My Story Trading as teenager, lost $50000 daytrading futures

Life is not a walk in the park, not a bed of roses. Never was, never will be.
Your dad can throw a billion dollars at you, life still wont be easy.
In order to gain respect you need to earn it.
Trading people learn to see thru the BS.
Stick around, nothing comes fast and easy, if you are genuine and want to learn, you need to persevere. Stamina, ride thru the tough and tumble.
Tall poppies get pulled down, not because we enjoy it, but because thats par for the course.
I've done my apprenticeship, its not fun, but it will chisel you as a person.
 
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RichTrader98 said:
Please try to understand that this is the real thing. Really lost $50k of my dad's money. Many of you are having a good time mocking one another and having fun with the situation. But I joined EliteTrader expecting a genuine solution in a humble way.
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What kind of solution do you want? Most guys here that actually do well trading, have years under their belt... all kinds of strategies, some come from professional background...

And you are asking us to come up with a solution that makes 20k into 70k... what timeframe do we have for that? You're kidding yourself (if this is indeed all real) with a nick like that "RichTrader98", expecting people to take you serious.

There's no wonder trick to turn 20k into 70k.... and if there is, we wouldn't just tell any numbnut.

You'd be better off telling your daddy, and realizing you shouldn't screw around with other peoples money, especially not saying you're a good trader who knows trading and has good market timing... because obviously that's a bit of a grey area for you at the moment.

Finish Uni (or whatever education form you're having) and get working hard and in x years you'll see this episode as a hard lesson, but hopefully learned something of it.
 
JackRab said:
What kind of solution do you want? Most guys here that actually do well trading, have years under their belt... all kinds of strategies, some come from professional background...

And you are asking us to come up with a solution that makes 20k into 70k... what timeframe do we have for that? You're kidding yourself (if this is indeed all real) with a nick like that "RichTrader98", expecting people to take you serious.

There's no wonder trick to turn 20k into 70k.... and if there is, we wouldn't just tell any numbnut.

You'd be better off telling your daddy, and realizing you shouldn't screw around with other peoples money, especially not saying you're a good trader who knows trading and has good market timing... because obviously that's a bit of a grey area for you at the moment.

Finish Uni (or whatever education form you're having) and get working hard and in x years you'll see this episode as a hard lesson, but hopefully learned something of it.
More...
Hey Jack...I'm not a numb nut will you share with me how I can turn 20K into 70K really really fast? I promise not to tell anyone.
 
algofy said:
Hey Jack...I'm not a numb nut will you share with me how I can turn 20K into 70K really really fast? I promise not to tell anyone.
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> Casino > Roulette > 19k on black... IF WIN THEN 38k on black... IF NOT WIN THEN splash 1k on hookers booze and drugs

EDIT, maybe use 18k and 2k on the latter ;)
 
Positive affirmations taken seriously leads to a way of becoming very closed-minded, the opposite of what a trader needs. Even when people tell you harsh things there's often some truth in it you need in order to stop sinking! Mature people will listen to everyone and not just to yes-women.
 
JackRab said:
> Casino > Roulette > 19k on black... IF WIN THEN 38k on black... IF NOT WIN THEN splash 1k on hookers booze and drugs

EDIT, maybe use 18k and 2k on the latter ;)
More...
Sounds like good advice, there is also a very powerful system by Wesley Snipes and the advice is simply to "Always Bet on Black".
 
JackRab said:
> Casino > Roulette > 19k on black... IF WIN THEN 38k on black... IF NOT WIN THEN splash 1k on hookers booze and drugs

EDIT, maybe use 18k and 2k on the latter ;)
More...

Just 2k on hookers???!! And that is to be shared with booze and drugs?? That's kinda cheap don't you think? C'mon, u can do better than 2K!! :p At least they are making an honest living with hard labour. What happened to honest work with honest pay??!!
 
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RichTrader98 said:
Please try to understand that this is the real thing. Really lost $50k of my dad's money. Many of you are having a good time mocking one another and having fun with the situation. But I joined EliteTrader expecting a genuine solution in a humble way.
More...

JSOP said:
If you are able to trade, then you are not a teenager or at least not one that cannot hold jobs. Then my suggestion to you is to go out get a day job to earn some regular earnings, meanwhile do some research(there is PLENTY on the web and in the library for you to learn how to trade), go back to drawing board to redesign your trading strategy/system, trade in demo UNTIL you are able to make CONSISTENT profit and then trade part-time until you accumulate enough capital to allow you to trade full-time to gradually recoup your losses. It may take you a long time but it IS doable.

Good luck!
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I have already told you the solution above. And many people here have echoed the same here. Believe us this is the ONLY way to recoup your losses. There is NO magical instant formula in trading that can turn your $20K instantly back to $70K and in fact there is NO way to earn $50K instantly unless you want to turn to illegal drug dealing or robbing banks. Even those takes meticulous planning, extensive market research and networking, nothing instant.
 
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