John is DEAD ??

I hate it when people say trading is gambling.

Gambling is an attitude. You can bring that attitude to an activity -- trading, real estate investing, mountain climbing, or a thousand other things -- or not.

Any time you engage in any activity with obviously adverse odds of success or a disproportionately high risk/reward ratio you are gambling. A good trader, like a good poker player, consistently tries to stay on the right side of the odds and consistently avoids the wrong side.
 
A calculated business risk!

No different to assessing potential construction contracts.
Poor due dilligence and or poor risk management will generally result in disapointing financial returns!

The only things certain are death and taxes, but a close third if you pick a dud woman is alimony and possibly child support!

I'm happy to wish you luck as you're on the start of your journey and it sounds like you will need all the luck you can get!

Johno
 
Quote from TudorJones:

Hi, there is this rumor going around that this fellow newbie wannabe trader that suffered some huge losses committed suicide: http://boltar1.blogspot.com/

Can someone that live in Greensboro, NC confirm or verify this??
More...


This sounds like its a blog Neke would do. Although I think Neke made like 150% percent last year though he did'nt hit his mark.
 
Ouch... that's a sad story... i feel sorry for the guy.

His risk management was awful... starting by the fact that his initial trading capital was a loan...
And he had no stop loss...

It's a sad story, but he had it coming... nothing left to do but pray for the poor guy. :(
 
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