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

Is Wabu a warrior or wimp ?
Put the lot on. Is it not better to live one day as a hero than a thousand years as a rabbit ?
Yoooooo Hooo you can do it sunshine.
 
Humpy said:
Is Wabu a warrior or wimp ?
Put the lot on. Is it not better to live one day as a hero than a thousand years as a rabbit ?
Yoooooo Hooo you can do it sunshine.
More...

Get your Red Dwarf Quotes right pls!!

" Better to live a day as a lion than a lifetime as a worm!"
 
wabu27 said:
Day 24:
Beginning of day: $28669
End of day: $27376
P/L: $1,711; -5.88%
Weekly P/L: -13.73%
YTD P/L: -14.79%

Hm... started the day with oh wth what matters what I started with. airlines were just aight. Made money on WDC. Lost the same amount with FDX. Did a lot of daytrading with VRX. Shoulda just ridden it but I was thinking why im have so many losing days. Virtually, my winning days were like 70-80%. I played around alot on VRX. Should not have gambled at the end for the big move - i was betting it to go down. it went up. Hm......
2+ stars for today's trading. I really thought I traded okay today but the results speak louder than my words. Man... always starting the day positive and ending negative. Well, $2,376 more loss and I can't daytrade anymore. After having a good start to my trading journey, now I have a 4 week losing streak. If this keeps up, I won't be able to survive the next week. Will trade more carefully. Concentrate on keeping my capital rather than going after opportunities. Clear my head for the weekend and will start up again on Monday.
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-15% in 24days is better than most.

Switch to Futures IMHO but restrict yourself to 1 contract till your back over 30K+ if not 32K+ then 2.

Bet your trading scared........

Your letting losers run, in the fear of them turning and missing it.

Your closing profits to soon, in the fear of them becoming losers.

When that starts your profits, will never cover your losers, STOP and work on it!!

Ballsy, getting a loan to attempt this, better make it pay off :)
 
So that was it, game over, no more summaries?

Why all the bickering? some people in the thread are reacting as if it was their own money.
 
d08 said:
So that was it, game over, no more summaries?

Why all the bickering? some people in the thread are reacting as if it was their own money.
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There but for 15 years experience I might have gone.
Sometimes you have to be cruel to be kind. Losing regularly will obviously soon wipe out his account so he might as well go for it and have a 50/50 chance to getting it all back plus a bit ?
What a dope !!
 
Humpy said:
There but for 15 years experience I might have gone.
Sometimes you have to be cruel to be kind. Losing regularly will obviously soon wipe out his account so he might as well go for it and have a 50/50 chance to getting it all back plus a bit ?
What a dope !!
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Why suffering with regular losing, whether in trades all trader will hope they can get regular profit monthly, seems is true the market very cruel and no mercy
 
Humpy said:
There but for 15 years experience I might have gone.
Sometimes you have to be cruel to be kind. Losing regularly will obviously soon wipe out his account so he might as well go for it and have a 50/50 chance to getting it all back plus a bit ?
What a dope !!
More...

So were you thinking he'll just give up because of what you say...or more likely were you saying it to make yourself feel good about being right?
Let people make their mistakes. I have never seen anyone here start a journal and quit because of comments advising them to not do it.
 
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