Quitting Trading

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I just want to thank everyone for their input and concern. I am still trying to digest everyone's ideas and all of the PM's I received.

For now, I am not trading, looking for a job or anything else. Just trying to find my center and see which way to go next.

I really appreciate the outpouring of concern even though some of it was hard to hear after pouring eight years of my life into something that is failing.
 
Quote from Pension_Admin:

Please give up on trading the account, but DO NOT EVER give up on trading.

You have put in way too much time into this to quit. You may be one step away from success and not knowing it.

My suggestion is get a job, while trade a paper account. Trading a paper account sound silly and that's what most traders want you to think--trading a paper/small account is silly. But do not buy into that. It's like poker. They just want you to go all in with your bad hand.

Keep trading. Once you got it, then go all in. In the mean time, enjoy your life and bring some balance into it.

Pension_Admin
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Terrible advice.

You need to get clean from trading and move on. Forget it. It's not meant to be and trying to believe otherwise will bring more sorrow and pain to you. Listen to your shrink.
 
Again, walk away. Take on a day job or some other career path. Clear your head. You can always come back again another day. The markets aren't going anywhere.
 
Quote from jasper6:

I just want to thank everyone for their input and concern. I am still trying to digest everyone's ideas and all of the PM's I received.

For now, I am not trading, looking for a job or anything else. Just trying to find my center and see which way to go next.

I really appreciate the outpouring of concern even though some of it was hard to hear after pouring eight years of my life into something that is failing.
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Okay, the first step is often the toughest. You need to be careful not to relapse or fall into a state of depression. If your shrink is an M.D. ask about some medication to help you along during this period.

Take care.
 
Quote from traderNik:

there is little if any correlation between IQ and trading success.
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According to your own logic, you must be a moron+loser, or a moron+winner, or a genius+loser, but you are not a genius+winner. Understant that, motherfucking moron? If you don't get it, that indicates you are a moron!
 
Quote from IndexSwing:

Jasper,

Do you feel that you really understand why you have lost money so far? Do you have rules that you break or do you follow your rules and still lose money or is your trading discretionary without rules?

Jasper, this is the best post of the lot. Understand your mistakes, analyze them, figure out what you should have done and regroup.
Traders do this every day, ad infinitum. Why? Because we all make mistakes. But the profitable trader has an advantage - he/she has analyzed their mistakes, corrected a problem and marched forward.
Rules can fail and rules can be wrong. Look at your methodology objectively, as though someone else was doing it and you were the independent observer. Step back from where you are and take a hard look at what you're doing.
This is a tough game with few consistent winners. Narrow your focus to one or two setups, refine them, study them, test them, memorize them, dream about them, understand them, make them part of your being. This may sound melodramatic, but as a trader who has fought this battle for many years, I can tell you that at the end of the day, what works is what you know inside out and upside down.
Hope this gives you some encouragement to go forward.
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STOP TRADING DERIVATIVES!!!

buy and sell stocks. Keep it simple, stick to safe stocks and get the hang of it. You need to learn to crawl before you can walk and before you can sprint. You can make money daytrading intel for example.
 
Quote from phlegmologist:

Terrible advice.
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Hey buddy, if you say my advice is terrible, please do back it up with some reasonings.

If you have a better advice, don't just give it, back it up as well please.

Pension_Admin
 
Sorry, I apologize for losing my temper. If someone on the internet believe my advice is terrible, then that is fine.

OP eventually will have to make his own decision based on his own situation and what's best for him.

Sincerely,

Pension_Admin
 
u could be having some chemical change going on with your age,i'm 51 also,have been taking ginseng for about 5 yrs now,not really sure,takes a while to admit your not 30 anymore,anyway i look at depression like gray hair,just another bonus to getting older,i don't take it personal,or dwell or beat myself up over it,just except it and shrug it off mentally,u get pretty good at denial as u get older,u can use it selectively when it's healthy for u,i kind of beat myself up when i get sucked in to the depression, it's a drug like any thing else and u have to stay away from it,maybe step away and deal with what's really bugging u,or live with it ,i used to be a jogger now my shinsplints won't allow it so i live with my middle aged gut, kinda ramblin here but u get the gyst,depression is just an annoyance,don't let it take center stage, u mentioned your love life and trading in the same paragraph so i assume u are in the 7th round of a 15 round boxing match with yourself,she's not in there,neither is your acct,just u,step back and take a look ,u see it,it's all u,now wise up and step out of that ring and get on with your life
 
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