Losing it all! (loosing)

This is a discussion on Losing it all! (loosing) within the General Trading Chat forums, part of the Reception category; Originally Posted by new_trader 1) I traded a mechanical system to start with and that required a number of account ...

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Old Jan 23, 2012, 4:01pm   #33
 
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Re: Losing it all! (loosing)

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Originally Posted by new_trader View Post
1) I traded a mechanical system to start with and that required a number of account top ups until I finally gave up and realised that mechanical trading is bullsh!t.
Ummm correction: your mechanical trading is bull****.

I've been using mechanical systems for years, and wouldn't have it any other way.
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Old Jan 23, 2012, 4:09pm   #34
 
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Re: Losing it all! (loosing)

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Originally Posted by DionysusToast View Post
You want to place yourself in a group of successful people, this is understandable.

Of course, some people have tried, failed, dusted themselves off and become successful.

Many, many more traders have tried, failed and eventually given up, run out of money or run out of spousal patience.

Which group you will eventually be in remains to be seen. It is largely irrelevant whether any individual trader has blown up and consequently made it.

You blow up through excessive risk, which you may or may not have been aware of.

It's not a particularly smart thing to do. People that do it claim to have learnt their lesson. Usually the lesson is - "don't go all in". It's all down to risk appetite & greed.

I'll admit to being a plodder when it comes to trading. I do not aspire to becoming the next George Soros.
of course it was excessive risk. i have 100% tolerance to risk. it does not bother me..which is obviously a very bad trait to have.
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Bullsh!t, Bearsh!t all smells the same to me!

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Old Jan 23, 2012, 4:10pm   #35
 
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Re: Losing it all! (loosing)

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Originally Posted by scose-no-doubt View Post
I agree. The main reason I stopped trading is my inability to accept losers. Whether that's to do with me being unwilling to accept I was wrong or whether I was trading too high a stake and unable to let go of the money I'm still unsure. When I've built up a big enough pot to have a go I'll find out.
you dont even trade lol, yet you spout out bs like your the messiah.

i may say alot of outrageous things on here, but i do actually have a couple of feathers in my cap.
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"Let me issue and control a nation's money and I care not who writes the laws." Mayer Amschel Rothschild

Bullsh!t, Bearsh!t all smells the same to me!

"It is not cheap to develop automated systems , mine already cost over $1m. " oildaytrader
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Old Jan 23, 2012, 4:20pm   #36
 
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Re: Losing it all! (loosing)

Quote:
Originally Posted by DionysusToast View Post
I don't use systems, so I wouldn't go through a protracted losing streak with the hope that the system would start making money again. I'm mostly a discretionary trader. The markets do change but from my time with them I have managed to adapt to the changes, a result of watching the market most days and changing with it.

I started off barely risking anything when I traded. Should I have a big draw, then I will go back to barely risking anything and only size up if I got my confidence back.
So there's no reason, you just don't think you will, fair enough.
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Old Jan 23, 2012, 4:26pm   #37
 
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Re: Losing it all! (loosing)

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Originally Posted by N Rothschild View Post
you dont even trade lol, yet you spout out bs like your the messiah.

i may say alot of outrageous things on here, but i do actually have a couple of feathers in my cap.
Messiah? I've been chatting with a few people on a message board about things I've experienced and studied. If you want to continue to use this place to measure your c*ck (small I'm assuming given the degree of compensatory blabber you put forth) in between blowing up accounts then that's your business. I'm here to learn from people.

You saying I spout BS is rich. You were Mugabe's doctor last week weren't you? And going to LSE for a £60k masters before that?

Actually the only thing you say that has any discernible substance is that you've blown high five/low six figure accounts that your dad or someone boxed off for you.

The feathers in your cap are worth about as much as the sh1tty ones on a chickens ar5e.
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Old Jan 23, 2012, 4:29pm   #38
 
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Re: Losing it all! (loosing)

lol, not a single accusation in that diatribe is true. nice try though.
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"Let me issue and control a nation's money and I care not who writes the laws." Mayer Amschel Rothschild

Bullsh!t, Bearsh!t all smells the same to me!

"It is not cheap to develop automated systems , mine already cost over $1m. " oildaytrader
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Old Jan 23, 2012, 4:42pm   #39
 
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Re: Losing it all! (loosing)

http://www.trade2win.com/boards/gene...niversity.html

http://www.trade2win.com/boards/foye...ml#post1626830

http://www.trade2win.com/boards/gene...ml#post1772172

Oh and here's more of my bullsh1t, Mr Economics
http://www.trade2win.com/boards/foye...im-off-4.html#

Maybe it wasn't so stupid after all.
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Old Jan 23, 2012, 4:51pm   #40
 
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Re: Losing it all! (loosing)

you clearly cant read can you.

because i wanted to study economics ages ago means i said i was going to do a 60k masters at lse?

i have never denied blowing up. but a) it wasnt a high 5 figure account and b) my daddy had nothing to do with it.

i have debated studying medicine for years, so that means i said i am Mugabe's doctor?

no wonder you dont understand markets if the facts get so badly fudged in your brain.
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"Let me issue and control a nation's money and I care not who writes the laws." Mayer Amschel Rothschild

Bullsh!t, Bearsh!t all smells the same to me!

"It is not cheap to develop automated systems , mine already cost over $1m. " oildaytrader
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