My last $150

I

iamnewuser911

So I'm left with my last $150, I'm a forex trader.

I just can't stop revenge trading.

Just lost money so I'm left with $150.

I don't feel sad or anything, honestly I don't really care. (I sound like a douche, sorry)

My plan is to divide it into 3 parts, and look for setups this week. My average risk to reward is 1:3. (I have a system) around 68% win rate.

I'll follow it and for the next 3 setups I'll risk that amount.

Does anyone have any advice? I'm not sure why I do it.. Maybe it's just simply "Just don't do it anymore"

I always do it after a loss and always turn bad lol..

I also don't know how I can turn my 150 into something I can use to trade "Full time".. or make millions

Please help.
 
iamnewuser911 said:
So I'm left with my last $150, I'm a forex trader.

I just can't stop revenge trading.

Just lost money so I'm left with $150.

I don't feel sad or anything, honestly I don't really care. (I sound like a douche, sorry)

My plan is to divide it into 3 parts, and look for setups this week. My average risk to reward is 1:3. (I have a system) around 68% win rate.

I'll follow it and for the next 3 setups I'll risk that amount.

Does anyone have any advice? I'm not sure why I do it.. Maybe it's just simply "Just don't do it anymore"

I always do it after a loss and always turn bad lol..

I also don't know how I can turn my 150 into something I can use to trade "Full time".. or make millions

Please help.
More...

no problem at all

that's how you learn

and do not cry for help
 
Baron said:
How much money did you start out with?
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Not much $400. I feel like putting more into it though. How much do you recommend starting off with for a full time trader?

qxr1011 said:
no problem at all

that's how you learn

and do not cry for help
More...

Thanks a lot man, (not being sacarstic in anyway), but the feeling of not caring about losing money, I guess that's something.
 
Miracles happen -- but I think your acct is basically over.
If you studied the market first, and adjusted accordingly...you shouldn't really blow up your acct.

When I first (foolishly) started trading...I took my money out, and took a serious pause after losing 40% of it. Back then, I was basically gambling on quarterly earrings reports...if it's bad, get out quickly...if it was good...then ride the wave to the moon -- sounded like a simple obvious plan...:confused:
 
lawrence-lugar said:
Miracles happen -- but I think your acct is basically over.
If you studied the market first, and adjusted accordingly...you shouldn't really blow up your acct.

When I first (foolishly) started trading...I took my money out, and took a serious pause after losing 40% of it. Back then, I was basically gambling on quarterly earrings reports...if it's bad, get out quickly...if it was good...then ride the wave to the moon -- sounded like a simple obvious plan...:confused:
More...

Ah should I demo until i get consistent then put in more money?
 
iamnewuser911 said:
Not much $400. I feel like putting more into it though. How much do you recommend starting off with for a full time trader?
More...
How many people do you personally know that started off with less than $40,000 (yes forty thousand) and now trade full-time for a living and/or make millions?
 
Baron said:
How many people do you personally know that started off with less than $40,000 (yes forty thousand) and now trade full-time for a living and/or make millions?
More...
I know 2, and another 1 who I don't talk much with. Both 10k and the other 500 doing the latter (not to be boasting but I want that :))
 
iamnewuser911 said:
Not much $400. I feel like putting more into it though. How much do you recommend starting off with for a full time trader?



Thanks a lot man, (not being sacarstic in anyway), but the feeling of not caring about losing money, I guess that's something.
More...

you did not loose it

you just started paying for your education

welcome !

i know a lot people who spent a few hundred thousands dollars on their education (lawyers, doctors, etc): private schools + private colleges + private graduate schools... and this is for some public knowledge... also, some of them abandon the occupation afterwards... :)

you want to educate yourself in trading...the field where there is very limited knowledge and experience that available to the public.. so how much you think that's is going to cost you?... my estimates it may cost you millions.... without any guarantee
 
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