Turning $15K credit card debt into financial freedom

Redsails said:
Blowing account seems to be some kind of rite of passage for trading career, so I figured the sooner I do it the faster I become a successful trader.
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Jeeezus....try blowing a smaller account that is your money and not a loan. At least try to make this a successful endeavor. Put in some time to give yourself at least a little better odds and don't just treat this like an expensive lottery ticket.
 
You're trading forex right? Get your job back, and trade tiny with somewhere like Oanda and learn what you are doing. Then try this credit card route maybe.
 
JackRab said:
Why not show us the rest of the IB statement, so we can actually see what you traded that ended up in this mess... oh that's right... because BS
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Which part of the statement do you want to see?

I trade exclusively EUR.USD pair. I am planning to describe my trades in detail from the very beginning in coming days.

Examples of bad trades I made: on May NFP release I bought EUR after its spike but then it went down and I lost. When the June NFP report was released EUR jumped up 100 pips, and this time I sold EUR 150K thinking that it will go down quickly, but the next moment it jumped up again by 80 pips and I lost $1.2K

During FOMC decision last week I did not do anything at all. So I am learning from my mistakes ))
 
Ok, I just made a trade: bought EUR 150K at 1.1378. Put a stop at 1.13695. I wanted to not sleep this night and start trading after London opens, but after a week of waking up at 2:30am every night I got tired. I decided to sleep tonight. Let's see what the morning will bring me. Pretty excited, I never did it before.
 
Even though I know this is total trollville, why the hell would you be buying *right here*? Go look at a chart, if anything you'd be wanting to gamble on, it'd be selling here.

And stop trading 150k EURUSD on a 10k account.
 
Redsails said:
Which part of the statement do you want to see?

I trade exclusively EUR.USD pair. I am planning to describe my trades in detail from the very beginning in coming days.

Examples of bad trades I made: on May NFP release I bought EUR after its spike but then it went down and I lost. When the June NFP report was released EUR jumped up 100 pips, and this time I sold EUR 150K thinking that it will go down quickly, but the next moment it jumped up again by 80 pips and I lost $1.2K

During FOMC decision last week I did not do anything at all. So I am learning from my mistakes ))
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Your NAV for instance, with dates... and your MTM performance.

You say in your first comment you started trading 3 weeks ago... May NFP is 6 weeks ago, so how can you have traded that?
Also, when you only trade forex, say 150k euro per trade... that's $10 roundtrip fees... so $1700 in fees is 170 roundtrips... in 3 weeks? For a beginning trader?

Then you say you're "excited" because your overnight trade of 150k....

Again... BS
 
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