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Today, I lost my savings and my career
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Created: by Grantx Attachments:4

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Today, I lost my savings and my career

  #91 (permalink)
the coin hunter
virginia
 
Trading Experience: Intermediate
Platform: ninja
Favorite Futures: NQ
 
cory's Avatar
 
Posts: 5,939 since Jun 2009
Thanks: 816 given, 7,622 received
Forum Reputation: Legendary


luckybuddha View Post
Grantx.

I would like to contact this person. Can you please provide me with the link you found on Reddit?

Thank you

google it or click on link https://tinyurl.com/y9y23snv


Last edited by cory; January 30th, 2019 at 04:11 AM. Reason: clarity
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  #92 (permalink)
Trading Apprentice
Los Angeles California United States
 
Trading Experience: Intermediate
Platform: Ninja trader
Favorite Futures: futures
 
Posts: 2 since Apr 2015
Thanks: 0 given, 0 received

"Cory"
Thank you for the link. However, Google could not find it.

Luckybuddha

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  #93 (permalink)
Elite Member
St. Louis
 
Trading Experience: Beginner
Platform: thinkorswim, NT8
Favorite Futures: equity and fx futures and options
 
Leon of Pizza's Avatar
 
Posts: 111 since Sep 2013
Thanks: 75 given, 137 received



Grantx View Post
Found this on Reddit...

The email notification doesn't mention this until the end, so we're happy it weren't you.
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


Two things I took away from the American 2016 presidential election:

1. There is no fundamental story to correlate an election's result to markets.
2. Election results have less meaning than we think. At least for a two year period. Large complex economies have more momentum than we think.

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  #94 (permalink)
the coin hunter
virginia
 
Trading Experience: Intermediate
Platform: ninja
Favorite Futures: NQ
 
cory's Avatar
 
Posts: 5,939 since Jun 2009
Thanks: 816 given, 7,622 received
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Leon of Pizza View Post
The email notification doesn't mention this until the end, so we're happy it weren't you....

the format looked suspicious like one of spam email so I never replied to it


Quoting 
Two things I took away from the American 2016 presidential election:

.....

this 2;
1) buy Boing when he badmouthed them.
2) buy Amazon when he badmouthed them.


Last edited by cory; January 30th, 2019 at 07:53 PM.
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  #95 (permalink)
Elite Member
Wodonga Australia
 
Trading Experience: Intermediate
Platform: NT, MT4
Broker/Data: NT
Favorite Futures: Dax
 
Linds's Avatar
 
Posts: 367 since Jul 2010
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...oh dear..well known dodgy operator..do a search in the archives here..

https://futures.io/trading-reviews-vendors/4964-school-trade-legitimate-www-schooloftrade-com.html


great sales person.....

I get depressed by how easily people are satisfied, with so little argument.

C Hitchens
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  #96 (permalink)
Elite Member
sweden
 
Trading Experience: Advanced
Platform: NinjaTrader,MetaTrader
Favorite Futures: futures, FX
 
Mabi's Avatar
 
Posts: 103 since Oct 2010
Thanks: 97 given, 92 received

Just remembered it will not help to trade small size either. 2018 i set up portfolio at my brothers home. He got a friend that later wanted to trade it so I said okey no problem and set up a copier ( for free of course). After a couple of months I noticed that there was trades on His account that was not from my portfolio. I told my brother to tell Him to stop because He would loose his 5 k guaranteed. He did stop for avail but had actually made 1 k in profit so now He thought this was easy and started again. 2 weeks later all his money was gone wile that portfolio today is + 40 %.

He added to his losers which i think is the biggest mistake newbies do. I have done it as well.


Last edited by Mabi; January 31st, 2019 at 05:56 PM.
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  #97 (permalink)
Trading Apprentice
Pensacola FL
 
Trading Experience: Master
Platform: sierra chart
Favorite Futures: Emini YM
 
Posts: 36 since Jun 2016
Thanks: 7 given, 54 received


Grantx View Post
This is exactly why I think that futures trading is the problem for new traders and not forex. Certain brokers yes but not the forex market itself. This little rant applies to the small retail trader and not institutions.


There are advantages with futures but those do not apply to up and coming traders until they have achieved certain personal milestones first.

I do not post too often here because I am still quite busy.

Also, I thought I would give it some time from your original post . . . wanted to make sure you did not blow your brains out and not be in a position to respond to me.

I am sorry to hear of your loss.

On the other hand I know that before you lies an amazing opportunity. You have mastered the first step to becoming a world class trader, I kid you not. Hundreds of others here will proffer you advice as to how they "NEVER LOST IT ALL" and how you should have used a stop and all that bull crap.

They are offering advice as if they knew it all in the beginning because it is not genuine advice. It is all "LOOK BACK AT WHAT YOU SHOULD NOT HAVE DONE."

Trust me that does not help.

Take if from a person who when starting out over 30 years ago has had to "refund my account,' probably a record
24 times during my first 5 years.

Guess what?

Still cost me less than a 2 year attendance at the Wharton school of business.

10 years later, when I made my first TRUE LUXURY purchase with profits earned from this amazing business we call trading, I looked back at the account blow outs as nothing more than tuition.

The first thing that amateurs do when they blow out an account is to work to "build that account up again."

Of course they lose it all again.

They do not think that they should "learn to trade successfully first" before ever putting ten cents back into the markets.

Consider this:

Instead of giving FREE ADVICE online to hundreds of ungrateful individuals, think about starting your own trading education service.

Charge people a reasonable fee for newbies to learn what NOT TO DO IN THE BEGINNING. Instead of coming from
the hundreds of the SUPER DUPER I AM THE RICHEST AND BEST TRADER ON EARTH LEARN TO DO IT MY WAY trading room, how about "Learn not to lose" trading advice service.

Teaching others will make you a better student.

TB

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  #98 (permalink)
Elite Member
Valencia (SPAIN)
 
Trading Experience: Intermediate
Platform: SierraChart
Broker/Data: Interactive Brokers / Infinity / Optimus
Favorite Futures: Emini, Nasdaq, DAX, Bund, IBEX
 
SamJames's Avatar
 
Posts: 26 since Feb 2018
Thanks: 4 given, 36 received

what not to do at the beginning?


TheBenefactor View Post
I do not post too often here because I am still quite busy.

Also, I thought I would give it some time from your original post . . . wanted to make sure you did not blow your brains out and not be in a position to respond to me.

I am sorry to hear of your loss.

On the other hand I know that before you lies an amazing opportunity. You have mastered the first step to becoming a world class trader, I kid you not. Hundreds of others here will proffer you advice as to how they "NEVER LOST IT ALL" and how you should have used a stop and all that bull crap.

They are offering advice as if they knew it all in the beginning because it is not genuine advice. It is all "LOOK BACK AT WHAT YOU SHOULD NOT HAVE DONE."

Trust me that does not help.

Take if from a person who when starting out over 30 years ago has had to "refund my account,' probably a record
24 times during my first 5 years.

Guess what?

Still cost me less than a 2 year attendance at the Wharton school of business.

10 years later, when I made my first TRUE LUXURY purchase with profits earned from this amazing business we call trading, I looked back at the account blow outs as nothing more than tuition.

The first thing that amateurs do when they blow out an account is to work to "build that account up again."

Of course they lose it all again.

They do not think that they should "learn to trade successfully first" before ever putting ten cents back into the markets.

Consider this:

Instead of giving FREE ADVICE online to hundreds of ungrateful individuals, think about starting your own trading education service.

Charge people a reasonable fee for newbies to learn what NOT TO DO IN THE BEGINNING. Instead of coming from
the hundreds of the SUPER DUPER I AM THE RICHEST AND BEST TRADER ON EARTH LEARN TO DO IT MY WAY trading room, how about "Learn not to lose" trading advice service.

Teaching others will make you a better student.

TB

Hey @TheBenefactor, your post was really interesting.... do you have some recomendations about thinks to avoid at the beginning? I have blown up a couple of accounts, in the last two years and now I am slowly recovering, above all psycologically. I am really interested in any story/advice material from someone who has some real experience.... some real stories to tell.

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  #99 (permalink)
Elite Member
Tallinn Estonia
 
Trading Experience: Master
Platform: MT5,MT4
Broker/Data: FP markets
Favorite Futures: Forex
 
Posts: 42 since Dec 2018
Thanks: 4 given, 42 received

Most trader loose money

Since all broker in Europe have to publish how many traders loose money :

Flatex = 86% Admiral Markets 85% GKFX 82% XTB = 82% Consors 82% Plus500 = 81% Comdirect = 81% FXCM = 80% FXFlat = 80% ActiveTrades = 80% Gain Capital = 80% IG= 79% FXPro = 79% Pepperstone = 79% Whselfinvest = 79% Ava = 78% CMC = 78% Oanda = 77% ETX = 76% JFD = 75% Ayondo = 72% Saxo = 71% LMAX = 70% GBE = 68%

even with the new leverage cut which came into force in Europe last year more trader lost money !

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  #100 (permalink)
Elite Member
Reno, Nevada
 
Trading Experience: Advanced
Platform: NinjaTrader
Favorite Futures: ZN, ZB, CL
 
phantomtrader's Avatar
 
Posts: 204 since May 2011
Thanks: 36 given, 305 received



carofa View Post
Since all broker in Europe have to publish how many traders loose money :

Flatex = 86% Admiral Markets 85% GKFX 82% XTB = 82% Consors 82% Plus500 = 81% Comdirect = 81% FXCM = 80% FXFlat = 80% ActiveTrades = 80% Gain Capital = 80% IG= 79% FXPro = 79% Pepperstone = 79% Whselfinvest = 79% Ava = 78% CMC = 78% Oanda = 77% ETX = 76% JFD = 75% Ayondo = 72% Saxo = 71% LMAX = 70% GBE = 68%

even with the new leverage cut which came into force in Europe last year more trader lost money !

That's really interesting - never knew that. Do you have a link to where that information is published? We should do the same thing in the U.S. - including the prop firms who solicit traders to become prop traders.

Thanks for posting this information.

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