I Got this one wrong guys.....

We all make mistakes trading. I know I have made stupid mistakes costing me atleast, $25,000 in total by my reckoning. Risk management saved my ass because the risk per trade is still small relative to my capital. For that, I am thankful and learned some expensive lessons as well.
 
Max E. said:
No other way to describe it. :(

I fucked up.... I am willing to admit it.... I really blew it here...

I thought there was NO CHANCE the market could go up and i was wrong.... dead wrong.... to the tune of a quarter million bucks.... bad call on my part, but I'm willing to admit my mistake. Good Luck!!!!
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Max, it happens buddy. Happened to me over 10 years ago and thats why i no longer trade for a living. One bad trade and you can be ruined.
I would invest for long term on weakness and not trade.
 
Max E. said:
I was short all in...... long before the biggest bounce..... then i added and added and added... I got smoked...... Dead wrong!!! Fully willing to admit it.

This is the worst loss of my trading career.... i got no problems being honest about it.
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more important what you learn from it..

What i learned form similar mistakes in the past is if you believe you are right, stay with what you have.. adding more and leveraging up does not make you more right.

Also as soon as the government/fed says they are going to get involved, GTFO! Manipulation.
 
Thanks "smallfill"....... at some point I have to
El OchoCinco said:
more important what you learn from it..

What i learned form similar mistakes in the past is if you believe you are right, stay with what you have.. adding more and leveraging up does not make you more right.

Also as soon as the government/fed says they are going to get involved, GTFO! Manipulation.
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Thats the thing.....I learned nothing.... if anything I want to short the market even harder.... Im So angry at what I did..... but I see an opportunity I wont see for a long long time....
 
Max E. said:
Thanks "smallfill"....... at some point I have to



Thats the thing.....I learned nothing.... if anything I want to short the market even harder.... Im So angry at what I did..... but I see an opportunity I wont see for a long long time....
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We're all seeing it, it's illogical, I'm only mildly pissed because I've stayed in cash, but have hedged on corruption from day one of this admin so did not feel confident going hog wild on shorts. JPow succumbing was only a matter of time sadly.
 
NY_HOOD said:
Max, it happens buddy. Happened to me over 10 years ago and thats why i no longer trade for a living. One bad trade and you can be ruined.
I would invest for long term on weakness and not trade.
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Thanls NYHOOD i really appreciate what you have said to me, .... no one know until it happens....
 
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