My demise

G

Giddiyup

I quit trading 8 years ago. I think after 8 years I finally pinpointed the reason I did not succeed.
I lost approximately 25k in 2010 and quit sometime in the beginning of 2011.
I had no 1 major blow. It was a long series of losses. My downfall? I rnow firmly believe it was the relatively huge success I had in 2009 where I made around 275k.
I consider myself a piker who traded and made a little money every year from 1999 when I began to 2009. Most of those years in a range of 50k to 125k.
I made a conscious decision to push myself in 2008 and 2009 and it worked because the market was there. I was emotionally drunk after the success of that last good year and never recovered as I bled away in my final year.
At the time I blamed my demise on hft. The real issue was that i did not adapt to the market.
I think my self imposed banishment has been long enough. I will spend the next 6 months studying the markets and determine if infact I can make it. This will be the first time I will have taken the market in a serious methodical manner.
Comments welcome.
 
Giddiyup said:
I quit trading 8 years ago. I think after 8 years I finally pinpointed the reason I did not succeed.
I lost approximately 25k in 2010 and quit sometime in the beginning of 2011.
I had no 1 major blow. It was a long series of losses. My downfall? I rnow firmly believe it was the relatively huge success I had in 2009 where I made around 275k.
I consider myself a piker who traded and made a little money every year from 1999 when I began to 2009. Most of those years in a range of 50k to 125k.
I made a conscious decision to push myself in 2008 and 2009 and it worked because the market was there. I was emotionally drunk after the success of that last good year and never recovered as I bled away in my final year.
At the time I blamed my demise on hft. The real issue was that i did not adapt to the market.
I think my self imposed banishment has been long enough. I will spend the next 6 months studying the markets and determine if infact I can make it. This will be the first time I will have taken the market in a serious methodical manner.
Comments welcome.
More...

Once Fed goes NIRP and QE5, blast Banks who buy back shares on a large scale, REITs in US and Fintech ( Brazil, Singapore, India, US )... Have 1 Canadian bank, 2 American banks, 2 American REITs, UUUU Stock ( once recovery starts ) and 1-2 Fintech... Profit!

Then trade the momentum to maximize profits, re-invest Dividends
 
Giddiyup said:
I quit trading 8 years ago. I think after 8 years I finally pinpointed the reason I did not succeed.
I lost approximately 25k in 2010 and quit sometime in the beginning of 2011.
I had no 1 major blow. It was a long series of losses. My downfall? I rnow firmly believe it was the relatively huge success I had in 2009 where I made around 275k.
I consider myself a piker who traded and made a little money every year from 1999 when I began to 2009. Most of those years in a range of 50k to 125k.
I made a conscious decision to push myself in 2008 and 2009 and it worked because the market was there. I was emotionally drunk after the success of that last good year and never recovered as I bled away in my final year.
At the time I blamed my demise on hft. The real issue was that i did not adapt to the market.
I think my self imposed banishment has been long enough. I will spend the next 6 months studying the markets and determine if infact I can make it. This will be the first time I will have taken the market in a serious methodical manner.
Comments welcome.
More...

What were you trading? stocks intraday or swing trades?
 
Stockolio said:
Once Fed goes NIRP and QE5, blast Banks who buy back shares on a large scale, REITs in US and Fintech ( Brazil, Singapore, India, US )... Have 1 Canadian bank, 2 American banks, 2 American REITs, UUUU Stock ( once recovery starts ) and 1-2 Fintech... Profit!

Then trade the momentum to maximize profits, re-invest Dividends
More...
Lol no idea what any of that means
 
dozu888 said:
the 1999-2009 period covered a wide variety... you be fine.
More...
I was thinking just that. A crazy bull market using fraction system with specialists , tape reading, sector trading to an economic meltdown . Crazy changes. I adapted to all of it except the last year. I'll try to impart any knowledge I had in trading during that time period if anyone is interested.
 
Also I should mention that I moved to Pennsylvania rural area on the year I started losing (from nyc). I think that may have played some part but not the main issue imo. 5mbps connection at the time was the fastest I could get.

I'll be moving back to NYC before trading again.
 
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