ffsear
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Took out a loan to transition to full-time trading. 24 years old.
A troll isn't someone who is incredulous at your journey of £3.78 a day gambling whilst being unable to make any money trading indices.
Look I left your thread titled look at my pathetic attempt at riches and now you come here to repeat it.
Go have a bet or are you eeking out your £100 till dole day?
Look I left your thread titled look at my pathetic attempt at riches and now you come here to repeat it.
Go have a bet or are you eeking out your £100 till dole day?
Sonicscooter
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Im lost....all gone over my head as i must have been on a T2W brake during this bit....
ffsear
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Well you haven't left it really because your still banging on about it. Did I bring it up in here ?? No, you did.
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ffsear
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Im lost....all gone over my head as i must have been on a T2W brake during this bit....
Nothings changed, same trolls, different names
Im lost....all gone over my head as i must have been on a T2W brake during this bit....
No he is a failed £2 a point Dax trader and would ''get all frustrated and blow my account if I lost a few trades''. I think that was the gist.
He now started to gamble on the horses and proudly showed his £3.78 a day for last month and I was foolish enough to comment, especially as he started saying it can't be scaled and now it can but anyway with a £100 life roll I think the thread may take a long long time to get to any meaningful level.
His only post here to to criticise my posts as I think he is one of these people that get off on attention, good or bad it's all the same to them. Hence the thread he started just begging to be slapped.
At least this kid here is going for it and has something on the line, rightly or wrongly.
ffsear
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I don't really see what the issue is, Yes i tried trading the dax and failed. At least i'm honest about it. Whats that got to do with this or any other thread? I still have the right to post on any thread i like.
I simply pulled you up on here because you made some incorrect and ill informed comments.
Now your back to throwing childish and personal insults around.
And you call me the attention seeker?
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mb325
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Wabu you seem like you've got your head screwed on more than most but there's a 99% chance you're on a road to ruin here. It's pretty obvious you're lacking in money management and as several others have mentioned you've triggered some major pyschological red flags along the way. Eventually you'll get a string of these -10% days in a row, your emotions will completely take over, and you'll lose the lot.
Worst case scenario in a months time you're jobless, moneyless, and owing over $6k/year. It's a risk which is completely unnecessary given your situation. You seem to be in a rush but you are young and have plenty of time - the markets have been around for hundreds of years and they will be around for hundreds more.
I urge you to pay back the $25k, keep your job, read a book or two on money management and trade with your $16k you now have - you can afford to lose this, but the marginal benefit of using the extra $25k is just not worth it.
Whatever happens, good luck.
Worst case scenario in a months time you're jobless, moneyless, and owing over $6k/year. It's a risk which is completely unnecessary given your situation. You seem to be in a rush but you are young and have plenty of time - the markets have been around for hundreds of years and they will be around for hundreds more.
I urge you to pay back the $25k, keep your job, read a book or two on money management and trade with your $16k you now have - you can afford to lose this, but the marginal benefit of using the extra $25k is just not worth it.
Whatever happens, good luck.
We get it, failed trader, compulsive gambler doesn't want anyone else to be a winning trader.
How can you fail on Dax is beyond me.
new_trader
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Bad financial decision
Yes, but entrepreneurs who do that have a very good understanding of the business before making the plunge. Contrast that with the OP who says "I have lots to learn, so little time, and just one shot."
You need to consider whether what is being done is a bad financial decision or not and I think it definitely is. Just like borrowing £5000 to spend on lotto tickets is a bad financial decision regardless of how much you can afford to lose. Just don't do it.
Yes, but entrepreneurs who do that have a very good understanding of the business before making the plunge. Contrast that with the OP who says "I have lots to learn, so little time, and just one shot."
You need to consider whether what is being done is a bad financial decision or not and I think it definitely is. Just like borrowing £5000 to spend on lotto tickets is a bad financial decision regardless of how much you can afford to lose. Just don't do it.
ffsear
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zzzzzzzzzzz
More of the same. Your just embarrassing yourself now.Your going on ignore. I'll let the others deal with you.
Telejazzer
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In response to the OP. Making 25% just to break even makes me cringe.
The average Objective for 'Hedgy traders', (style Moore capital) is 00.25 per day before costs etc.....so I would suggest a 2% per month is only a water mark.
Telejazzer
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Hmmm... Is this a thread on What Not To Do?
Sonicscooter
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new_trader
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I'm a little slow today so I can't quite figure out your maths. Can you provide a worked example?
mb325
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u wot m8
ffsear
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Say you have no money. You borrow 25,000 to trade with and lose it. Your back to Zero and still owe 25,000.
Losses 25,000
Debt 25,000 and no way of generating the repayments, which now have to come from your salary, which wasn't part of the plan. Your effectively taking a pay cut.
Equity swing - 50,000.
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