aphex.. hi dude, thx for all the comments throughout this thread. you and i have always been ET's young underdogs. i hope things work out for you, as well.
LongShot, i'm starting to think you keep your PM box full on purpose..and knowing you, probably for some strange reason, too. anyway, i agree with you. it's time for me to get a job.....
GG... answer these questions: What was the point of starting this thread in the first place? Is this the first time you started a thread discussing how much you suck? Is this the first time you mentioned you are on the verge of quiting to trade? Is this the first time you came to Elite for guidance on how to handle your misfotrtunes and misgivings? Is this the first time you started a long thread over a topic of your failures? !!! Verdict: same shit different day !!! grow up dude.. either come back to trading with a different attitude and plan... or just move on to something else. Right now you would be better off doing something else. --MIKE
I'm a long-time lurker, first-time poster. This thread really got my attention. GG, you stated that you didn't want any help or sympathy so I will not offer any. I have a question for you, however: To what do you attribute your current dire situation? I don't know you, nor have I read any of your past threads. My question is very self-serving. I had been watching the markets for two years, gaining knowledge and building capital. I started actively daytrading about three months ago. Currently, I'm just north of breakeven. I try to learn as much as I can about the pitfalls of trading. Perhaps by answering my question, you may help yourself in a small way. Thanks.
u mean to tell me GG never had more than 5k in his account since 4 yrs ago? :eek: no wonder u never succeeded in trading. its like being at a blackjack table and not being able to split 2 aces when ur out of money theres no way out of it but to get ur account past 25 or go prop!!! BOL
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. YOUR FEELING ANXIETY 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, YOUR FEELING FRUSTRATED 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. YOUR FEELING LOST 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. YOUR FEELING desperation AND PERHAPS ANGER 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. YOUR FEELING WORTHLESS 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? YOUR FEELING THAT YOUR NOT MEASURING UP TO A STANDARD. 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 HAVE YOUR LITTLE VOICE INSIDE STRONGLY INFLUENCING YOU you people can have any opinion you want of me, but i am not someone who should get paid minimum wage, YOUR DISGUISING YOUR INFERIORITY COMPLEX. Gordon, You are implying that you do not want help or sympathy. As far as approval DB phoenix has forbidden any such postings. Everything you have said has hit me personally and I hear you. Rather than to go in to my personal story and qualifications, I think that to be most productive, is to comment on your little voice inside and your conclusions. Why do you enjoy trading? Can you define this? Write it down. How much money would you need per year to make a living? Do you consider yourself emotional?.....analytical?.....methodical?.....logical?.....observant? Do you feel stress and measure it with time verses this little voice inside you with its timetable. Your condition being measured against some sort of benchmark could be destructive, in the grand scheme of things. You have plenty of time....your whole life.........I know of some traders that are 80 years old. You have a strong mindset and direction that YOU expect. Have you noticed that you have answers for many of your statements already....from yourself? Gordon, The anxious, frustrated, lost, desperate feelings that I suspect you have combined with the inner feeling of worthlessness are grinding away at you......which can cause an aftershock. You need to get a plan and follow it. This will become your direction......suspend that little voice. Many of us have this little voice from our beginnings....parents echo's and life experiences reinforce this. Time seems to heal your many worries and sadness. Depend on your new plan.....and be positive.....which you will discover later....as you are defining a new beginning and and will achieve baby steps towards your goal. Whatever your goal is.....trading or building a new career. I believe this whole experience is a good thing for you.....and thank you for sharing. Michael B.
in the beginning when you just have NO CLUE what you're doing, losing some money is expected. my problem is, when i started to get a little better, i didn't have much money left. so... #1 too small account. as i've said previously, i would say a pro could make a small account grow, but unless you REALLY know what you're doing, it's probably going to be very difficult. even if you have a profitable system, just a few bad trades in a row could knock you out. so my point is, i am probably attempting to trade in ways which are just unrealistic for my account size. a pro could tweak the trades and wait for the best trades, etc. #2 living off a small account. i've been living off my account pretty much since i started. growing a tiny account is hard enough, living off it also is even worse.