Really need advise on my trading system

T

twokick

Greetings to all esteemed traders! I am a significant novice in the stock market, and the manipulative forces on Wall Street have led to substantial financial losses for me (35,000 USD), nearly my entire net worth.

I am seeking guidance on how you all conduct your trades. Is technical analysis a viable strategy for recouping my losses?

In an effort to recover, I have developed a tool that utilizes technical indicators to predict market fluctuations, compelling myself to make judgments on the rise and fall after discerning the trends from candlestick charts. (https://guessupdown.com)

Is this path truly the right one? I am in need of advice, and insights from those who have been in my shoes.

I just want my money back
 
You can't get your money back if you already lost the majority of your net worth.

The secret to attracting money is not needing it (similar to how you should conduct yourself around m'ladiez).

So get a nice career and an education if that will help, and don't let your dollarz leak out again. Lock them in a cage!
 
Yep. "The Market" is definitely out to get you! "The Market" will take your money and then come to your house and kick your dog. Uh oh...there's someone at the door... :(

twokick said:
.....I am a significant novice in the stock market, and the manipulative forces on Wall Street have led to substantial financial losses for me (35,000 USD), nearly my entire net worth.

I just want my money back
More...
 
Option_Attack said:
Yep. "The Market" is definitely out to get you! "The Market" will take your money and then come to your house and kick your dog. Uh oh...there's someone at the door... :(
More...

Nothing more humbling than the market!
 
twokick said:
Greetings to all esteemed traders! I am a significant novice in the stock market, and the manipulative forces on Wall Street have led to substantial financial losses for me (35,000 USD), nearly my entire net worth.

I am seeking guidance on how you all conduct your trades. Is technical analysis a viable strategy for recouping my losses?

In an effort to recover, I have developed a tool that utilizes technical indicators to predict market fluctuations, compelling myself to make judgments on the rise and fall after discerning the trends from candlestick charts. (https://guessupdown.com)

Is this path truly the right one? I am in need of advice, and insights from those who have been in my shoes.

I just want my money back
More...
Good Evening twokick,

I feel your pain my friend. I lost about $25,000 last year and total of about $35,000 the past 8 years trying to be the ES futures master.

I wish I had those losses back now more than ever. I could really use the -$35,000 I loss so far.

But I will never get it back. It is my fault and I have take accountability for my losses.

I have a buddy lose nearly $600,000 trading options and another guy I know loss nearly $80K on NQ futures.

I have no answer for you buddy. But everyone on ET forum have taking losses.

Just keep on trying buddy. I have no advice man.
 
twokick said:
Greetings to all esteemed traders! I am a significant novice in the stock market, and the manipulative forces on Wall Street have led to substantial financial losses for me (35,000 USD), nearly my entire net worth.

I am seeking guidance on how you all conduct your trades. Is technical analysis a viable strategy for recouping my losses?

In an effort to recover, I have developed a tool that utilizes technical indicators to predict market fluctuations, compelling myself to make judgments on the rise and fall after discerning the trends from candlestick charts. (https://guessupdown.com)

Is this path truly the right one? I am in need of advice, and insights from those who have been in my shoes.

I just want my money back
More...
Forget about your losses and walk away. Consider it a tuition fee for the school of hard knocks. If you don't, you'll end up pissing away even more.

Anyway, no technical indicators will ever make you whole again. In fact, more people have lost money because of those useless "indicators". First, they lag and by the time you got your signal the price already moved on without you. But I agree, they look really good in hindsight, sadly. Second, third, fourth...nth reasons, ditto.

What else. Oh, yeah. It would be better to just invest your remaining money in one of them index funds and HODL for the next 30 years. Eventually, you'll recoup that $30K, provided we don't go into hyperinflation.
 
First things first...How do you know you do not have a gambling addiction vs being a trader?? Take a hard look and ask others you trust.

I would walk away from trading for about 5 years. Do not put good money after bad!!

Find a job with a matching 401k...Stay at least 5 years for total/complete vesting (most companies require 5 years).

If you have a self employed job, fund an IRA...With a combo of S&P 500 and money market funds.

This may sound crazy...But I heard it in junior college (about 1974), from my college professor...Personal Finance (he had an MBA from Harvard). Consider working in the family business. Yeah, I know you probably hate it (as I did...And swore I would never go into it), but there can be a living made out of that business.

The last piece of advice for now. Once you have a good down payment, buy a home or townhouse. Find the worst house in the best location. Make sure it is structurally sound and just needs cosmetic work done to it. Look up the words "sweat equity".

Again, walk away from the market and rethink everything...
 
twokick said:
Greetings to all esteemed traders! I am a significant novice in the stock market, and the manipulative forces on Wall Street have led to substantial financial losses for me (35,000 USD), nearly my entire net worth.

I am seeking guidance on how you all conduct your trades. Is technical analysis a viable strategy for recouping my losses?

In an effort to recover, I have developed a tool that utilizes technical indicators to predict market fluctuations, compelling myself to make judgments on the rise and fall after discerning the trends from candlestick charts. (https://guessupdown.com)

Is this path truly the right one? I am in need of advice, and insights from those who have been in my shoes.

I just want my money back
More...

I most likely have a chunk of your losses, being I have 4.5 decades of investing/trading experience, am surprised you would trade against my brothers and me. Oh, I don't give refunds.

One huge mistake is not knowing about the markets and relying on sites, if these sites were any good, originators would be trading it.

Learn charting, risk little and target large.
 
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