How wrong you are. The difference is they didn't set out expecting they'd blow the account but it happened to them, you seem to think by blowing an account you're more likely to succeed and that's utter BS. This will be painful (and fun) to watch, I think after a few weeks you'll stop giving updates.
I totally agree, subconciously he actually wants to blow the account. If this were true why dont you just open an acct with 5k and blow that one nice and quick and then you will know the secret to making it as a trader. Ps. I dont mean to be a dick to you, its nice to have dreams but you have to be realistic. None of the successful traders on this site have figured it out in just a couple of months. It takes years to become a good trader. Your chance of losing all of it is extremely high and so far you are down 33% in just 3 weeks. Id stop and reconsider if I were you. Id suggest you go look for someone to mentor you for a bit then try live trading again. Maybe you friend whos making 300 a day could help you out.
What a load of crap.... You have 20k in savings earning 0.25% but decide to max out credit cards at 35%. You must have bought your MBA from the wrong Nigerian scammers... (not that there are any right ones). For f@#$-sake, he doesn't even get simple annualized interest rates... (http://www.elitetrader.com/et/index.php?threads/negative-interest-rate-ib.300145/) Can we somehow mark threads as BS? Because this shouldn't even be on here. Even if it's true this idiot is really 'inspired' by the other thread, (which was BS as well... ) that shows these threads are nothing more than a fun read for the smarter ones on here, and a road-sign to ruin for the rest.
Almost 1.7K!! 13% of your account per month in commissions. You must be doing dozens of trades every day. Even as a day trader you should aim for a few dozen trades at most per month.
Why not show us the rest of the IB statement, so we can actually see what you traded that ended up in this mess... oh that's right... because BS
Update your resume TONIGHT, and start beating the streets looking for a job tomorrow. If you don't do that, you and your family will be in a world of hurt soon.
The figures in that IB statement do support your story. First, I thought your thread was some type of satirical expose of the "I am a loser" narrative. Then, I thought you were a sophisticated scammer with some plot to extract money from the unsuspecting ET audience. Then, I thought you were just "fresh meat", one of those "Why work if I can make 300% annual return in Forex" types. Now, I don't know what to think anymore. I give up.