My Story Trading as teenager, lost $50000 daytrading futures

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

  1. Visaria

    Visaria

    Here's a story for you: when i was a trader on the exchange floor, a broker was made redundant by his company (i think he worked for Barclays). He took a course on TA and then went back into the pit to trade for himself. Happy ever after?

    Nah, he blew up by the end of the week and was physically thrown out of the exchange.

    I read in a newspaper, just by chance left in a pub, that he committed suicide a few months later. I still have a cutting of that article somewhere.
     
    #61     Mar 26, 2017
  2. Because I want positive affirmation I don't want to fuel negative responses.
     
    #62     Mar 26, 2017
  3. This is not the type of response a mature person would give to a teen who has lost money. It's indirectly telling him to do something he should never do. Life is precious. More precious then even $50 million.
     
    #63     Mar 26, 2017
  4. Visaria

    Visaria

    The point, my young teen friend, is not to put too much faith in TA. Doesn't matter if you took an 'advanced* course in TA' or not!

    *wtf is 'advanced' TA?
     
    #64     Mar 26, 2017
    ironchef, wartrace and marketsurfer like this.
  5. Pay no attention to the trolls, most are habitual losers who can't even imagine having $50k, let alone losing it.

    With that said, Visaria is adding much wisdom to this thread. Don't dismiss him because it goes against what the market wants u to believe thus the losers on this site parrot it.

    Read "evidence based technical analysis" and be very cautious making decisions based on any form of past price analysis.

    surf
     
    #65     Mar 26, 2017
  6. Thanks for the suggestion will buy it today.
     
    #66     Mar 26, 2017
  7. #67     Mar 26, 2017
  8. Also does anyone have a suggestion for a good broker. I already have a personal account with one. But I have recently incorporated an LLC for the purpose of trading. Any good one's that open company accounts.
     
    #68     Mar 26, 2017
  9. #69     Mar 26, 2017
  10. Visaria

    Visaria

    Hold on Surf, no need to suck my cock just yet....I do use price action or TA, call it what you will, just that i don't use it solely...i look far more at fundamentals a lot these days.
     
    #70     Mar 26, 2017