I went from $7,000 to $52,000

[newguy05]

Quote from forex-forex:

When someone takes $7,000 to $52,000 it is natural to want to know the details, why make us guess?

I am more interested in his losers, how it went from $52,000 to $4500. You only learn from studying mistakes not winners.

 

[HedgefundTrader2]

Quote from skillz20:

I'm new to the boards but I just wanted to share this with you guys. I first started trading "seriously" last January. I started with 7k and immediately started trading stocks and options. Nothing held longer that 3 weeks, with the exception of AAPL. By the End of december my account was at $52,344. Today it is at $4,655. In case you guys dont already know, never think you own the market. I will continue to grow this 4600 with some of the same strategies that I used before, except this time I will have a little more respect.

You obviously have great money management skills, going down from $52,000 to $4600.

 

[HedgefundTrader2]

Quote from newguy05:

I am more interested in his losers, how it went from $52,000 to $4500. You only learn from studying mistakes not winners.

Or...Some people just go back pumping gas at Uncle's Joes garage. An newbie option traders life span is like a butterfly's ..few weeks or 6 months.

 

[DeepFried]

Quote from day7793:

Or...Some people just go back pumping gas at Uncle's Joes garage. An newbie option traders life span is like a butterfly's ..few weeks or 6 months.

Which means your time is just about up.

 

[siki13]

Quote from skillz20:

I'm new to the boards but I just wanted to share this with you guys. I first started trading "seriously" last January. I started with 7k and immediately started trading stocks and options. Nothing held longer that 3 weeks, with the exception of AAPL. By the End of december my account was at $52,344. Today it is at $4,655. In case you guys dont already know, never think you own the market. I will continue to grow this 4600 with some of the same strategies that I used before, except this time I will have a little more respect.

Oh so you are that guy.
Well next time use stop loss because when you are praying that it will come back its like you are playing a game with rules and your trying to win by cheating .

 

[Champion]

Quote from DeepFried:

You're exactly the sort of useless asshole...

Wake up deep fried f**khole. Deadbeats like you are encouraging those who lose. Get a moral compass & learn something in life, if not much.

 

[DerekD]

Quote from siki13:

Oh so you are that guy.
Well next time use stop loss because when you are praying that it will come back its like you are playing a game with rules and your trying to win by cheating .

Exactly.

Keeps you in the game long enough to actually learn something.

 

[canuckrookie]

Quote from Champion:

Lucky dogshit & unlucky dogshit.Sorry but this is nothing new from the unending procession of losers. Forget trading & work on getting a life of your own.

Judging by your avatar you must have some sort of demented ego who thinks he is better than anyone else. I don't know what kind of trader you are but you must be a complete ahole. There are some really good people here that I would like to learn from but it seems that there are also a good number of useless immature losers like this that contribute nothing.

 

[syswizard]

Quote from DerekD:

Exactly.

Keeps you in the game long enough to actually learn something.

Yes, but let me add this:
stops must be placed with some intelligence acknowledging break-out levels, support, resistance, etc.
Otherwise, you can just end up with a horrible win percentage....especially tight stops on the e-minis.
You'll stay in the game longer, but your account will just bleed consistently and slowly.

 

[skillz20]

I was short term trading highly volatility options such as GOOG, RIMM, BIDU, AAPL, FSLR, DRYS - Aimed at deep money options with high delta +>.90 - Towards the end I started doing less study with the same trades. Maybe got lazy looking at the overall market indicators. Maybe a little overconfident. I probably will not be as aggressive this time around. Not saying I will be playing with scared money, just a bit slower to reduce the risk of potential burnout. Probably do some more reading on market psychology.