Lost Need Advice????

Quote from jdeezero05:

i would check out some of the pit noise/audio services available.
if anyone should be able to combine that with charting I would think you could from your experience.
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You beat me to it. That was exactly what I was going to say.
 
Quote from datstrader:

I spent 17 years in the field. I started at the Merc as a runner and worked my way up to be a very profitable pit trader. I traded for 8 years in the pit and did well. The pits dried up in 06-07 and I moved on to broker the eurodollar options. I made the move from the floor to the screen in April and lost about 6k since then(I'm guess most in fee's). I'm trading the ES and finding how hard it is to trade off the floor. I'm using charts and some indicators to try to produce profit. I'm now going on 8 months with no pay check and just about out of money to support a family of 5. What do you guys think should be my next move. I would like to try to find some honest answers... Thanks for your time and effort........
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Get a job for a broker at the pit. You won't make much money, but you aren't risking your own money.
You buy/sell when/what you are told.

With your own money: buy an index now and hold for 2 or 3 years.
 
Quote from datstrader:

LEApup
Thanks for your prayers. I know I could pull this one off....Just pressed hard to make good trades and you know when you go to the river boat and you need to make rent you normally walk off the river boat down the cash and down on the credit cards. I see the moves I could call the moves just having a rough ride playing the moves that i see. Thanks for your advice....


Jeff
I don't think i would like to revisit the exchange again or the so called friends that i had there. You know when money is involved there isn't a friend or so called friend in the world in that building. I know i could go back and make 2 to 3k a day with my eyes closed, but i think i would rather die a slow dealth of some sort of poision....LOL Thanks JEFF
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You're very welcome! Again, you're in my prayers. :) Keep us posted on how you're doing.
 
ex floor trader who believes in god?



Quote from LEAPup:

I understand bro. I'm a Retail Broker with a Wife, three Sons, and four dogs... Money "left our building" months ago.:(

To be candid, you probably don't want to trade must have money, as it's been my downfall in the past to do that. It's a catch 22. You have extra money, trade it, and if you're good, make a profit; don't have much left, trade it, and it goes bye bye... Trading "must have" money is a stressor. Others here might be good at trading must have $$, but I caution against it due to the psychology involved.

What did I do? I prayed for guidance, and God's favor. It happened. I went from dispair, and thinking too much inside the box (can I go to this firm, that firm, prop trade? etc.,), to real solutions.

I'm working on a project that will take me out of the retail brokerage side, and it will be great! I believe it's God's plan for me.

I'm also doing extra work on the side (I guess you can say I got another job) It's late evenings-midnights, and 3-4 nights per week/weekend. I'm not thrilled having to ammend my U-4 to put another employer on there, but I have to pay the bills, and put food on the table... I REFUSE to sell a Client or Prospect snake oil garbage just so I can get paid. Hence, the second job.

datstrader, you'll be in my prayers, no question.
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seriously, i think you should find some other jobs that pay a stable salary like in computer, if you have some knowledge of it.

the stock market is in turmoil right no, it's hard to make any decend money to support family in this business at this point.

work other jobs until the market gets better...if it ever gets better at all.
 
Quote from kitty1996:

seriously, i think you should find some other jobs that pay a stable salary like in computer, if you have some knowledge of it.

the stock market is in turmoil right no, it's hard to make any decend money to support family in this business at this point.

work other jobs until the market gets better...if it ever gets better at all.
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This market is great for trading. What are you talking about?
 
I am not clear what the problem is your trading not working or
The business being a broker is bad? Either way, I am going to say something you do not want to hear. Try to find a job with benefits and a salary. Your family needs you and your income.
Sorry bro, if I am the bearer of bad news (well, other have said the same), but I have been through this myself and know that it is hard to work for someone else. I am doing it for my 8-year old daughter nothing else. It is not easy but a sacrifice I must make.
If you have a degree try to get a teacher's cert, or work as tech support in IT etc etc.

Quote from datstrader:

I spent 17 years in the field. I started at the Merc as a runner and worked my way up to be a very profitable pit trader. I traded for 8 years in the pit and did well. The pits dried up in 06-07 and I moved on to broker the eurodollar options. I made the move from the floor to the screen in April and lost about 6k since then(I'm guess most in fee's). I'm trading the ES and finding how hard it is to trade off the floor. I'm using charts and some indicators to try to produce profit. I'm now going on 8 months with no pay check and just about out of money to support a family of 5. What do you guys think should be my next move. I would like to try to find some honest answers... Thanks for your time and effort........
More...
 
andrasnm


THanks for your input and i agree. I'm just having a problem same as the rest of the country on finding a JOB. I'm know if you do trade your all over the news. Finding a JOB is like Finding the ARK. It can be done and it will be done, but you know as well as i the world as we know it is on its heels. I haven't giving up hope yet. Just looking for the golden key and haven't found it yet. Thanks for your time

10-03-08 10:51 AM

I am not clear what the problem is your trading not working or
The business being a broker is bad? Either way, I am going to say something you do not want to hear. Try to find a job with benefits and a salary. Your family needs you and your income.
Sorry bro, if I am the bearer of bad news (well, other have said the same), but I have been through this myself and know that it is hard to work for someone else. I am doing it for my 8-year old daughter nothing else. It is not easy but a sacrifice I must make.
If you have a degree try to get a teacher's cert, or work as tech support in IT etc etc.
 
Quote from datstrader:

I know i could go back and make 2 to 3k a day with my eyes closed, but i think i would rather die a slow dealth of some sort of poision....LOL Thanks JEFF
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Are you f**king kidding me? You make me sick. You can make more in a day than most people of the world makes in months (if not year(s) while producing absolutely nothing and basically being a slimy leech, yet you are too much of a pre-madonna to do so for some of the most shallow reasons.

I'm sorry, but it is people & attitudes like this that make me truly ashamed of the general population and its complete lack of humanity. It also makes me happy to see this whole system crumble under its own excrement.

P.S. Whether you made $2-$3k a day or $2-$3mil a day, it's obvious that you will never be happy. There are people that would kill for chance to be in your position, there are some that would think they attained bliss if they even got to be in 1/10th of your position. You should watch "Fight Club" and pay close attention to the part where the main character goes to his shrink for "help".
 
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