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Quote from R. Raskolnikov:

But...if you were "heavily" short gold at the time then you MUST have been very bearish and, hence, you must have thought gold was going to decline in value. So proclaiming this in the form of a "bold gold call" isn't really all that strange.

I'm more interested in this "ex best friend" situation. Why are you no longer friends?
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Yeah, but I should have closed out and reversed but my ego wouldn't let me.

I guess his new found wealth in his niche ( he created it) changed the dynamic of our friendship. We were close since 6th grade--- but once he found success in business that was the end of our friendship. Why, I'm not sure-- other than we have radically different ideas about money. surf
 
Quote from marketsurfer:

Yeah, but I should have closed out and reversed but my ego wouldn't let me.

I guess his new found wealth in his niche ( he created it) changed the dynamic of our friendship. We were close since 6th grade--- but once he found success in business that was the end of our friendship. Why, I'm not sure-- other than we have radically different ideas about money. surf
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Sounds like jealousy on your part to me.
 
Quote from Lucrum:

Sounds like jealousy on your part to me.
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I WAS jealous due to how fast the money was made-- he was able to scale at an inccredible rate, something that has eluded me . while I am very happy for him i am envious of the scale factor---and not being included in the project---- With that said, my friend tried 7 or 8 other businesses over the years that failed or just broke even--- while I had small time success with my first try at business ( able to quit real job at 27) but biz was just a consistent money maker at the upper middle class level and all attempts to expand it beyond this level failed. Not bad for an initial $15 investment but it limited out very quickly-- lasted for 15 years but never got huge. surf
 
Quote from Lucrum:

Sounds like jealousy on your part to me.
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Its not always jealousy sometimes its the feeling of your own inadequacy. Makes you feel like a failure.
 
Quote from southall:

Its not always jealousy sometimes its the feeling of your own inadequacy. Makes you feel like a failure.
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My business was unable to scale yet it earned several million over 15 years with about 3to7 hours of work per week and the majority of the earnings profit. It wasn't a failure by any stretch and gave me the time to develop my interests in the market and other things. But when your close friend goes from earning a living to making multiple 100k per month--- this really changed him and seemed to end our friendship. surf
 
What I see in this thread as a trading psychologist is too much focus on single trades. That's not too constructive to pay so much attention to single calls and not the overall picture. Creates a tendency to try and force winners.

No good. Surf, if you consider becoming a professional trader, focus on the bigger picture and care less of single trades. Just cut them if they go against you and analyze hold or fold if they go ITM.
 
Trrading the same instrument every day that's where you start to apply the math ... since you will have meaningfull figures. If you jump from pruduct to product ... well most likely you are just gambling on hunches ...
 
Quote from marketsurfer:

YG june gold emini contract. We have created a death channel in the contract at 1433 to 1377--- trades will be entered in the direction of the break out, at 3 minutes after breaking above or below the channel line--- Surf:)
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Are you going to cover your 1372 short around 1433 and go long or go flat?
 
Well, you can think what you want: I know way more people with great equity curves that stick to one or two products. People humping from one thing to the next are typical retail 'investors' that sooner or later fuck up in a big way ...
 
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