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Trader loses 130k+ on short, owes eTrade 100k
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Trader loses 130k+ on short, owes eTrade 100k

  #91 (permalink)
Hi Mom!
Bridgeport, Ct
 
Futures Experience: Intermediate
Platform: Sierra
Favorite Futures: Gold, Oil
 
TheShrike's Avatar
 
Posts: 365 since Jun 2012
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Big Mike View Post
Funded campaigns don't get deleted. The fact that it was deleted indicates a different story.

Mike

Like a scam?

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  #92 (permalink)
Market Wizard
Boca Raton
 
Futures Experience: Advanced
Platform: Variety
Broker/Data: Optimus Futures, LLC
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mattz's Avatar
 
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TheShrike View Post
Like a scam?

I think the intention of gofundme was created for more humane causes than trading accounts with deficits.

Matt
Optimus Futures

There is a risk of loss in futures trading. Past performance was not indicative of future results.

PM with any questions about optimusfutures (800) 771-6748 (561) 367 8686. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.
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  #93 (permalink)
Site Administrator
Manta, Ecuador
 
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Big Mike's Avatar
 
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TheShrike View Post
Like a scam?

I didn't mean to thank your post but can't undo it on my phone, I'm not saying it's a scam.

No, not necessarily a scam. I can't vouch either way. But another example would be a violation of terms of service.

Sent from my phone

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  #94 (permalink)
Site Administrator
Manta, Ecuador
 
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Look at KBIO today.

Printing > 40.

Also for those who keep saying he shouldn't have traded a penny stock, this isn't an OTCBB stock, it's listed on Nasdaq.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
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6)
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The following 2 users say Thank You to Big Mike for this post:
 
  #95 (permalink)
Elite Member
prague, czech republic
 
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xelaar's Avatar
 
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Big Mike View Post
Look at KBIO today.

Printing > 40.

Also for those who keep saying he shouldn't have traded a penny stock, this isn't an OTCBB stock, it's listed on Nasdaq.

Mike

And no shorts were available anyway. Etrade scooped all up. Talk about forex brokers after that

Trade to live. Not live to trade.
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  #96 (permalink)
Membership Temporarily Revoked
San Jose
 
Futures Experience: None
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Favorite Futures: ES
 
Posts: 32 since Nov 2015
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emini2000 View Post
Sounds like he was following Timothy Sykes with shorting the low cost stock through Etrade. He's all about shorting penny stocks.

I feel for the guy, but don't go online and expect others to pay for your stupid mistake.

It happens 100% of the times if you follow someones lead.Did does and will.

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  #97 (permalink)
Membership Temporarily Revoked
San Jose
 
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xelaar View Post
This guy put a short and went to a bar.

moreso,he could afford to lose his initial stake,he said.great starting point!

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  #98 (permalink)
Trading Apprentice
Monroe
 
Futures Experience: Beginner
Platform: NinjaTrader, OEC
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TraderBliss's Avatar
 
Posts: 1 since Nov 2015
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Whoa...

I'm new to the this thing.
I've seen some of Mike's webinars on YouTube.
Reading a GoFundMe page like this always brings my brain back to what creative thing can an individual do to fund an account? Maybe sell a "system", sell a "membership", or sell a made up story about losing your ass on a short. You couldn't start a GoFundMe without a sob story. You can't start a GoFundMe with "HEY, I'm a fantastic trader. I'll make you money. Just get me to $100K and I'll divide the profits with everybody! We'll be rich by the end of the year!"

So I'm suspicious...

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  #99 (permalink)
Market Wizard
Bangkok
 
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DionysusToast's Avatar
 
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Dang $15k for vet bills!

Ouch....

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  #100 (permalink)
Elite Member
Los Angeles
 
Futures Experience: Beginner
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afranco562's Avatar
 
Posts: 131 since Sep 2012
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Big Mike View Post
Look at KBIO today.

Printing > 40.

Also for those who keep saying he shouldn't have traded a penny stock, this isn't an OTCBB stock, it's listed on Nasdaq.

Mike

I always thought any stock below $5 is near getting to be considered a penny stock. Apologize for my lack of education,(and I do meant that) does a stock need to be in OTCBB to be called a penny stock?

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