My Story Trading as teenager, lost $50000 daytrading futures

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

  1. Tim Smith

    Tim Smith

    So just like I said, over-trade, over-leverage. That's why you ended up $50k down.

    I mean seriously 50 trades a day, that's (roughly) a trade every 10 minutes if you assume an 8 hour day ... it tells me you were basically clicking away day after day with no real plan. Talk about pissing your money down the pan.
     
    #41     Mar 26, 2017
    murray t turtle and comagnum like this.
  2. I didn't see it as wrong at that time when I was just a beginner. I though bigger positions = bigger profits.
     
    #42     Mar 26, 2017
  3. Tim Smith

    Tim Smith

    Oh dear. :banghead:

    Seriously man, like I told you in my first post. Leave the remaining $20k in the bank where you can't do any more harm to it and stay the hell out of the markets !
     
    #43     Mar 26, 2017
  4. motif

    motif

    When you stop lying, come back to ET and learn how to trade.
     
    #44     Mar 26, 2017
  5. It's the truth
     
    #45     Mar 26, 2017
  6. motif

    motif

    Well, if what you're saying is true, and forgive me for sounding a little terse, your father is a moron. I still have doubts about this story.
     
    #46     Mar 26, 2017
  7. Nereto

    Nereto

    Obvious troll is obvious.
     
    #47     Mar 26, 2017
  8. luisHK

    luisHK

    Funny, sounds like a troll but it gives parents around thinking of handing their kids money as soon as they are adults food for thought. No wonder many opt for buying them real estate, might not be the most productive use of money but it s harder to waste.
     
    #48     Mar 26, 2017
  9. luisHK

    luisHK

    For a lot of youngsters that kind of money is very easy to blow in parties in a tiny fraction of a year, not quite convinced daytrading is a better way to lose those funds still.
     
    #49     Mar 26, 2017
    marketsurfer likes this.
  10. options. trying to guess direction will never work
     
    #50     Mar 26, 2017