Took out a loan to transition to full-time trading. 24 years old.

Discussion in 'Professional Trading' started by wabu27, Mar 14, 2016.

  1. Gotcha

    Gotcha

    Perfect... we can end this here... Luckily I don't even know what bangwagging is... hahaha
     
    #321     Jun 12, 2016
  2. conduit

    conduit

    Were are his trades. I was only pointed to some after the fact trades that can be complely made up for what it's worth.
     
    #322     Jun 12, 2016
  3. wrbtrader

    wrbtrader

    I'm one of the ones that suggested this could be a troll thread but I also stated just in case I'm wrong...the guy is not suitable to be trading.

    Further, I can respond to ANY damn thread I want and when I want. Not too long ago, I responded to a feedback thread in which someone asked Baron to add a chart section to the forum. Please go drum up any conspiracy theory involving my response I made in that thread. While you're at it, go review my response to Zr1trader about asking him in his thread some information about the UK vote involving leaving the European Union...I must have a hidden agenda in that thread too.

    Heck, tomorrow, I may respond to an old thread about Bernie Sanders and his battle with Hillary Clinton...please tell me in advance what's so damn suspicious about that before I post. :D

    The fact is this, you decided to hijack this thread and make it about me after my advice (the guy asked for it of everybody) to tell him to get a job and pay off his debt which by the way is the same advice many others gave too...they too must be suspicious. Therefore, please go bother them about that advice. While you're add it, go bother the people that have been encouraging him to continue to trade via their advice about what he should do to fix his trade method while he was in this "high risk of ruin" situation.

    By the way, next time you want to fabricate some B.S. about mentoring and subscription trade room, make sure you get your facts straight. You're now on my ignore list because I have a distaste for thread hijackers...they remind me of someone name surf.

    P.S. You implied you're a "successful and consistent trader you have to be a skeptic and be able to ascertain bullshit". Don't worry, I won't waste my time and ask you to prove that you're a successful and consistent trader. I trust you. :finger:
     
    Last edited: Jun 13, 2016
    #323     Jun 13, 2016
  4. conduit

    conduit

    So many dolls here whose ego need to be continues stroked. Pretty dollhouse...
     
    #324     Jun 13, 2016
  5. nursebee

    nursebee

    This is one of those hall of fame threads. There needs to be a special repository of blow up threads showing them all cocky and such going down off the deep end. Humans are so capable of cognitive biases ( I worry about my own)

    I thought my Dad would bail me out...LOL

    OP, lay down in the bed you made and grow the F up
     
    #325     Jun 13, 2016
  6. benwm

    benwm

    Have you considered a career as a financial advisor?
     
    #326     Jun 14, 2016
  7. I believe this could be real, since I experienced something similar during 08-09.

    Wabu, 7 years ago I had $210K in debt and no assets after blowing up my account. It was a painful ordeal and nearly derailed my life. Eventually, I accepted the losses and started building back, step by step. It was actually very motivating to have all this debt. I lived modestly, worked hard, and eventually started trading smarter.

    When an account blows up, it is not bad luck but poor risk management. You should never be in a position where your account can blow up. Since you have no money to trade, you should now have some mental bandwidth to reflect on the string of poor decisions that led to this outcome. Nobody starts out gambling big, but many find themselves in that position after doubling down on bad decisions. Being a smart trader means not making the first bad decision. I think a good trader views himself sort of like an alcoholic, one drink (or one bad decision) can destroy everything he has built.

    I hope you bounce back from this and learn something. In 7 years, I managed to bounce back, and am now a millionaire who takes small risks and doesn't try to turn every trade into a winner.
     
    #327     Jun 18, 2016
  8. rexlord

    rexlord

    In the United States you can get cash from your credit card (it's called balance transfer into your checking account) at 2% fee with 0% APR. And then, when your 0% APR expires, you simply transfer the balance owed to another credit card at another 2% fee.
    I am not sure if this was mentioned already in this thread.
     
    #328     Jun 28, 2016
  9. wabu27

    wabu27

    It's been over a year. And hell of a year it was (literally). So many things had happened. I'm still in shit load of debt yet I'm going to trade again.
    I am not looking to con anyone. I am not looking to offend anyone. I simply love trading. And I hope you will follow-me along for the ride.
    I'm also going to start streaming myself trading on youtube. I'm not sure if I can post links here so I won't <-- if anyone's got an answer to this, please let me know!
    And.. I post on this blog and another trading blog. Copy + paste after every entry. More audience, more interaction, more thoughts. That's the only reason. Nothing else.

    Thank you.
     
    #329     Aug 19, 2017
  10. SunTrader

    SunTrader

    Hey we got a crazy one in the White House - why not.
     
    #330     Aug 19, 2017
    JesseJamesFinn1 and comagnum like this.