Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
A really successful Hedge Fund Trader from an extremely successful Hedge Fund, quit the Hedge Fund, opened his own, collected about 100 Million and lost it all and returned about 100K to all the investors and said "Sorry".
You know 20K is not huge as I have lost 30K when I wasnt even earning and for an Indian, 30K is equal to 6 Years of Salary. What do you do..? You just know that there is nothing below this and climb back up. All you are doing is restarting at the bottom and its a good thing because suffering makes you stronger.
Go ahead and consider tomorrow to be a new life and start.
1- call your broker and ask to block your account for at least 3 months.
2- find a job non related to trading and work as many hours as possible to value all the money you make
3- if You want to come back to trading again in 3/6 months invest in big cap stocks ( MSFT, amz, etc)
4- only come back to futures when You are willing to lose for example 20k and that Does not affect You significantly ( monetary and emotionally)
5- if find all of this overwhelming seek professional help. You may start going to an AA meeting and Everytime you hear the word "alcohol" replace it with "trading" , you will learn a lot about yourself.
@Grantx
I to suffer from depression. You have to get this taken care of right away. When your in this state all decisions you make are directly or indirectly the result of your depression. I learned the hard way.
The reasons you cite, are precisely the reason I finally quit after 11 years. Retail Traders- Paper- get eaten alive by Institutional Traders. Odds of making money: 3% to 10%, at best. It's a fool's game. Stay out of it. Destroyed my "life" as well. Dishonest, corrupt "business". The 'trading gurus' trade in SIM and make money off their Bullsh*t 'classes. Day Trading should be taught be Universities with accreditation so a new trader knows the truth, and the obvious risks. The gurus have one thing in common: they all lie.
Trying to buy your knowledge from educators doesn't work. I agree. The market itself is not a scam though. It represents opportunity for a daytrader and I feel that as a small time speculator, I have certain advantages over larger hedge funds and money managers.
You should read Roger Lowenstein - America’s Bank: The Epic Struggle to Create the Federal Reserve
You'll realise how important money and the market is.
When 90%-97% of Day Traders lose money, and have for almost 30 years- documented- yet we are sold a bill of goods by dishonest people who often use 'God' and Jesus' and 'Christianity' in their sales pitch, just to line their own pockets, the Truth should be made known to help other trader 'wannabes' to avoid this scam. If YOU have a proven method that works, please share it with me, or the other members as I can assure you'll be helping 90% of the 'Day Traders' who have experienced major loss at the hands of very unscrupulous dishonest Liars. I'd love to learn from an honest source. If you can share- please do so and prove to us it really can be done. You'll be helping many!! Thanks in advance!
