: What I learnt losing £60,000 in my first year as a full-time trader...

[Riz]

Hehe... hope you didn't think it was me losing it all...

Well it's Malcolm Robinson and he's written an interesting and very useful articele about what he's learnt from it...here is the link, it's worth reading with regard to trading skills and overcoming the fear to trade...

http://www.market-eye.co.uk/free/johnpiper/fullarticle.asp?id=9924

Riz

 

[SP23]

Took him a while to figure that one out didn't it ?!

 

[Riz]

It's getting one's psychology right that takes quite a while...being good at TA, MM and fundementals usually doesn't take you anywhere unless you get that one right...That's the important message for me in that article...

Riz

 

[Khemdou]

Agreed

 

[Vasco da Banana]

Hopefully I'd realise I was an idiot long before I lost £60k.

 

[PipStar]

Hopefully I'd realise I was an idiot long before I lost £60k.

One would probably start to realise that half way after losing 30k Sterling.
That's how much it takes. The market needs some people to lose money so that others like me may prosper :cheesy:

 

[Lord Flasheart]

yep good article. I never lost that much in trading capitol but when i started out I thought it would be easy so decided to go full time straight away.if you include my living expenes for the first few years,I lost near that amount,and thats including a trading profit of about 5k in my first year which turned out to be a fluke.Had to go back to work but things arent too bad now

 

[donaldduke]

Hopefully I'd realise I was an idiot long before I lost £60k.

Never lost as much as that in cash.

But opportunity loss when i started out was much higher than 60K.

 

[avtardhillon]

does the link work. It doesn't work for me ?

 

[Lightning McQueen]

does the link work. It doesn't work for me ?

maybe flash knows something we don't, the thread link is like 11 1/2 years old, marketeye web site died completely around 2008'ish, talk about dead thread redemption

 

[Pipp'in]

should have opened a micro account init

 

[FATE]

I think that's the link

What I Learnt Losing £60,000 My First Year as a Full-time Trader

 

[aag100]

and im pissed at losing 6k in 3yrs!

 

[justtrader]

The 60k lost would have been a exercise in learning to be a snake oil salesman, which is what he is.
Having met him, he did not look like he had 60k to lose.

 

[safvan]

Lost $15k to $20k the market and $5k to Baghdaddy...

That was a few years ago. All along $25k or so if my brain cells are still with me.

It really does take 1 to 2 years to get the hang of for a normal person. Just do your 24 months and the rest will come.