Turning $15K credit card debt into financial freedom

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Redsails said:
I have a sound plan. Basically I think that dollar is going to weaken considerably in the near future as the FED will continue to keep low rates due to weak labor market.
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http://www.tradingeconomics.com/united-states/unemployment-rate
http://www.tradingeconomics.com/united-states/jobless-claims
http://www.tradingeconomics.com/united-states/continuing-jobless-claims

So you think the US labor market is weak??? It's reaching full employment... but it's weak...
MBA/Fortune50 employee my ass... I wonder how and when you will ask for personal advice because you're in debt blablablabla.... seen that before.....
 
d08 said:
You can just open the account window, press print screen, paste into Paint or IrfanView and save as PNG file.
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no, he means he doesn't know how to get specific dated statements... :banghead:
 
JackRab said:
http://www.tradingeconomics.com/united-states/unemployment-rate
http://www.tradingeconomics.com/united-states/jobless-claims
http://www.tradingeconomics.com/united-states/continuing-jobless-claims

So you think the US labor market is weak??? It's reaching full employment... but it's weak...
MBA/Fortune50 employee my ass... I wonder how and when you will ask for personal advice because you're in debt blablablabla.... seen that before.....
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Sorry, my English is far from perfect. The US labor market is indeed close to full employment thanks to millions of people like me sitting at home in slacks (hopefully not all of them day trading). Ms. Yellen mentioned us recently saying that there is some slack in the labor market (rather unceremonious remark on the part of the wise woman, I must say). So the right word is not weak but "slacky".
 
Redsails said:
Of course, I do not expect to blow up my account. I expect to win $10K by the end of summer. I just meant that there is nothing tragic in blowing up an account. Many successful traders did it in the beginning. I promise that I will be giving updates to the end. I hope it will become a #1 hall of fame thread.
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Overoptimism is one thing.
Being Robust / Resilient is another one.
IMHO you're fragile and dumb ... Too bold.
Too cocky for letting fortune takin' care of you.
That's great you've planned for the worst scenario.
Because that's what you're laying the foundations for.
There are more unsuccessful than successful ones that blew up.
Because Successful < Unsuccessful ones.... To blow up isn't sign of success.

Above dreams, expectations and wishes there is Reality.
If you hope to make it. You hope to close your trades at a profit.
Therefore you ain't in sync with the market. You're disconnected with reality.

Did you only adjust your Prior expectations with the crap you're making ?

If you give us all the outcomes you've produced so far.
I could run multiples monte carlo simulations.
Just to show you how south it's leading.

My best case scenario is -> troll.
Otherwise it's ... bankruptcy.
Optimistic bias turned ON.
 
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Registered here may 19th, a full month ago ? Plan to live on FX in 3 months?
People, habemus geniusam !

Redsails said:
I was inspired to start this journal by this thread:

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

The poor guy did not make it. I hope I will. I maxed out my credit cards (36% APR) and started day trading forex with $15K stake. After three weeks of trading I am down to $10K, however, I am not losing hope.

I also quit my job for trading forex full time. I have a wife and kid who I need to support (wife not working). Our minimum living expenses are about $3K per month. I have $20K in my checking account. I gave myself three months to prove that I can succeed as a trader. I am aiming for $10K total profit by the end of the summer. If not, I will start looking for a job.
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Maybe peel off some of that borrowed cash and invest in a Rosetta Stone course to learn better English. Could lead to a job. Also. You're headed for a concrete wall at 100 mph (or kph) with your eyes closed. Never trade on money you "need to make", especially borrowed cash. Go get a job.

Redsails said:
Sorry, my English is far from perfect. The US labor market is indeed close to full employment thanks to millions of people like me sitting at home in slacks (hopefully not all of them day trading). Ms. Yellen mentioned us recently saying that there is some slack in the labor market (rather unceremonious remark on the part of the wise woman, I must say). So the right word is not weak but "slacky".
More...
 
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