It's hard hearing friends making profits, and I am losing money.

Discussion in 'Trading' started by TripleJs, Nov 6, 2020.

  1. gaz0001

    gaz0001

    Sounds like your friends are 'Virtual' friends?

    Twitter,Discord,Telegram etc.

    Remove the app, don't log in for a month or two.
    These fellas are a waste of space.
     
    #51     Nov 7, 2020
    TripleJs likes this.
  2. easymon1

    easymon1



    If you don't mind, post a chart or two that you use to give us an idea of what you look at while you do the deed. Some do and some don't, ...you use a trading plan? You got kids?
     
    #52     Nov 7, 2020
  3. %%
    LOL/unsuccessful gamblers...…..AA just to cheer myself up could help.
    Speaking of ''up'' +not making money in a bull market means selling/trading to much,wrong stock picks.
    I did cut a loss on SPYG once this year but since I saw proof of a bottom. sold /cut a loss for something better/tech etfs……………………………………………………………………………………….
    I drink plenty;
    8 glasses of 8 0Z/per day is the goal.Sometimes miss that /sometimes do better.I dont consume booze anymore;Vicks NYquill maybe 50% alcohol proof but that is medicine for colds/flu.
     
    #53     Nov 8, 2020
    TripleJs and ET180 like this.
  4. tomorton

    tomorton


    So, after all this time to reflect, have you found out how your friends selected these stocks? And why they took the tips they got?
     
    #54     Nov 8, 2020
  5. TripleJs

    TripleJs

    In real life I am kind of a rational person and I dont like gambling since I know the edge are against me, and I tend to do well in poker. but when I am trading, I realized I do act and think like a gambler, its like a devil side of me. any way I can control and fix that?
     
    #55     Nov 8, 2020
  6. TripleJs

    TripleJs

    I think they know some rich dudes who know insider infomation and place bet before news, sometimes they took 20% drawdown and keep holding it till the stock comes back. the guy do well, but he does not disclose the infomation to us all the time, only when he's in the money he would show off, I decided to block him.
     
    #56     Nov 8, 2020
    tomorton likes this.
  7. TripleJs

    TripleJs

    Before, thats why I developed these bad habits, I need on now since this is my last shot in trading.
     
    #57     Nov 8, 2020
  8. bone

    bone

    Are you day trading? What is your trade entry frequency?

     
    #58     Nov 8, 2020
    TripleJs likes this.
  9. TripleJs

    TripleJs

    I don't daytrade now since I have a fulltime job, maybe 2 3 swing trade per week. I tend to look for homerun trade to try to boost my capital quick, but ended up stopped out for lost most of the time. This is one of my problem I lost so much and was wishhing for a homerun trade. Right now I am thinking to stay away from trading for a while to clear my head since I have gambling problem when I trade. Really want to unlearn that.
     
    #59     Nov 9, 2020
    bone likes this.
  10. Overnight

    Overnight


    This is not the market environment to look for a 2-3 day swing trade and expect a profit. Trust me, I know. You'll need to look for multi-week timeframes, and at that point you might as well just invest, to sleep better.
     
    #60     Nov 9, 2020
    TripleJs likes this.