Video of a trader blow up Today, NSFW lol

Im not sure if I feel stupid for saying this, but this guy might be a better trader than me, even if its just intraday.

I've read his site and what he says makes sense, he just made a mistake, and he shared his humiliation.

I cant trade the futures worth a damn, so I never would have had anything to lose, like most futures traders.

Hes good, and I think there will be a time when the laughing is on the other side.

And yeah, I laughed my ass off at the video. Totally been there emotionally.


8s
 
Ok I don’t feel so bad that I lost $ 60 today :-)
Seriously I can relate with this poor guy and do not think this is funny at all. $ 27,000 in one day ?? I would probably have a heart attack. He is young and can hopefully recover from this.
 
Quote from pbj:

http://www.break.com/index/stock-future-trader-gets-slammed.html


I love the first line, "This is the face of shock and awe."
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thanks a lot for the link.

to me, it actually wasn't really funny- as i've been there. this right here is exactly why most traders will tell you that you have to blow up once to be truly successful. the averaging down works and works, holding out for a bounce works and works.... until it doesn't- then, shock and awe.

then, if you have any assets left, you fully appreciate the terms 'money management', cutting your losses, and 'stop loss order'. i had a similar awakening in august when i dropped ~40% of my account over 5 trading days devoid of discipline. took a couple of months, but i made it back, and i can honestly say that i now feel i am lucky that it happened- i'm a far better trader for it.
 
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