Took out a loan to transition to full-time trading. 24 years old.

Thank you :)

Does anyone follow crude oil??
Wow it's going down so beautifully right now I really wish I didn't have to work today and just trade all day. Easy straight fall with no trick movements...
 
Day 30
+11.47%
Woke up at 5:30am and oil was near its ceiling, starting to come down. Went in and out during the day for easy profits. I thought today may be a massive drop, much bigger than yesterday. While it may still be possible, right now it looks like it has some resistance present.
I was super let down after my huge 40% loss on Monday, but i somehow made it back and some more. Looking forward to next week for more trading!!!
 
If you can get these daily return and keep your loss within 10%, you will be able to pay back your loan sooner than you hope. 3500, 7000, 14000, 28000, 56000, a couple more doubling and you will be liberated from the debt and sailing towards your land of financial freedom.
 
https://2ndskiesforex.com/trading-strategies/forex-strategies/money-management-and-the-risk-of-ruin/
https://www.thebalance.com/how-to-day-trade-small-to-produce-big-returns-1030863
http://www.wisdomtrading.com/risk-drawdown-ruin-calculator/
http://traderfeed.blogspot.com/2010/01/how-to-avoid-risk-of-ruin-in-trading.html
http://www.futuresmag.com/2009/07/31/minimizing-your-risk-ruin
https://www.earnforex.com/blog/risk-of-ruin/
https://www.profitabletrading.com/education/trading-systems/reduce-your-risk-ruin
http://bettersystemtrader.com/are-your-backtest-results-fooling-you/
http://www.brameshtechanalysis.com/2017/07/risk-of-ruin-in-trading/
http://www.tradingacademy.com/resources/financial-education-center/forex-risks.aspx
http://www.traderscalm.com/ror.html
http://www.newtraderu.com/2015/01/08/the-risk-of-mental-ruin-for-traders/
https://truthaboutfx.com/podcast/ep104-why-care-for-risk-of-ruin/
http://www.onestepremoved.com/tag/risk-of-ruin/
http://www.philstockworld.com/2010/01/17/how-to-avoid-risk-of-ruin-in-trading/
http://investorplace.com/2010/04/risk-of-ruin-a-common-trading-mistake-that-could-ruin-you/
http://blog.mdwoptions.com/options_for_rookies/risk-of-ruin-an-unpleasant-topic-for-traders/
https://www.linkedin.com/pulse/risk-ruin-why-most-traders-fail-bradley-wolff
https://www.tradingsetupsreview.com/traders-survival-guide-primer-risk-management/
https://duckduckgo.com/?q=risk+of+ruin+trading&atb=v77-3_q&ia=web
 
Xela said:
I hear you, but there are also ways of learning how to try without money; for most people it's better to go through that process first, and use money only at a later stage after you can be confident that you've minimized the risks of "going down big".
More...
 
Day 31
-45.3%
I'm at the same point as last monday, after the 40% loss.
Overnight, starting sunday, i put on a small position. I was sleeping/waking up to check on my position and make adjustments. I was trying to get couple hundred bucks but got caught in a huge downfall and just bombed it. I dont know what the hell i was doing because by the time market opened i was down like $3000. Had no idea what's going on all day. Just exhausted right now. Holy crap this was the big drop i was waiting for for like 3 weeks and i totally rode it down, with a wrong position. Just o.m.g... what the hell happened this morning.
 
wabu27 said:
Day 31
-45.3%
I'm at the same point as last monday, after the 40% loss.
Overnight, starting sunday, i put on a small position. I was sleeping/waking up to check on my position and make adjustments. I was trying to get couple hundred bucks but got caught in a huge downfall and just bombed it. I dont know what the hell i was doing because by the time market opened i was down like $3000. Had no idea what's going on all day. Just exhausted right now. Holy crap this was the big drop i was waiting for for like 3 weeks and i totally rode it down, with a wrong position. Just o.m.g... what the hell happened this morning.
More...
dont trade on monday
 
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