WOW, So now I know who took this picture of me 21 years ago when I lost 10 grand in twenty seconds, I learned the difference between BIG reports and minor ones in S&P500.
+1 He's gonna be sad with this good sized correction to take care of that parabolic from last week, way more likely to hit 1.30 first with how its been behaving today even if it just sits here and consolidates more between 1.2990 and 1.3060 Spain really just sounds like an excuse atm.. they will have to cave to the ECB eventually and not like they were an unknown quantity before hand Dont take the margin call.. take your licks with your wins.. sometimes the market just doesnt go the way you think it will and you have to admit your wrong.. pride can really be a nasty enemy although on the flip side you could not really give a shit since its still more than what you started with.. although as you confessed way earlier.. you worked for that money.. so now why throw it away?
I know it is tempting, but do not get too involved with this. After all he is paper trading. I still stand by my assumption of this being his attempt to convince himself on paper in public that he can actually do this live with real money. EPIC FAIL. People do not understand how the market works. Fear and greed establish the market, taking advantage of this aspect is what creates opportunity. YET 99% of "traders" cannot see this, and they in return add their emotions to the pot of existing emotions, and in doing so create all the opportunities that i take advantage of each and everyday. The heard is blind and always will be. No trader that makes money will want to comment on this post, every trader that loses money will dismiss this post. and this is why the market is a market. HFT this and HFT that, i cant make money anymore because the market has changed. Horseshit. It is the same and always will be. Yes i am shit canned atm, but this might be the most INSIGHT-FULL post that has ever been posted on this site.
I'd add hope to your list beyond just fear and greed... need hope to do the good old pump and dump... real em in with greed and make em stay with hope and a prayer
Hope is the last endpoint of fear, so in fact it is the same thing. Regardless, we are saying basically the same thing though.
You only lost $270 long 1.75 lots and losing 80+ pips? Amazing. When you are as good as you are at this i guess anything is possible. It's almost like..........