I have lost over half of my net worth/life savings trading forex.

Overnight said:
It is also a time where he can ingrain bad habits of screwing up that will follow him for the rest of his life. With age comes wisdom. So have the fun now, build up wisdom and maturity. This way the screw-ups become easier to overcome (and more affordable), when one has said wisdom to know how much they can afford to lose? How to not panic when one has screwed up like this one apparently is?

Different strokes for different folks of course.
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Can you believe that dirty SOB never gave me that cookie?
 
algofy said:
Can you believe that dirty SOB never gave me that cookie?
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I don't know if you mean me from another thread, or the OP here (but I don't recall you asking for a cookie in this thread from OP), so here, this should cover both bases...

A brownkie! (who comes up with these names haha)

browkiesandwich.jpg
 
Overnight said:
It is also a time where he can ingrain bad habits of screwing up that will follow him for the rest of his life. With age comes wisdom. So have the fun now, build up wisdom and maturity. This way the screw-ups become easier to overcome (and more affordable), when one has said wisdom to know how much they can afford to lose? How to not panic when one has screwed up like this one apparently is?

Different strokes for different folks of course.
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This makes absolutely no sense to me. So your suggestion to the OP is to "go do something else, get wise and then magically he will be good at trading because he is now wise."

How exactly do you expect this to work? And if this can happen for random joe blows, then why aren't more joe blows successful traders?
 
nooby_mcnoob said:
This makes absolutely no sense to me. So your suggestion to the OP is to "go do something else, get wise and then magically he will be good at trading because he is now wise."...
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I did not say it like that exactly. I said to go do the youthful things that young people do (have the young fun that does not involves stress like trading live savings), gain wisdom as age accrues, and then come back to deal with the world of trading when one has a better grasp of not just themselves, but the world, and the trading world. OP will not get "magically good" at anything by being wiser. But having a better grasp of themselves, and life, will allow them to make wiser decisions. How's that?
 
nooby_mcnoob said:
This makes absolutely no sense to me. So your suggestion to the OP is to "go do something else, get wise and then magically he will be good at trading because he is now wise."

How exactly do you expect this to work? And if this can happen for random joe blows, then why aren't more joe blows successful traders?
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More to the point to that I am on about...

https://www.elitetrader.com/et/threads/nooby-mcnoob-becomes-a-quant.307995/page-12#post-4548837

...Edit: Another thing I should mention is that I'm starting to see myself outside myself. I am "observing" myself. It's an odd feeling. It allows me to control myself better. Often, I do lose control of course, but... When I have it, it's incredible...
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See? You have gained wisdom in the past 8 months. Isn't wisdom better than...

https://www.elitetrader.com/et/threads/nooby-mcnoob-becomes-a-quant.307995/

...
I fucked it up though, otherwise I could have been making 3/4 million/year by now just jerking off.
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Better to screw up later rather than earlier.
 
Overnight said:
More to the point to that I am on about...

https://www.elitetrader.com/et/threads/nooby-mcnoob-becomes-a-quant.307995/page-12#post-4548837



See? You have gained wisdom in the past 8 months. Isn't wisdom better than...

https://www.elitetrader.com/et/threads/nooby-mcnoob-becomes-a-quant.307995/



Better to screw up later rather than earlier.
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I'm obviously speaking from my own experience: I was taught to be extremely risk averse in my youth which became a problem as I let go of potential life changing opportunities to do "the safe thing".

Had I not done this, I would have been making much more than 3/4 million/year by now, doing what I do.

As you go along in life, your appetite for risk decreases because you have mouths to feed, or mortgages to pay. I have had to explicitly force myself to continue to take risks. Many people can't.
 
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