Just a little idea...

Quote from dbphoenix:



Not necessarily. Those who win competitions generally take risks that are far out of line with their usual trading behavior. One might be a lousy trader and yet come out a champion because he got lucky. On the other hand, the truly good, disciplined, objective, profitable traders will more likely do badly because they're holding to their rules.

All of which will lead to bawk bawk responses, but there it is.
More...

True. But not if competitions were held on a regular or semi-regular basis. Or, if - irregular?? - competitions were held over an extended period of time. Increase the exposure and eliminate (or minimize) luck as a factor.
 
Quote from dbphoenix:



Not necessarily. Those who win competitions generally take risks that are far out of line with their usual trading behavior. One might be a lousy trader and yet come out a champion because he got lucky. On the other hand, the truly good, disciplined, objective, profitable traders will more likely do badly because they're holding to their rules.

All of which will lead to bawk bawk responses, but there it is.
More...

and some lousy traders get rich because they got lucky.....

best,

surfer
 
Quote from rlb21079:



True. But not if competitions were held on a regular or semi-regular basis. Or, if - irregular?? - competitions were held over an extended period of time. Increase the exposure and eliminate (or minimize) luck as a factor.
More...


your understanding of statistics, randomness, and luck needs a little work.

surfer:eek:
 
Quote from Gordon Gekko:


i'm a better trader than you are, dickhead.
More...



Gordon Gekko
Elite Member

Registered: Nov 2001
Posts: 2438


06-11-03 05:52 PM
closing my trading account today
about 2 weeks ago, my account at IB dwindled down to like $1975. to place a trade, you need $2000. so i wrote a check for $50 to get back above $2000 and considered my next trade a hail mary trade. well, i did the trade today and lost like $200.

i really just don't have the money to continue. 0% of me wants to quit, but i just can't afford to send more money into my account, so i am for the time being, done. yes, i know a couple months ago i started a similar thread, but i found a way to get some more money, so i could keep at it a little longer. but now, i just don't know what the hell i can do.

i can already see the responses now from dbphoenix, nkhoi, elcubano, etc. i'm looking for sympathy, blah blah blah. i'm gonna state right now, i don't care what negative responses i get in this thread. i really just don't give a fuck.

that said, my (financial) life has made a new all time low today. i totally feel obliterated. i have put countless hours into trying to trade since 1999, i'm 25, and i have absolute NOTHING to show for it and i'm pissed. i'm gonna have to get a job and i'm probably going to get paid like minimum wage. who the hell is going to hire me when i haven't had a job in like 3 years? what am i going to say at interviews? "so what have you been doing the last 3 years?" "trying to trade, but i lost all my money." on top of that, i am going to be MISERABLE at some job. you people can have any opinion you want of me, but i am not someone who should get paid minimum wage, i don't care what anyone says. i'm gonna be miserable!!!!!!!!!!!!!!!!!!

finally, i almost feel like the last few months i was really starting to understand the market. i may even have a profitable trading strategy but my account is just way too tiny to trade it. that's another thing that pisses me off. if i had an ok size account, i could maybe make at least what i'll make at some minimum wage job.

once again, i am NOT asking for help and i am NOT looking for sympathy. i'm just posting my current situation and it sucks.



:confused: :confused: :confused: :confused:

is this a LESS THE ZERO contest?? ie: I lost $7000 but i win the contest becuase you lost $9000?????
 
You must log in or register to reply here.
Back
Top