Lost half of my years salary in a week!

Quote from ElectricSavant:

now...back to my question....

why is there 11600 views to this thread in 2 days...where I show guests how to really, really lose money in my threads that no where get the volume that this thread brings?????????...

what we read....human nature is a marvel to me....there are so many things in the Bible that just nails us...
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Savant,
I've got 10K for ya...
Couldja run it for me?
 
yeah I want 50% cause' ima mod...

in all sweriousness i wouldn't ruin any money if you paid me 110%...lol

Michael B


Quote from PohPoh:

Savant,
I've got 10K for ya...
Couldja run it for me?
More...
 
Quote from mparkernys:


the administrators at stock hideout pointed this out to me one day and changed my forumn name to mike parkers method, distancing itself from this character.
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Okay Mr. Parker, I took a trip over to stockhideout, and what I saw on your introductory page is the following text, written by you:
-------------------------------
...those who havent seen FOREX yet are in for the greatest surprise ever known in the market -- something so predictable and smooth that it brings tears to ones eyes and money to their accounts AND you only have to have 3 or 4 symbols on your watchlist constantly, and theyre always the same !

if youre interested, i suggest you get an account with one of the MANY brokers you see listed (try FXDD or FXCM) and bring yourself and your account over to see us and join the ranks of international banking and find out why your banker is a rich man!
-------------------------------------------

Those are your words. And what was their purpose?

Now, the originator of this thread is currently a serviceman in Japan. A hospital corpsman. Have any idea what he makes a year? No, you probably don't.

Do you think that in reading the text above he might get the idea that you could help him increase his savings?

And you were prepared to do...what? Charge him for your expertise?

And now all you can do is return here repeatedly to make excuses? Do the right thing and send this guy part of the money you lost.
 
Quote from Bitstream:

i saw your trades...while u banked no more than 100 bucks on your best winners u closed your losers with 2k and 3k dollars losses.
=====================================

what you did not see is that I DID NOT CLOSE THE TRADES, and perhaps, just perhaps you should take your anger (i remember you from a while ago) and let it simmer on a back burner

WHY the heck would i close a trade at a loss and as for the 100 winners, those were hedge trades keeping the margin up !

instead of yelling at my stupidity, WHY DONT YOU STOP FOR ONE SECOND AND EXAMINE WHY THAT WAS HAPPENING -- no one would close a trade with that loss on a currency that would come back, and is already starting to turn today !

next time, mr detective, do a good job and QUESTION why this obviously strange pattern is taking place, and dont be so quick to judge another wrong.

i understand and know the pain hes going thru, and i wait for him to talk to me so something can be worked out --- but only after the clown show finishes and tempers die down !

you may have eyes, but you surely cant see !
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Quote from lindq:

Okay Mr. Parker, I took a trip over to stockhideout, and what I saw on your introductory page is the following text, written by you:
================================

the wonderful part of all this is when everything reverses, which it is now in the process of doing, had the original poster left his money in he would have been danged close to where it all started but ill prob forget to come back here and crow about it !

im STILL waiting for him to contact me, and im getting tired of a trial by those obviously out for blood !

NOWHERE have i said i would not help him, but the thread goes on and on and on and on and on and on, ad nauseum !
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USD/JPY is now around 117. If you held your loosing trade (long at 119 from October 24, 2006) til now, you would be loosing close to 200 pips. Your loss would have been twice as big.

Those who can, do. Those who can't, teach. In your case, you should stick to teaching and stay away from trading--far far away. It's for your own good.
 
Quote from mparkernys:

Quote from Bitstream:

i saw your trades...while u banked no more than 100 bucks on your best winners u closed your losers with 2k and 3k dollars losses.
=====================================

what you did not see is that I DID NOT CLOSE THE TRADES, and perhaps, just perhaps you should take your anger (i remember you from a while ago) and let it simmer on a back burner

WHY the heck would i close a trade at a loss and as for the 100 winners, those were hedge trades keeping the margin up !

instead of yelling at my stupidity, WHY DONT YOU STOP FOR ONE SECOND AND EXAMINE WHY THAT WAS HAPPENING -- no one would close a trade with that loss on a currency that would come back, and is already starting to turn today !

next time, mr detective, do a good job and QUESTION why this obviously strange pattern is taking place, and dont be so quick to judge another wrong.

i understand and know the pain hes going thru, and i wait for him to talk to me so something can be worked out --- but only after the clown show finishes and tempers die down !

you may have eyes, but you surely cant see !
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What you have never addressed is why on earth you would trade this account so recklessly!!? That's the part I'm struggling with.

You say you have a system. That system allows for such HUGE DRAWDOWNS? My Gawd, I've only been at this a short while but even I could tell you that kind of thing will get you slaughtered.

And after reading a bit on the other forum you moderate, I see that you have indeed helped many other traders, or at least that's the jist of what I read.

You've helped so many, but then you turn around and let this kids account drop 80- 90%?

WHAT THE HELL WERE YOU THINKING?

And I don't care about who closed the trades, two platforms open, etc. THE BOTTOM LINE IS THAT YOU USED UNBELIEVABLY BAD MONEY MANAGEMENT. The account should NEVER have dropped that low. Period.

Only a total newb or an idiot would do that.

And you're not a newb.
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Quote from Pension_Admin:

USD/JPY is now around 117. If you held your loosing trade (long at 119 from October 24, 2006) til now, you would be loosing close to 200 pips. Your loss would have been twice as big.
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========================================

"it aint over till its over !"

SO easy to come down on someone, but will you use this much energy when the currency reverses and goes back up ?

I WILL TRADE DOLLARS TO DOUGHNUTS YOU WILL NOT !

the particular pair youre speaking of is trying to reverse as this is written, and if it doesnt reverse now, then it will surely do it very soon, as should be obvious !

once again, i am willing to talk with the original poster, and i will not be tried by a forumn that is SO intent on picking each word and pip apart, but these are currencies and when they go against you, you simply hunker down and wait it out, kinda like a tornado --- go running off in all directions and and you end up joining Dorothy in the land of Oz !

when I see this many people this angry, i can only assume they also got caught in the USD debacle, and I've become a really good target for their anger -- enjoy, it really doesnt matter one whit !
 
mparkernys ( aka MP6140 ) ..... Do you ever trade your "clients" money against each other and take a percentage of the gains?

Example:
Client 1: USD/JPY Sell
Client 2: USD/JPY Buy
 
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