My Story Trading as teenager, lost $50000 daytrading futures

Discussion in 'Trading' started by RichTrader98, Mar 26, 2017.

  1. [​IMG]
     
    #141     Mar 27, 2017
  2. JSOP

    JSOP

    You assume it's a "he". No gender discrimination!! :p
     
    #142     Mar 27, 2017
  3. You said you traded CL.....oil contracts. An oil contract averages

    Don't most CL future contracts cost 10K for one contract?

    I realize you did not lose the entire amount on 1 trade, but it doesn't long to lose 30K trading oil.

    Was this real money or paper trading that you lost ?
     
    #143     Mar 28, 2017
  4. algofy

    algofy

    You can day trade oil for WAY less than 10k
     
    #144     Mar 28, 2017
  5. southall

    southall

    So did you have success at first?
    One year is a long, new traders who actually risk real money, dont normally last that long.
     
    #145     Mar 28, 2017
    comagnum likes this.
  6. It was just making a couple of thousand on a day then losing some more along with it. I kept funding the account with capital. I didn't have the whole 50k when I started I started with around only 1k. But i kept trading. I lost that 1k in 10 days time. I didn't give up.
     
    #146     Mar 28, 2017
  7. Nereto

    Nereto

    Troll.
     
    #147     Mar 28, 2017
    MoneyMatthew likes this.
  8. MrScalper

    MrScalper

    If you post your trade details from your broker reports, I might be able to show you what you done wrong.

    Details must include the exact entry and exit times, along with the normal details.
     
    #148     Mar 28, 2017
  9. Overnight

    Overnight

    That infers a pattern of very bad decision making. It took you 10 days to lose 1K. So you then added more capital to the account, and I guess added more positions along with it. So on and so forth, until you were out 50K.

    Did you look at MGC like I suggested? It is hard to lose a fuckton of money in that if you are reasonable, and not try to bundle up to 100s of contracts in a position. Just start with 1 contract on it, and play with it for a few months. You won't win much, but you won't lose much either.

    Do you understand?
     
    #149     Mar 28, 2017
  10. Nereto

    Nereto

    He doesn't undestand because the closest thing to trading this troll has done was trading onions at his local market.

    Now why are you wasting your breath on this guy? The thread is literally 15 pages long of guys writing out paragraphs trying to help a troll who ocassionally writes back vague 2 sentence responses.
     
    #150     Mar 28, 2017
    JackRab and themickey like this.