trading.

How about tell him 3 words about trading?

I will know if you really made it by the 3 words you utter."

Thought you knew those 3 words :D :D :D :D
I think I know the 3 most important words in trading "according" to you

i am finished


Bring more money to the poker table--we are waiting and will keep an open seat. :D:D :D
 
More than a tough tape these days. It's changed, even for you in crude. Every job wanted ad for a trader these days is for algo or systems or quant. Its getting to be Irobot out there. Somebody made a good point a few posts ago: trade boring stuff, bigger size. DD, INTC, CMCSA, XOM . . . I basically start every position as a scalp and trade around it from there. Trying to adapt to the new order out there.
 
actually those loses are very prophylactic.

you are now more prepared to become a long term winner, if you are able to learn the lesson.

for instance, i blew up 7 times before becoming consistently profitable and started trading long time ago, when computers didn't even have a hard drive...
 
There you go. I look forward to reading your "I quit Part 4".

http://www.elitetrader.com/vb/showthread.php?s=&threadid=187779&perpage=6&pagenumber=72


BPtrader
02-25-10 07:48 AM
Quote from BPtrader:


.....
To make sure I will continue to receive the sure reward, I will refill my trading account with my eighth credit card. I am planning to apply for my ninth credit card.
More...




BPtrader
02-16-10 09:42 AM

Quote from BPtrader:
.....
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...


BPtrader
02-14-10 09:44 AM
Quote from BPtrader:
.....
I finally accept the statistics that 99.9% will fail in trading. I guess those who discourage others from trading are right after all. I am at peace with myself: Trading is not for me and 99.9% of those who tried.
More...



BPtrader
12-23-09 01:57 PM

Quote from BPtrader:

wasted a lot of these things on trading:

1. Time: 4 years.
2. Money: $80,000.
3. Hair: half turned white.
4. Mental health: need regular medication to calm the nerves.
5. Friendship: alienated almost all friends and relatives.
6. Eyesight: went from 20/20 to 500-level glasses.
7. Backbone: went from straight to bent.

Oh, my back, it hurts.

I quit.

That's all, folks.

End.
More...
 
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...

bwahahahahahahahahahahahahahaha!
 
You must log in or register to reply here.
Back
Top