closing my trading account today

Discussion in 'Trading' started by Gordon Gekko, Jun 11, 2003.

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  1. frank123

    frank123

    I don't think you can suceed in trading with your current situation. It is too much pressure if you have such a small account and have to earn bread from it. IT IS IMPOSSIBLE.

    Earn good living by getting employed. Learn to trade on the side. That is the only way to go.
     
    #21     Jun 11, 2003
  2. sorry to hear that GG

    Footprints in the Sand
    - author unknown

    One night a man had a dream. He dreamed he was walking along the beach with the Lord. Across the sky flashed scenes from his life. For each scene, he noticed two sets of footprints in the sand; one belonging to him, and the other to the Lord. When the last scene of his life flashed before him, he looked back at the footprints in the sand.

    He noticed that many times along the path of his life, there was only one set of footprints. He also noticed that it happened at the very lowest and saddest times in his life. This really bothered him and he questioned the Lord about it. "Lord, you said that once I decided to follow you, you'd walk with me all the way. But I have noticed that during the most troublesome times in my life there is only one set of footprints. I don't understand why, when I needed you most, you would leave me."

    The Lord replied, "My precious, precious child, I love you and I would never leave you.
    During your times of trial and suffering, when you see only one set of footprints in the sand, it was then that I carried you."


    best of luck!
    :)
     
    #22     Jun 11, 2003
  3. klutz

    klutz

    There are probably dozens of opportunities out in the real world that will give you the chance to make a fortune and more importantly to be happy. As long as you are hankering after trading you'll never be able to take advantage of these opportunities.

    Give yourself a chance and leave the trading to the losers.......... most of us lose at this game, only a few are as honest as you've been.

    Good Luck and remember that with a positive attitude you'll be a winner.
     
    #23     Jun 11, 2003
  4. Can I have your tagline?
     
    #24     Jun 11, 2003
  5. even without the pdt rule, the deck is stacked against GG. Its just not enuf to trade/make a living with.
     
    #25     Jun 11, 2003
  6. you should consider counting cards if you have BJ nearby or poker as a side thing to keep your interest while you re build your stake... lot of guys will rip on this idea but many fundamentals of what makes a good trader also are what makes a good 21 or poker player, and you still have the chance to make soem $$$... many of the best traders out hrere started as pro black jack players
    i did this before i traded and one of my back up plans is to return to the felt if i must leave trading
     
    #26     Jun 11, 2003
  7. Day Trading is all about buying power. You cannot Day Trade with a small account.

    If you have 200K in buying power you have a chance, because you can average up or down.

    But the guys making a killing are fearless and they have LARGE buying power, anywhere from half a million on up.
     
    #27     Jun 11, 2003
  8. Better change your attitude about getting a job.

    By change your attitude, I mean you must look at
    your next job as a path to trading.

    It is just a stepping stone to your trading career.

    Sacrifice, bust your ass on getting your next trading stake.

    Focus on swing trading, so you trade EOD as you build
    capital.

    Paper swing trade while you are growing your trading stake.

    Some people will disagree and just say you should
    get the hell out of trading all together.

    But I know where you are coming frame. You HAVE
    to trade. It's your passion. Giving up is not an option.

    So focus on optimizing your path back to trading.

    If the fastest path back to trading is finishing school,
    then do it.

    If driving that 18 wheeler will get you back faster
    then do THAT. Cruise around the country, living on
    nothing, racking up the dough, and stopping at
    every internet cafe on the way to download your
    EOD data to your laptop :D

    peace

    axeman
     
    #28     Jun 11, 2003
  9. oh and your 2000, while its inadequate for a trading account is a reasonable starting amount for poeker or BJ... just start small and keep disciplined!!!!
     
    #29     Jun 11, 2003
  10. TGregg

    TGregg

    Don't hold back db, tell us what you really think. :D

    Not that I disagree, just chuckled when I read your statement.
     
    #30     Jun 11, 2003
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