I have lost over half of my net worth/life savings trading forex.

Discussion in 'Forex' started by boza, Nov 14, 2017.

  1. algofy

    algofy

    Can you believe that dirty SOB never gave me that cookie?
     
    #61     Nov 18, 2017
  2. Overnight

    Overnight

    I don't know if you mean me from another thread, or the OP here (but I don't recall you asking for a cookie in this thread from OP), so here, this should cover both bases...

    A brownkie! (who comes up with these names haha)

    [​IMG]
     
    #62     Nov 18, 2017
  3. This makes absolutely no sense to me. So your suggestion to the OP is to "go do something else, get wise and then magically he will be good at trading because he is now wise."

    How exactly do you expect this to work? And if this can happen for random joe blows, then why aren't more joe blows successful traders?
     
    #63     Nov 18, 2017
  4. Overnight

    Overnight

    I did not say it like that exactly. I said to go do the youthful things that young people do (have the young fun that does not involves stress like trading live savings), gain wisdom as age accrues, and then come back to deal with the world of trading when one has a better grasp of not just themselves, but the world, and the trading world. OP will not get "magically good" at anything by being wiser. But having a better grasp of themselves, and life, will allow them to make wiser decisions. How's that?
     
    #64     Nov 18, 2017
  5. Overnight

    Overnight

    More to the point to that I am on about...

    https://www.elitetrader.com/et/threads/nooby-mcnoob-becomes-a-quant.307995/page-12#post-4548837

    See? You have gained wisdom in the past 8 months. Isn't wisdom better than...

    https://www.elitetrader.com/et/threads/nooby-mcnoob-becomes-a-quant.307995/

    Better to screw up later rather than earlier.
     
    #65     Nov 18, 2017
  6. themickey

    themickey

    Bozzo has long gone, he's not reading nuttink, just planning his next woe is me yarn.
     
    #66     Nov 18, 2017
  7. I'm obviously speaking from my own experience: I was taught to be extremely risk averse in my youth which became a problem as I let go of potential life changing opportunities to do "the safe thing".

    Had I not done this, I would have been making much more than 3/4 million/year by now, doing what I do.

    As you go along in life, your appetite for risk decreases because you have mouths to feed, or mortgages to pay. I have had to explicitly force myself to continue to take risks. Many people can't.
     
    #67     Nov 18, 2017
  8. JackRab

    JackRab

    I think OP's mum and dad have taken away his internet time... he's AWOL
     
    #68     Nov 20, 2017
  9. algofy

    algofy

    damn, I hate when this happens.
     
    #69     Nov 20, 2017
  10. Buy1Sell2

    Buy1Sell2

    How much leverage???
     
    #70     Nov 20, 2017