you can all laught at me- I BLEW UP

Make sure this loss does not go to waste.

You can do that by learning from the mistake.

Consider it tuition.

Do not consider yourself a loser because of this, we have all been through this at one point or another during our early stages

Lift that spirit brother.

Anek
 
Quote from JimmyJam:

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
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Good advice, even coming from Jimmay Jam :D
 
guys,you have no idea what your support means to me. i know this is just a message noard but i am humbled by all the reponses. i really means alot to me.
 
Most account blowups are directly related to daytrading since compulsive actions are almost always required. This is akin to gambling and the odds are immediately stacked against you from the get go. More trades executed results in greater opportunities to lose your wad. Have you tried actual position trading instead? How about trying out other markets like currencies or commodities? Try to find a market that you can consistently call correctly and stick with it. Hitting the ES or ER2 slot machine day in and day out is a suckers game...
 
Quote from NY_HOOD:

...anyway,i hope none of you guys get to where i am,its a horrible feeling and none of you deserve it.
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Oh, trust me: Some of them definitely deserve it!
 
good luck my man...you are about to be tested....go down to ac and cleanse the brain...come back tuesday ready to buy and sell, you will be amazed what you can accomplish!
 
Sorry to hear about your blow up, but I think it is a step that majority of traders have to take in order to be successful.

The baptism by fire has just begun. So stay focus and persistence!

Pension_Admin
 
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