i broke; i QUIT

[zdreg]

Quote from Ripley:

Aside from you are a loser, what more did you learn from holding major positions in stressful situations? (Sorry, I am not saying you are a loser,) but.. thats the only thing I learned about myself when I was holding major positions in stressful situations.

praise or criticize the action not the person. i know that is what you tried to do.

holding an overwhelmingly stressful position clouds your judgement.
the basic rule is that if a position becomes too stressful close the position and live to fight another day.

 

[Bachelier]

Quote from Ripley:

Aside from you are a loser, what more did you learn from holding major positions in stressful situations? (Sorry, I am not saying you are a loser,) but.. thats the only thing I learned about myself when I was holding major positions in stressful situations.

at first i thought i had psychological deficiencies for not always following the plan. started reading the psychobabble books etc.

now i think i always do what is best for me deep down, according to skill-level of course. so losing big money these last days made me think..

 

[Bachelier]

Quote from mishwar:

1) What kind of dollars takes u out of the market? I mean how much do u lose before you are asked to leave at a prop firm. I know it must vary... but for example at your firm ?

2) Working at another prop firm with lesser load .. is it possible ?

Thanks
mishwar

1) for an absolute beginner 5k would probably guarantee you a one way ticket out.

2) maybe, i don't really understand the question.

 

[Bachelier]

Quote from Ripley:

Aye.. since you dropped out, you might not have much left for you to get a degree. Why not think about going back to school?

yeah if i had money.. would be nice to go back to college

 

[Bachelier]

Quote from DonnaV:

Hi Bachelier...your last sentence caught my eye...do you mean you have an idea for A movie or are you interested in the business of movie making? You are bored with trading which is understandble.... The advise my husband and I gave all our children is do what you love to do and the money will follow. The problem is getting from point A to point B. You might have an interest in the path of #1 son.

Very creative kid, majored in sun glasses and girls at CU (Colo) and wanted to go into advertising but found that he didn't want to live in NY or Chi or really do paper type advertising. He did NOT want to do what his dad had done which was rather staid. He also wanted to be in the movie industry and we could offer no real guidence but told him he needed to start somewhere small and build on it.

He found a local company that edited film and learned the business of film editing...company moved to Santa Barbara Ca and he moved with them. Learned as much as he could and moved to LA started freelancing for FX and Fox editing trailers for their shows...I would tell people he made trash trailers...anyway he continued to hone his craft building up a resume/clients and work/money followed. This last year he bought an avid machine and directed and produced several "spec" commercials...one he recently sold. Bottom line he is making ton's of money as there is a shortage of good editors in an industry that many people try to break into...but it did take time and he had to learn as he went.

You don't necessarily have to have the education/training but you MUST have the passion to do well at anything. Your young and can learn. Figure out what you love to do then make a plan in writing as to how you will accomplish that goal then if you have to work at mickie dee's while you are on that path so be it. Best of luck and fortune to you. donna

great advice, thanks

actually i am not interested in the business of movie making. it's just one of these things i crave to do as a way to express myself. i have several strong opinions regarding the art and doing it for money is not one of them

 

[sledged]

larrytke, you wrote that ET is hiring in Jersey City? What is this? Thanks.

 

[larrytke]

ET= E-Trade. I am not referring to their prop trading, but an actual salaried broker.

 

[romik]

Have you analyzed your mistakes during the time you traded?

In trading, like in sports, you have to work on your weaknesses, if you can't better yourself, if you can't make yourself do things you don't like doing, than you have to stay clear of trading, as it might eventually ruin you both financially and emotionally.

I wish you all the best.

 

[Grob109]

Donna

...nice contribution

a very high quality general solution.

 

[CTTrader]

not a gambler...it's not easy...trading took all my emotions away, i don't laugh at jokes etc.....anyhow...

--------------------------------------------------------------------------------

I can't believe nobody has corrected/strongly disagreed with/ mocked this post. Perhaps the above personality profile fits the semi-successful, five-figure/year grinder, but certainly not the seven figures+ high roller. Not even close!
------------------------------------------------------------------------------------

Dude, gamblers don't make money in Vegas or in the market. Some gamblers get lucky and play the big shot role for awhile, but eventually they all bust out. The ones who make money in gambling or the markets do their homework, keep their emotions in check, and are obsessive about managing risk. The ones who make 7 figures + do this the best.