about 2 weeks ago, my account at IB dwindled down to like $1975. to place a trade, you need $2000. so i wrote a check for $50 to get back above $2000 and considered my next trade a hail mary trade. well, i did the trade today and lost like $200. i really just don't have the money to continue. 0% of me wants to quit, but i just can't afford to send more money into my account, so i am for the time being, done. yes, i know a couple months ago i started a similar thread, but i found a way to get some more money, so i could keep at it a little longer. but now, i just don't know what the hell i can do. i can already see the responses now from dbphoenix, nkhoi, elcubano, etc. i'm looking for sympathy, blah blah blah. i'm gonna state right now, i don't care what negative responses i get in this thread. i really just don't give a fuck. that said, my (financial) life has made a new all time low today. i totally feel obliterated. i have put countless hours into trying to trade since 1999, i'm 25, and i have absolute NOTHING to show for it and i'm pissed. i'm gonna have to get a job and i'm probably going to get paid like minimum wage. who the hell is going to hire me when i haven't had a job in like 3 years? what am i going to say at interviews? "so what have you been doing the last 3 years?" "trying to trade, but i lost all my money." on top of that, i am going to be MISERABLE at some job. you people can have any opinion you want of me, but i am not someone who should get paid minimum wage, i don't care what anyone says. i'm gonna be miserable!!!!!!!!!!!!!!!!!! finally, i almost feel like the last few months i was really starting to understand the market. i may even have a profitable trading strategy but my account is just way too tiny to trade it. that's another thing that pisses me off. if i had an ok size account, i could maybe make at least what i'll make at some minimum wage job. once again, i am NOT asking for help and i am NOT looking for sympathy. i'm just posting my current situation and it sucks.
Be positive.. How about paper trading your new ideas.. and when you have more $ put it to use. Many of the best traders .. have had periods like yours. I also quit trading for a few years in the beginning until I was ready again. --MIKE
This is simple: you can be a genious if you have no capital for trading there is no way you can do it. It's like for any business.
To the contrary, I'm completely supportive. I said a long time ago that you should quit. I'm glad to see that you're doing so.
i went to school, but didn't finish. the main reason i quit was because i started to trade during the nasdaq top and i was actually making money. so i put school on hold. i told myself that if it is possible to do, i will just keep at it until i figure it out. i DID do that (i never quit), but now i just CAN'T trade because i have no money. while i was in school, i did do good though...got 4.0. but i'm extremely lazy if i'm not interested in something. if a teacher tells me to read 4 poetry books and write a 15 page pager, i will just think in my head, "fuck this bullshit." on the other hand, if i AM interested in something, i will go at it full force. i would continue to trade now if i had the money to do it. i have not given up trading, i just am forced to stop. anyway, i went to school for computer science. i also took a bunch of web design classes. that's another reason i'm screwed, no degree. but, i have no one to blame. i made my own choices and accepted the risks. it backfired and now i gotta pay the price......
Gordon. Sometimes you need to walk away. This does not mean you are a failure. It means you were smart enough to know when to stop.
just to be clear. i am not giving up. i am just FORCED to stop right now (can't place a trade at IB).