throwing in the fkin towel!!!

I totally agree Neet, I got the impression it's not part of the plan. In fact, it is common knowledge many big traders scale in and out. If it is then the plan needs to be re-worked based on poster's results. We can agree on this.:)
 
actually bighog

forex is very profitable for those who know.

lets face it, 10 000 professionals in entire US that profit heavily from the market

do you really believe that there aren't guys who make a killing of forex

and I ain't talking just institutions

right now you are conversing with a person who does 30-50 pips a day on EUR/USD

but you could never tell by reading my posts, cause I am one of those bitches people can't read, ok.
 
Quote from WyckoffTrader:

90% of traders lose at there first attempt, 50% of those come back with some written game plan, more education and make it to the second half of this great game. 10% of that 50% actually can compete at this great game. 95% of day traders will eventually lose for one reason........UNDER CAPITALIZED.

Come into this great game with capital and make sure you can support yourself for 12 months to 18 months without bringing home a dime........Than you have a shot to learn while adjust to the environment that the market currently portrays.
More...

I can't agree with you more. I have been at this about 18 months, without bring home money, but not losing money, and have financial support from my wife. I am fortunate, we cut back, lead simples low cost lives focusing on what I am passionate at, trading. It makes me laugh, 1 1/2 years ago I thought that in 3 months I could make $500 per day, easy. Now I feel proud when I can average $200 per day per lot. The markets continue to teach me lessons about determination and humility.
 
Quote from slickshal:

ive been at it for 4 months and im down 15k.... arrgh!!!! i worked on the nyse floor for 10 yrs.. trading and making decisive trading calls for some very well to do fund managers through out the street and i was very good at it.. but now that its my money....
More...

Ahahahahaha. OMG. What a surprise, a nyse floor trader can't hack it behind the screen. Yeah the game is a bit different on the other side. In fact, I have noticed that the failure rate among ex NYSE boys, ex-MMs and ex institutionals is actually higher.(Although there are some serious rockstars on occasion, raw talent.)
And then you talk about manipulation, lol what? Yeah I'm still waiting for the thousands you and your buddy Joey the specialist robbed from me.

You know the funny part is that I actually agree with your statement about daytrading US equities as an inferior choice for opportunity. It's gotta be a top 3 most competitive market right now, has been getting tougher for years and is only going to get worse. Hell, I regret getting into and I made a living from it for 3 years, it would have probably been a blessing if I never turned profitable.

But you're a whole other story. Only 4 months and you're flipping out, all because averaging down does not work? Did you expect to make millions within your first month just because you were on the floor for 10 years?

You gotta be kidding me.
 
yeah you are just forgetting one thing hydro

he made on the floor, what you made in 30 years

hows that for a ha ha

his 15 k loss, probably means nothing to him
 
Quote from laptop:

yeah you are just forgetting one thing hydro

he made on the floor, what you made in 30 years

hows that for a ha ha

his 15 k loss, probably means nothing to him
More...

Well we all don't get to be the overprivilieged, no denying that. It's called "den of thieves" for a reason.

If his $15k loss means nothing to him, he wouldn't be so frustrated. Or is it an ego/pride thing of finding out the truth. Really it should humble him and make him realize what he took for granted, but I doubt it.

I've seen it before, funny each time.
 
Quote from Hydroblunt:

Well we all don't get to be the overprivilieged, no denying that. It's called "den of thieves" for a reason.

If his $15k loss means nothing to him, he wouldn't be so frustrated. Or is it an ego/pride thing of finding out the truth. Really it should humble him and make him realize what he took for granted, but I doubt it.

I've seen it before, funny each time.
More...

No mercy. :eek:
 
Quote from slickshal:

ive been at it for 4 months and im down 15k.... arrgh!!!! i worked on the nyse floor for 10 yrs.. trading and making decisive trading calls for some very well to do fund managers through out the street and i was very good at it.. but now that its my money....
More...

Is the averaging down method the same way that you traded with the fund managers?
 
Quote from Hydroblunt:

Well we all don't get to be the overprivilieged, no denying that. It's called "den of thieves" for a reason.

If his $15k loss means nothing to him, he wouldn't be so frustrated. Or is it an ego/pride thing of finding out the truth. Really it should humble him and make him realize what he took for granted, but I doubt it.

I've seen it before, funny each time.
More...

15k means alot to me... im a home owner w/ a family. in flippin under capitalized right now.

and ur right the specs were fukin thieves..i was on the phones side, representing institutions, so we hated them also.. they were so blatentley screwing on prints and we just took it on the chin...

and yes i was friends w/ "joey" (nomore).. he was the hewlett spec and one of the biggest thieves down there.. thats why he's doing time.. his best year was making 30 mil. ripping off the public.. and now he's sacrificed 3 yrs for it. im sure he'll buy some island when he gets out and retire...

im very humble and bery dissapointed right now so keep it coming.. i deserve it..
:(
 
Quote from Hook N. Sinker:

Is the averaging down method the same way that you traded with the fund managers?
More...

sometimes... now that u mentioned it ..i think that plays a big part in it..
i would be given an order to buy 2-3 mil in the morning and just buy stock all day..

pickin spots depending on volume and whos outthere playin the stock also.. institutions that is..

my objective was to beat the vwap (value weighted average pricing), of the stock for the day..and beating by a few pennies was big... and i usually did it..

so the fact that i had deep pockets.. if i was wrong and bought 50k and the stock tanked.. i would just buy more.. bring my average down...
and now i think im the head trader at fidility with tons of money and i basically smoked myself ....



F..V..CC..K..!!!!
 
You must log in or register to reply here.
Back
Top