Jesus, where to start? Firstly no-one said there were only two guys doing well, there are a lot of guys doing very nicely thank you, I just mentioned these two boys as I know them very well, and as they have both only been trading live for a year and I was highlighting the fact that you can get to a reasonable level of success very quickly if you are any good. In other words there are no limits.
My situation is that I have never been in that league but have always been up at the end of the month. No-one gets binned for making a hash of one trade and believe me there were plenty of guys that got hurt on the same figure that I did, however there were plenty that made more than I lost on the same figure. The comedy of it is that a lot the guys trading the Bund and Bobl did the same thing as I did in Euribor but because of the delay on Eurex, and the "price not reasonable" setting that stops you getting filled too far away from market, they thought they were short and paid up, only to find a second later that the original trade hadn't been accepted and they were now long and massively onside. You can imagine how I felt after, chatting to guys who had made £50k by trying to do the same as I.
So the company understood my situation and things are the same as they were before the trade, only now I have a defecit that I will pay back over time. The next week I was affected by the whole thing and started to throw some size around pretty unsuccessfully but I soon settled down to normal. It's just a shame we've had some really terrible markets since. Still, I'm not going to stress about the money I lost because it was just one trade. One error of judgement. One thing that fascinates me is that I have never been as successful as a lot of the other guys and I have always been a trader who doesn't take chances or big losses (ironically), while the biggest earners here are the guys who don't seem to give a shit and have massive down days. It's just that their up days are even bigger.
p.s. Guess what's out on Friday.....it's payback time :eek:
My situation is that I have never been in that league but have always been up at the end of the month. No-one gets binned for making a hash of one trade and believe me there were plenty of guys that got hurt on the same figure that I did, however there were plenty that made more than I lost on the same figure. The comedy of it is that a lot the guys trading the Bund and Bobl did the same thing as I did in Euribor but because of the delay on Eurex, and the "price not reasonable" setting that stops you getting filled too far away from market, they thought they were short and paid up, only to find a second later that the original trade hadn't been accepted and they were now long and massively onside. You can imagine how I felt after, chatting to guys who had made £50k by trying to do the same as I.
So the company understood my situation and things are the same as they were before the trade, only now I have a defecit that I will pay back over time. The next week I was affected by the whole thing and started to throw some size around pretty unsuccessfully but I soon settled down to normal. It's just a shame we've had some really terrible markets since. Still, I'm not going to stress about the money I lost because it was just one trade. One error of judgement. One thing that fascinates me is that I have never been as successful as a lot of the other guys and I have always been a trader who doesn't take chances or big losses (ironically), while the biggest earners here are the guys who don't seem to give a shit and have massive down days. It's just that their up days are even bigger.
p.s. Guess what's out on Friday.....it's payback time :eek:
