i've lost 400k the last 2 months i'm quitting

Discussion in 'Professional Trading' started by hedgeking, Jun 28, 2006.

  1. mjh

    mjh

    Man, I been down 25k and it took 2 1/2 years to get it back but I got grey hair now. I don't know 3what else to say.
    I guess I'll just say a prayer for u tonight.

    mjh
     
    #91     Jun 29, 2006
  2. Choad

    Choad

    Yup. Sure seems like S46 has had some sensitivity training lately...
     
    #92     Jun 29, 2006
  3. Caption: Things someone who's never had a $100K+ trading year would say.

    I'm not saying this to be insulting- Actually, it might help you. If you choose to be a good sport and admit my assumption is correct, I'll PM you the exact reasons WHY your post is full of piker-think.
     
    #93     Jun 29, 2006
  4. Caption: Something a guy who lost 1.5MM in one day with no stops would say.
     
    #94     Jun 29, 2006

  5. More piker-think.

    That day was Jan 3rd, 2001. Stop orders wouldn't have done a thing to protect me in that situation. I'll let someone else explain the reasons why.
     
    #95     Jun 29, 2006
  6. I was a dealer in Las vegas for 3.5 years and yeah, thats a miracle. Now let me tell you the flip side. A guy came to my craps table with 15k. He was watching the field. (for those of you that dont know craps, the field is a set of number 2,3,4,9,10,11,12.) 1 roll bet. If your number hits you get even money (unless its 2 or 12 and you get double) if not..you lose. So this guy would wait for 3 non-field rolls and then bet 25 dollars in the field. If it didnt hit...he doubled up to 50, if that didnt hit 100 and so on. So he did that for about 20 minutes and he was up...oh i would say about 200 or 300 dollars...then in the next 10 minutes, no field rolls at all. that 15 grand just disappeared. Guy came back 30 minutes later with a ratty old 20 dollar bill trying to get it all back. No miracle that night.

    Another guy went to the Orleans casino, had a 5 dollar chip but didnt know how to play blackjack...the dealers helped him and before he knew it he was up 160,000 dollars. He was generously tipping the dealers throughout his winning...but eventually gave every last penny back to the casino. After he was done he asked the pit boss if he could get a comped room. Pit boss just snarled at him and said "why dont you ask the DEALERS to get you a room?" (after all...the casino only got 5 bucks off of him and the dealers took home alot in tips) Anyway...the dealers all chipped in and paid for his room. :)

    1 more story...a dealer at the horseshoe won 30k on his break at keno...next break he walked over to golden nugget to the craps table. Point was 5. He said "give me 27,000 across" next roll...7 out. Then he rushed back to work before his break was over. Man what a kick in the ass that was for him.
     
    #96     Jun 30, 2006
  7. To the OP.

    Sorry, did not read must of the posts on here. Are you a full time trader? I would suggest going back to whatever made you 400k.

    Sorry to hear about this, but at least you can say you gave it a shot!
     
    #97     Jun 30, 2006
  8. It doesnt sount to me like he made the 400k trading, but rather gambled his retirement funds...



    Moral of the story, NY isn´t Vegas... so dont gamble in the markets.
     
    #98     Jun 30, 2006
  9. The true test of an individual is how well the come back from a heavy fall.
     
    #99     Jun 30, 2006
  10. Tums

    Tums

    if you think you are so smart, why don't you start a new thread and lay it out on the open?
     
    #100     Jun 30, 2006