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Search: Posts Made By: Big Mike

Forum: Psychology and Money Management

March 28th, 2015, 03:14 AM

Replies: 155

Account blown up

Views: 38,075

Posted By Big Mike

In every situation you were short. I'm wondering...

In every situation you were short. I'm wondering what percentage of trades and overall profit is from shorts?

Sent from my phone

Forum: Psychology and Money Management

March 28th, 2015, 12:28 AM

Replies: 155

Account blown up

Views: 38,075

Posted By Big Mike

Your first mistake was thinking you can trade...

Your first mistake was thinking you can trade futures with only 2k.

Your second mistake was trading crude. Seriously wtf...

Third mistake was trying to scalp.

Basically you did everything...

Forum: Psychology and Money Management

March 25th, 2015, 04:16 PM

Replies: 155

Account blown up

Views: 38,075

Posted By Big Mike

This is true, but I think an even bigger problem...

This is true, but I think an even bigger problem is while trading in sim people go through hundreds of iterations of a "system", constantly changing things, and never really learning anything about...

Forum: Psychology and Money Management

March 25th, 2015, 12:36 PM

Replies: 155

Account blown up

Views: 38,075

Posted By Big Mike

I think the whole sim argument is very painful to...

I think the whole sim argument is very painful to a lot of people because it basically means they must give up on their dream to be a trader.

There is a large group of people that have been on sim...

Forum: Psychology and Money Management

March 24th, 2015, 12:35 PM

Replies: 155

Account blown up

Views: 38,075

Posted By Big Mike

You are commenting as someone that is not...

You are commenting as someone that is not profitable and on sim. Because of this, your view/perception is inadequate to really see beyond your nose.

Saying that you need to make money on sim...

Forum: Psychology and Money Management

March 24th, 2015, 12:17 PM

Replies: 155

Account blown up

Views: 38,075

Posted By Big Mike

Definitely wrong. There is probably a 0%...

Definitely wrong.

There is probably a 0% chance I could pass a TST combine. But I 100% make money, for real.

Combines can be useful, but they don't make you profitable, nor do they serve as...

Forum: Psychology and Money Management

March 24th, 2015, 11:37 AM

Replies: 155

Account blown up

Views: 38,075

Posted By Big Mike

I should also mention -- for all of those on sim...

I should also mention -- for all of those on sim -- the real learning does not begin until you trade cash. If you are spending time on sim developing a method, it's almost entirely worthless in my...

Forum: Psychology and Money Management

March 24th, 2015, 10:41 AM

Replies: 155

Account blown up

Views: 38,075

Posted By Big Mike

I can still clearly recall several times in my...

I can still clearly recall several times in my trading career where I thought I had "solved it", and literally unlocked the magical gateway (holy grail) to money making.

It was during these times...

Forum: Psychology and Money Management

March 24th, 2015, 10:25 AM

Replies: 155

Account blown up

Views: 38,075

Posted By Big Mike

82 Please vote (it is anonymous). Everyone...

82

Please vote (it is anonymous). Everyone can vote anonymously on the poll, but if you wish to share your story about blowing your account and what you learned from it, please do so in this...

Forum: Psychology and Money Management

March 24th, 2015, 10:23 AM

Replies: 155

Account blown up

Views: 38,075

Posted By Big Mike

Account blown up

Guys, I wanted to start a serious discussion about a real and common problem -- traders blowing up accounts.

"Blowing up" means you took the account down to basically zero, where you couldn't...

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What unexpected challenges have you encountered while trading on a "Funded Trader" platform?

Limited trading instruments
High platform usage fees
Lack of support or mentorship
Unrealistic rules and requirements
No significant challenges
Something else (discuss in thread)

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