Let's Trade III, by Sicktrader
- Thread starter sicktraderII
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he has probably already pretty much let it slip - "Pyramid your profits" - keep adding contracts every $700 or so. It leads to insane leverage, and is the exact opposite of sound money/trade management. This is the realm of wankers and suicide attempts.
Anyone who was around sites like collective2 know that everyone who tries stuff like this, crashes, and rather rapidly.
Claim was made, and obviously false.
If people lie, that is a major problem. Who are you, the clueless patrol?
Quote from sicktraderII:
Wow, what a piece of work. Please find the thread where I said that I didn't need the money, never said it.
You managed to get that, another thread, and your first alias deleted. You clearly said your "company" was featured as a top 500, and that was obvious proof you didn't need money.
You said we could check there, to verify you. When your website and phone# were requested, you suddenly became evasive and abusive.
You also said in the original thread first post, this whole effort was basically for those people who hadn't made it like you obviously had.
No matter how much I have I would always want more. You are so obsessed about me and my company. By the way, in case you haven't noticed, the housing market isn't doing as well as a few years ago.
That was the opposite of your implications in the thread you had deleted - that you were a featured top 500 builder type and did not need the money from selling something on ET. What was the purpose of insunuating you were very successful, if now you are insinuating you have money problems???
If you remember, I said I also had a construction company and asked you questions to verify your claims about being a builder. Again, you became quiet and evasive.
Your concept of evidence, is to constantly put up semiclever icons anytime someone asks about your claimed credentials. You confuse "insert icon" with addressing concerns about your claims.
Wow, what a piece of work. Please find the thread where I said that I didn't need the money, never said it.
You managed to get that, another thread, and your first alias deleted. You clearly said your "company" was featured as a top 500, and that was obvious proof you didn't need money.
You said we could check there, to verify you. When your website and phone# were requested, you suddenly became evasive and abusive.
You also said in the original thread first post, this whole effort was basically for those people who hadn't made it like you obviously had.
No matter how much I have I would always want more. You are so obsessed about me and my company. By the way, in case you haven't noticed, the housing market isn't doing as well as a few years ago.
That was the opposite of your implications in the thread you had deleted - that you were a featured top 500 builder type and did not need the money from selling something on ET. What was the purpose of insunuating you were very successful, if now you are insinuating you have money problems???
If you remember, I said I also had a construction company and asked you questions to verify your claims about being a builder. Again, you became quiet and evasive.
Your concept of evidence, is to constantly put up semiclever icons anytime someone asks about your claimed credentials. You confuse "insert icon" with addressing concerns about your claims.
Dude, just let him crash and burn if you truly believe his is a fraud. If he can't back his claims with visible proof of his trading then we will all know soon enough.
(and if he comes here in a few days and calls everyone suckers for hanging on his every word, then everyone will think twice about following a similar boast from the next guy. I am still waiting for it to be cold/jason and one of his many sybil personas)
(and if he comes here in a few days and calls everyone suckers for hanging on his every word, then everyone will think twice about following a similar boast from the next guy. I am still waiting for it to be cold/jason and one of his many sybil personas)
because the reality is, almost everyone has a limited amount to trade - most home traders work and have debts, and usually only have $5-15K to fund a trading account. AND are probably alrady overdoing at that amount. Leveaged trading is supposed to be "money you can readily afford to lose." not "your life savings which you need to live on...
If you have $10,000 total, there is a helluva lot difference between using $700 for 1 contract, than using $7000 for 10 contracts. You go from controlling $50,000 to controllling $500,000. And using $700 to control 1 contract, or about 71-fold leverage factor, is already the province of fools. A leverage factor of 5-10 is a lot closer to sane. There is always the risk of an error, problem or major market disruption. It related to a statistic called "Risk of Ruin." There is a reason that 05% of newer traders lose thier money. This thread is going to help them achieve that much more quickly.
This thread is an exercise in "how not to trade" and "even though the wise and learned know that money management and leverage are the most critical, we throw all caution to the wind so you can go bankrupt faster."
"Only putting $700" into an account is already insane. That is why most brokers (especially the established rather than the reckless brokers) have a minimum acount size of $5000 or more
Again, I think it is important to remember that while my money management is the same in real life, I do not perpetually add to contracts. I just double my bankroll, then withdrawal. Then I do it again, and again, and again⦠If I have a period with a number of losers in a row, which happens a few times a year, then I just post up more money to get me back on track. No big deal. If you make say $300,000 in a year, and you have posted an additional $40K during that year, I just donât see the problem. You could choose to just build your account back up in the next few weeks, but I donât do that anymore.
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