why do i keep losing?
- Thread starter nwose
- Start date
Likely you'll continue losing money forever.Quote from nwose:
What is the secret?
Im on my 3rd account and im down 2g after only 3 days, all over again...
Im trying to day trade futures like es, 6e, cl...but im realizing my 50,000 a month dream is a hell of alot harder then i thought it was going to be...
Ive done alot of research for about a year, then did demo, after that i opened a 5,000 futures account and it was gone in 4 daysthats when it kicked in i wasnt a pro scalper like i thought
My second account lasted 2 weeks (getting better!) im on my 3rd now. I was wondering if this sounds like a good idea, try to go ALL in with 15 contracts on margin and try to call the top next week on the es??
how long will it take me to figure this out?
Let me guess you use technical analysis and a mechanical system right?
You are trying to compete with guys with billions of dollars, super computers, seats in the exchanges.
If you continue to do something a machine can do you'll continue to lose.
Quote from nwose:
What is the secret?
Im on my 3rd account and im down 2g after only 3 days, all over again...
Im trying to day trade futures like es, 6e, cl...but im realizing my 50,000 a month dream is a hell of alot harder then i thought it was going to be...
Ive done alot of research for about a year, then did demo, after that i opened a 5,000 futures account and it was gone in 4 days
My second account lasted 2 weeks (getting better!) im on my 3rd now. I was wondering if this sounds like a good idea, try to go ALL in with 15 contracts on margin and try to call the top next week on the es??
how long will it take me to figure this out?
My friend, which are you:
A. Fabulously wealthy
B. Fabulously stupid
C. Fabulously optimistic
D. Fabulously bad at guessing
If the answer is "A", then carry on with whatever nonsense you please and have fun.
If the answer is "B" or "C" or "D", then you need to stop trading immediately.
i have tried this and it works. maybe it would work for you too.
first of all you are attracted to losses... that is why you keep losing.
so you just need a psychologist to make you enjoy losing more than winning.
that way... winning seems like losing to you.
the result is that you are more attracted to losing still ... but this time it is in the form of winning.
when you make a gain... you will feel suicidal. when you lose... you will feel like you are on top of the world.
but that doesn't matter.
what is important... .is that your account will continue to grow.
and even though you feel like killing yourself every day of your life.... you will be able to go shopping afterwards... and face another day.
the big hole in your self esteem... will be filled with new clothes, cars, women, etc.
after all what is more important ? feeling good or having plenty of cash ?
if you try this and are successful .... don't go back to the way it was before.... thinking " oh now i have learned my lesson"
..if you do that.... you will be attracted to losing again... and you will be in the same rut you were in in the beginning.
various drugs can combat the suicidal tendencies you experience. and you will have plenty of money to pay for them.
sure there are side effects to these drugs... but so what.
you won't look good in a bentley with a big stupid smile on your face.
have you seen a single millionaire with a smile on their face ? usually they won't be smiling at all.
that is your ultimate goal.... millions... and a face like death.
first of all you are attracted to losses... that is why you keep losing.
so you just need a psychologist to make you enjoy losing more than winning.
that way... winning seems like losing to you.
the result is that you are more attracted to losing still ... but this time it is in the form of winning.
when you make a gain... you will feel suicidal. when you lose... you will feel like you are on top of the world.
but that doesn't matter.
what is important... .is that your account will continue to grow.
and even though you feel like killing yourself every day of your life.... you will be able to go shopping afterwards... and face another day.
the big hole in your self esteem... will be filled with new clothes, cars, women, etc.
after all what is more important ? feeling good or having plenty of cash ?
if you try this and are successful .... don't go back to the way it was before.... thinking " oh now i have learned my lesson"
..if you do that.... you will be attracted to losing again... and you will be in the same rut you were in in the beginning.
various drugs can combat the suicidal tendencies you experience. and you will have plenty of money to pay for them.
sure there are side effects to these drugs... but so what.
you won't look good in a bentley with a big stupid smile on your face.
have you seen a single millionaire with a smile on their face ? usually they won't be smiling at all.
that is your ultimate goal.... millions... and a face like death.
Elev,
After getting smacked around a bit this week, it was fun to read that. That was hysterical.
I've been short all week, maybe I need to see a shrink too, at least i will feel like i was long.
After getting smacked around a bit this week, it was fun to read that. That was hysterical.
I've been short all week, maybe I need to see a shrink too, at least i will feel like i was long.
Well I think your joking, but on the off chance you are serious, then you might as well take all your money and go buy lottery tickets. It sounds to me like you aren't willing to put in the time and effort to really learn how to trade. If you just blow it all then you can be done. If you want to learn to trade then first you need to stop doing it wrong, go back to the drawing board and read some books like the Disciplined Trader recommended earlier. Then consider if the day trading approach is even for you. You could trade stocks on a daily basis. It might do you good to slow down.
Quote from nwose:
what are these stages?
5 years?! :eek: I cant survive that...all the money im using is from savings and worked hard for it. I dont think it should take that long, within 6 months i shoud be pulling in 20 es points a week with no problems right? 15 minimum, then at that point ill just keep adding more contracts instead of worrying about how many more points.
Thanks for all the advice guys, Im going to call the top and go all in tuesday and hopefuly by friday ill be crusing in my brand new gallardo spyder down pch wooohoooo!
If it is that easy to make 500K a year after 1 year of practice, I believe 95% of the MIT and Harvard graduates would pick up the trading rather than hunting for any job out there.