My Story Trading as teenager, lost $50000 daytrading futures

[El OchoCinco]

 

[JSOP]

You lost $50K trading and only have $20K left? The usual advice in these cases is to send me $10,000 and I'll kick you in the nuts. Then you must quit trading.

The market would do the same thing to you, but I just saved you $10K! You're welcome...

You assume it's a "he". No gender discrimination!!

 

[DallasCowboysFan]

You said you traded CL.....oil contracts. An oil contract averages

This is my story
I lost $50000 trading futures and the majority of those loses were incurred day trading Crude Oil and Natural Gas futures. I want strategies and suggestions to recoup the loss. I don't have a job. I lost my father's money. I want suggestion. I have been trading since about more than a year.

Don't most CL future contracts cost 10K for one contract?

I realize you did not lose the entire amount on 1 trade, but it doesn't long to lose 30K trading oil.

Was this real money or paper trading that you lost ?

 

[algofy]

You said you traded CL.....oil contracts. An oil contract averages



Don't most CL future contracts cost 10K for one contract?

I realize you did not lose the entire amount on 1 trade, but it doesn't long to lose 30K trading oil.

Was this real money or paper trading that you lost ?

You can day trade oil for WAY less than 10k

 

[southall]

I have been trading since about more than a year.

So did you have success at first?
One year is a long, new traders who actually risk real money, dont normally last that long.

 

[RichTrader98]

So did you have success at first?
One year is a long, new traders who actually risk real money, dont normally last that long.

It was just making a couple of thousand on a day then losing some more along with it. I kept funding the account with capital. I didn't have the whole 50k when I started I started with around only 1k. But i kept trading. I lost that 1k in 10 days time. I didn't give up.

 

[Nereto]

It was just making a couple of thousand on a day then losing some more along with it. I kept funding the account with capital. I didn't have the whole 50k when I started I started with around only 1k. But i kept trading. I lost that 1k in 10 days time. I didn't give up.

Troll.

 

[MrScalper]

It was just making a couple of thousand on a day then losing some more along with it. I kept funding the account with capital. I didn't have the whole 50k when I started I started with around only 1k. But i kept trading. I lost that 1k in 10 days time. I didn't give up.

If you post your trade details from your broker reports, I might be able to show you what you done wrong.

Details must include the exact entry and exit times, along with the normal details.

 

[Overnight]

It was just making a couple of thousand on a day then losing some more along with it. I kept funding the account with capital. I didn't have the whole 50k when I started I started with around only 1k. But i kept trading. I lost that 1k in 10 days time. I didn't give up.

That infers a pattern of very bad decision making. It took you 10 days to lose 1K. So you then added more capital to the account, and I guess added more positions along with it. So on and so forth, until you were out 50K.

Did you look at MGC like I suggested? It is hard to lose a fuckton of money in that if you are reasonable, and not try to bundle up to 100s of contracts in a position. Just start with 1 contract on it, and play with it for a few months. You won't win much, but you won't lose much either.

Do you understand?

 

[Nereto]

That infers a pattern of very bad decision making. It took you 10 days to lose 1K. So you then added more capital to the account, and I guess added more positions along with it. So on and so forth, until you were out 50K.

Did you look at MGC like I suggested? It is hard to lose a fuckton of money in that if you are reasonable, and not try to bundle up to 100s of contracts in a position. Just start with 1 contract on it, and play with it for a few months. You won't win much, but you won't lose much either.

Do you understand?

He doesn't undestand because the closest thing to trading this troll has done was trading onions at his local market.

Now why are you wasting your breath on this guy? The thread is literally 15 pages long of guys writing out paragraphs trying to help a troll who ocassionally writes back vague 2 sentence responses.