you can all laught at me- I BLEW UP

[detective]

I think the next time you trade, you have to make sure that you have sufficient money in the bank to live on for at least 6 months outside of your trading account. That will put less pressure on you to make money every day and be able to take losses without it affecting you too much mentally.

The key is to start with enough capital to give yourself a fighting chance, don't rush it. Save up enough money and give it another go.

 

[mde2004]

What did you end up losing NY_HOOD...

 

[Reaver]

Quote from stupididiot:

Sorry for you guys blow ups. You probably don't want to hear it, but I'm up big time the last several years. I thought I ought to let you know that I think maybe I got your money, you know, with all that zero sum game and shit. I felt that I should get this off my chest; a confession of sorts. Not that I don't want you to keep blowing up. I like the money. I really do. I just felt kind of bad about taking y'alls green. Well, not too bad...You know what I mean. Peace.

You're an asshole and for the record I hope someone in your family dies soon.

Not to mention the fact that you're probably lying about being up anyway.

 

[pumpanddumper]

Quote from NY_HOOD:

its a bad situation. you guys mention "dark and lonely". you're not kidding. again,don't want to come across as a complainer i am just venting because who else would understand? only those that trade do. its going to be a long weekend,perhaps thats a good thing,get my head straight. have to go to a get together tomorrow and i don't know how i'm gonna do that.

I have a Bachelor Party to go to at the Borgota and don't even want to go. I know the feeling, you don't want to deal with shit. You don't want to hear people it will be all better. You want to curl up in a ball and die.

The only thing that makes me happy is money and women.

 

[Businessman]

You havent said you are feeling suicidal, so things can be that bad ...

You need to take a break, atleast six months.
Find a job. Any job. Just stop the bleeding and mental torture.

 

[JimmyJam]

Quote from NY_HOOD:

today i finally blew up or came pretty damn close. some will laugh and some will not care but i am posting for the heck of it anyway. i was up and then gave everything back and then some. why" because i was up 400 and needed another 600 to pay some bills.its a never ending sage with me and i just don't know if i have the proper discipline to do this. obviously i am extremely upset about my current situation and don't know what the heck to do. i have no other skills(not that i have any trading skills) and i have a family to take care of. i am actually nervous but i have to do something.
i know someone is going to tell me to stop complaining and i fully understand.i'm just venting because some of you may have been in a similar situation and understand. anyway,i hope none of you guys get to where i am,its a horrible feeling and none of you deserve it.

We don't really have enough information to work with on a public bulletin board, but basically from your post I can tell you know you need to change-up what you're doing, and how you're doing it.

1. Get another means of income to support your family, period. If that means working at a hotel, or a restaurant, or a bar, whatever it takes, do it (you can't be stress'in about hav'in to pay da bills and trade well ... I can guarantee you it ain't gonna go well if you do).

2. Never "have to" make a certain amount of money, take what the market will give you and be happy. Remember, there are a lot of guys trading large size, so even a small move to them equates a lot of money.

3. You've already proven you have the skill (was $400 bucks today, no small feat), you just have to surround yourself with a supportive environment which will enable you to fully realize your potential as a trader ... you've gotten this far, all you have to do now is just keep putting one foot in front of the other.

Good trading,

Jimmy Jam

 

[pumpanddumper]

Quote from Reaver:

You're an asshole and for the record I hope someone in your family dies soon.

Not to mention the fact that you're probably lying about being up anyway.

Probably a low stakes trader or paper trader.

Get behind the wheel after a few drinks, don't wear your seatbelt, drive fast into oncoming traffic.

 

[volente_00]

Been there, done that. Scared money is dead money in this game. Pay yourself first. Then what is left to risk won't bother you like it is now. Just remember, the market will always be there to come back to.

Quote from NY_HOOD:

i just don't know if i have the proper discipline to do this.

Before you do, please buy this book and read it until you have drilled what he is saying into your head. Good Luck


http://www.traderslibrary.com/moreinfo.asp?item=2121&SID=KIGJTFAHQSFD3DF959417266315235AD&lc=gurus

 

[trader_david]

every day every monemt there are traders who blew off their accounts and leave the market permanently, you are not alone.

every day the market reinfoces the fact loudly that in the whole wild world: only 1 in 10 finally survive the market and grow into a prefessional consistent money making trader.

people failed not because they lack skills, not because they lack funds, not because they lack motivation, ......

they failed in their belief " they can take money out from the market easily", they do not know "trading is a business", just like other business, COMPETITION IS very FIERCE AND BRUTAL, DO YOU HAVE ENTREPRENEUAL SPRIT, DO YOU HAVE BUSINESS BRAIN, DO YOU HAVE ENOUGH BUSINESS EXPERIENCE, DO YOU HAVE COURAGE AND PERSISTENCE....?

first ask yourself those questions, then decide what to do!


the market is not for everyone!

 

[stockerup]

Quote from stupididiot:

Sorry for you guys blow ups. You probably don't want to hear it, but I'm up big time the last several years. I thought I ought to let you know that I think maybe I got your money, you know, with all that zero sum game and shit. I felt that I should get this off my chest; a confession of sorts. Not that I don't want you to keep blowing up. I like the money. I really do. I just felt kind of bad about taking y'alls green. Well, not too bad...You know what I mean. Peace.

Your username says it all.