Any Prop Blew Up on May 6th?

Discussion in 'Prop Firms' started by shortie, May 11, 2010.

  1. I may not agree with the way in which you said it, but you're spot on stock777.

    Deciding to hold the position for the INEVITABLE 10min jam job is certainly not called trading (unless you call it bad trading)...it's simply gambling. It sucks you lost so much and I genuinely hope that you get your life in order, but the trading world is littered with stories like this. Don't blame it on the flash crash, it was just emotionally-driven, undisciplined, bad trading.
     
    #31     May 27, 2010
  2. Gcapman

    Gcapman


    Sorry to hear about your recent misfortunes....

    If you do ever get back into the saddle, my suggestion would be to re-learn some better TA because in all honesty, the magnitude of that May 6 fall was impossible to predict but the slow resistance that was building from early morning was very clear

    Best of luck! :)
     
    #32     May 27, 2010
  3. INEVITABLE???
    what's your crystal ball?
     
    #33     May 27, 2010