Video of a trader blow up Today, NSFW lol

Quote from Thunderdog:

Even in a zero sum game, laughing at your own success is not quite the same as laughing at someone else's misery.

Some of you people should be ashamed of yourselves.
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Schadenfreude, it's an attribute of people who belong to the losing curve within a zero sum distribution.
 
Quote from Optionpro007:

Empathy for being an undisciplined idiot? lol don't think so
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Really? I was under the impression that you had been there:
Quote from Optionpro007:

...I suppose only the ones who have been there and have used the experience to learn about this business are allowed to laugh about it
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If your own similar experiences cannot help you understand the misery of others, however much they may have brought it upon themselves, then there is little left for me to say.
 
Quote from palenimbus:

If you don't think it's funny, then so be it.. but geez you're like a nagging women... just shut the f up man
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I invite you to take this opportunity to go fuck yourself.
 
Before I started trading for a living, I had a stock go down 13k on me from close to open. Maybe, because I was not trading for living, I took it better than him. I certainly learned from it. You have to be prepared for the market to go against you and to trade for a living you have be psychologically constructed in a certain way. I only daytrade now, and not holding overnight is the probably the best thing about daytrading.
 
You know, the sad thing is if the market had gone up and he had made a lot of money. He would have thought he was a financial genius.

Predicting turning points is the hardest thing to do in trading. Better to stay with the trend. Or not make reckless ALL-IN bets.

And no, it's not funny at all.
 
Quote from Thunderdog:

Really? I was under the impression that you had been there:

If your own experiences cannot help you understand the misery of others, however much they may have brought it upon themselves, then there is little left for me to say.
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A profitable trader only profits from the unprofitable ones.

The disciplined trader profits from the undisciplined ones.

If you feel sorry for the undisciplined ones you are in the wrong business.

What is 'funny' about the video is not the money he lost but his reaction, typical of when the market catches you with your pants down. Very funny. IN RETROSPECT

A conservative disciplined trader like yourself probably has never experienced the feeling. Good for you....:)
 
Quote from Thunderdog:

I admit I don't quite understand his rationale for posting it. But you can view it as a public service to those who are starting to get a bit too arrogant for their own good. A cautionary tale.
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force of habit, on his blog he is still long and waits for his broker to liquidate him.
 
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