Turning $15K credit card debt into financial freedom

Discussion in 'Journals' started by Redsails, Jun 19, 2016.

  1. Redsails

    Redsails

    I am not debating anyone. This is my journal. Thanks!
     
    #71     Jun 20, 2016
  2. Redsails

    Redsails

    If I opened 5K account, I would have lost it already. Don't you people say that being undercapitalized is bad?

    I don't expect to become a good trader in two months. But I don't think that someone who earns $200 per day on average (which is my initial goal) is a good trader. I think it's quite realistic to achieve that level in three months.
     
    #72     Jun 20, 2016
  3. Redsails

    Redsails

    How can I get my NAV on a day by day basis on one screen? I only see how to get a statement at a particular point in time. I still have not mastered this IB platform..
     
    #73     Jun 20, 2016
  4. NoBias

    NoBias

    Wife, child and quiting your sole means of support is just irresponsible ...

    I normally don't make negative posts... but so tired of seeing family's suffer do to dream chasing. It is always the same formula... and in the end the same result.

    Previously recommended reading
     
    #74     Jun 20, 2016
  5. MrMuppet

    MrMuppet

    I like that attitude, Mr. Redsails, although a blow up doesn't necessarily correlate with the success of a trader.
    One thing is for sure, though: This will be a hall of fame thread if you keep posting untill your blow up :cool:
     
    #75     Jun 20, 2016
  6. Redsails

    Redsails

    June 14 was the day of my heaviest losses: -2.4K

    That was the day after I read the chapter "Basic Concepts of Trend" in the book of the wise man John Murphy. I decided to catch the trend and was jumping on every little move. Somehow I managed to lose more than 70 pips even though the price was ranging within a tight channel. That was because I continuously bought at resistance and sold at support.

    That was completely my fault. I misinterpreted the teachings of John Murphy. I should have waited for trend confirmation. I should have sold only if the support was broken, agnd I should have bought only if the resistance was penetrated. Simple! Sorry, John, I will not do it again.
     
    #76     Jun 20, 2016
  7. Your earning power is currently zero because you are unemployed, you have a problem with counting your chickens before they are hatched.
     
    Last edited: Jun 20, 2016
    #77     Jun 20, 2016
    wrbtrader and mm2mm like this.
  8. MrMuppet

    MrMuppet

    Walmart is #24, no?

    Anyway, I'm following this thread. I love the sophistication of trolling you do.
     
    #78     Jun 20, 2016
    JackRab likes this.
  9. d08

    d08

    My point is that it's supposed to be tragic, otherwise you won't learn anything. You talk as if the money isn't significant yet you needed to take on CC debt to get it, I don't get it but hey, go for it.
     
    #79     Jun 20, 2016
  10. d08

    d08

    You can just open the account window, press print screen, paste into Paint or IrfanView and save as PNG file.
     
    #80     Jun 20, 2016