- About KBal
- Twitter User Name
- Google+ User Name
- Baldwin Outdoors
- Your Blog or personal website URL
- Your futures.io journal URL
- Just a regular guy that loves to trade.
Started working in Fast Food right out of high school. Mowed yards for extra money until I joined the Navy. Made 2 deployments and visited Italy, Turkey, France, and the middle East, while serving proudly as an analyst on board a Guided Missile Cruiser and Nuclear Submarine.
After getting out, I landed a job as an Estimator for a Construction Co. and in my spare time started studying the market and individual stocks via Yahoo Finance.
I piled what money I had saved together and cashed in a Roth IRA to begin my first trading experience. It was terrible. I was fully invested during the flash crash, trading on a Lightspeed Station. I did not sell at the bottom, and managed to buy enough that in a day or so I was back to even but with access like Lightspeed it was right there, I could have sold in one emotional instant. That experience was devastating and left me rattled. I decided to quit my job as an estimator (because if I wasn't there, things would be different) and switch brokers. I switched to ThinkOrSwim before TDA bought it. I took half of the account I was trading at lightspeed 25K and put half of it into the new trading account and said I would live off the other half until I could start making an income from the trading....shouldn't be long I said. Maybe a few weeks. Man was I wrong.
Well with TOS I decided to start trading options, since they were much cheaper I could buy alot more. Needless to say I followed all the wrong advice for trading options, and personally had all the wrong views, and didn't know anything about trading options. I lost my 12,500 in the matter of a few expiration's and then there I was, asking for my old job back, vowing never to be so stupid again.
I tried to trade Forex next, and while being up on great positions, I mismanaged risk and ended up losing there as well, tho not as much money, I still found myself inflexible and un-able to accept the fact that
- Evans, GA
- Favorite Futures
- CL, ES, SI, GC, DX
- TDA, TOS, NT
- Futures Experience
- ThinkOrSwim, Ninja Trader
- Q&A Answer Count
|October 15th, 2016|
|04:00 PM - SoftSoap quoted KBal in post Vision For Trading - Work In Progress
Does anyone have any good links to the psychology of tr...
|03:23 PM - KBal quoted SoftSoap in post Thanks For the Insight
...hecking from time to time. Cheers. :boxing: SoftSoap, I appreciate you taking the time to review my jou...
|October 14th, 2016|
|07:43 PM - KBal quoted Caesar100 in post Welcome and My Experience
I believe in trading for a living but you have to be built f...
|September 27th, 2016|
|10:35 PM - KBal quoted psears in post Long Term Opinions on XME
Hello, I was wondering what everyone thinks about the lo...
|10:20 PM - KBal quoted Mesa in post After Hours Spikes:
I'm new to trading, but the two very momentary and very...
|08:22 PM - SoftSoap quoted KBal in post SoftSoap's NQ Journey - from SoftSoap to SoftGold
Well I'm keeping a written journal and journal-ed today...
|September 26th, 2016|
|09:15 PM - KBal quoted SoftSoap in post NT Hangup and Journaling
Awesome to hear this, good luck in your trading and journal...
|September 25th, 2016|
|09:03 PM - SoftSoap quoted KBal in post SoftSoap's NQ Journey - from SoftSoap to SoftGold
Thanks for sharing your experience. I can relate to th...
|September 24th, 2016|
|05:58 PM - KBal quoted SoftSoap in post I can relate:
I wish I did NOT have to share this on my first week of thi...