Yes, but there were many times I "rescued" the account with good trades after equity falling sharply from overleveraging or simply bad trades. After so many rescues, the end result over many years was for the account to be untradeable (i.e. not enough cash to hold a margin position except in some pathetic contract like oats). I did give myself an X date where if I couldn't trade futures successfully I would stop. That was my time stop.
This is what happens when we don't use stops...
- Thread starter xelite777
- Start date
+1Quote from failed_trad3r:
I love this video. Watched it in 2008. What a newb i was. I did the same thing as that guy, but unfortunately (or fortunately) didnot videotape my near blowups.
I was laughing so much.
This guy was know from the defunct blog "High probability Trading"
lol
whenever somebody used the buzzword "High probability Trading", be cautious
What I've noticed is that they can never assign a number to "high probability." It's just a buzz phrase somebody created because he thought it sounded cool and implied competence.
Quote from xelite777:
Traders, always use stops and don't risk it all on one trade, you don't want to end up like this unfortunate (and very angry) trader
http://www.youtube.com/watch?v=vIMwMsY0ndo
Don't you just love it when the FNG shows up and presumes to "inform" us? As if we couldn't possibly already know.
Another one.
http://youtu.be/dj6aovMOKMs
<iframe width="420" height="315" src="//www.youtube.com/embed/dj6aovMOKMs" frameborder="0" allowfullscreen></iframe>
http://youtu.be/dj6aovMOKMs
<iframe width="420" height="315" src="//www.youtube.com/embed/dj6aovMOKMs" frameborder="0" allowfullscreen></iframe>
Lol hadn't seen that one before. Funniest part it was only $1,500... Which ET'er do you think this is with the $5k prop account?
Bar by bar replay.. that one is fake.
Funny though.
Worst acting I've ever seen in that second one. In the first one you can tell the guy is in some real pain.
