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Attachments: Video of someone losing $30k real money - You don't want this
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Video of someone losing $30k real money - You don't want this

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  • Post #1
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  • First Post: Jul 12, 2011 10:07am Jul 12, 2011 10:07am
  •  Sebastiaan76
  • | Joined Feb 2010 | Status: Member | 283 Posts
Found this on my travels through Youtube. I very inspiring video - in so much as I NEVER want to be going through what he goes through.

Inserted Video


Guess some lessons he hopefully learned are not to pick bottoms, go against the trend, not use stop losses, over leverage.

I've made a commitment to not be that guy

* warning: there is frequent swearing so use caution if viewing at work, or around kids.

Seb
- Look to the left, Trade to the right - I am the system
  • Post #2
  • Quote
  • Jul 12, 2011 10:36am Jul 12, 2011 10:36am
  •  6pack
  • | Joined Jan 2008 | Status: I am a money magnet! | 173 Posts
Quoting Sebastiaan76
Disliked
Found this on my travels through Youtube. I very inspiring video - in so much as I NEVER want to be going through what he goes through.

http://www.youtube.com/watch?v=vIMwM...eature=related

Guess some lessons he hopefully learned are not to pick bottoms, go against the trend, not use stop losses, over leverage.

I've made a commitment to not be that guy

* warning: there is frequent swearing so use caution if viewing at work, or around kids.

Seb
Ignored
Someone's got issues.
I like the "High Probability Trading" watermark on the upper-right corner of the screen.
 
 
  • Post #3
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  • Jul 12, 2011 10:38am Jul 12, 2011 10:38am
  •  Sebastiaan76
  • | Joined Feb 2010 | Status: Member | 283 Posts
found this using google: http://highprobability.blogspot.com/

he has a Youtube channel, and the voice/accent sound the same.

At least he came back.........If I lost $30k, I'd probably never be back!
- Look to the left, Trade to the right - I am the system
 
 
  • Post #4
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  • Jul 12, 2011 10:43am Jul 12, 2011 10:43am
  •  torkay77
  • | Joined Jul 2010 | Status: Member | 887 Posts
my favourite

"...who the f*** is selling?" lol
 
 
  • Post #5
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  • Jul 12, 2011 8:20pm Jul 12, 2011 8:20pm
  •  newyear498
  • Joined Nov 2010 | Status: Pips... or GTFO! | 1,023 Posts
Quoting Sebastiaan76
Disliked
Found this on my travels through Youtube. I very inspiring video - in so much as I NEVER want to be going through what he goes through.

http://www.youtube.com/watch?v=vIMwM...eature=related

Guess some lessons he hopefully learned are not to pick bottoms, go against the trend, not use stop losses, over leverage.

I've made a commitment to not be that guy

* warning: there is frequent swearing so use caution if viewing at work, or around kids.

Seb
Ignored
Nice find.. I found some enjoyment in his pain.. I'm so sick hehehehehehee

I've reacted the same way before but atleast my stoploss got me out before I was over a percent LOL..

lost his "life savings" ROFL.. and as the last guy said.. "high probability trading"


 
 
  • Post #6
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  • Jul 12, 2011 11:00pm Jul 12, 2011 11:00pm
  •  EmeraldEyes
  • | Commercial Member | Joined Sep 2010 | 1,472 Posts
Watched this vid a while back. It is sickening to imagine.

I think traders need to have that feeling at least once in their career.
 
 
  • Post #7
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  • Jul 12, 2011 11:19pm Jul 12, 2011 11:19pm
  •  FXSurfer
  • Joined Mar 2007 | Status: ~~~~~~~~~ | 3,692 Posts
It's a good vid to watch. I've see it quite a while back.

Holding on to a loser with a complete meltdown of composure and objectivity. A deer in the headlights who's unable to pull it together and act. A sickening self-induced experience, for sure.

Been there!

Quoting Sebastiaan76
Disliked
At least he came back.........If I lost $30k, I'd probably never be back!
Ignored
Probably still pissing away Other People's Money.

By the looks of his blog trades he's still working out the intricacies of picking tops and bottoms.
 
 
  • Post #8
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  • Jul 12, 2011 11:33pm Jul 12, 2011 11:33pm
  •  Expert44
  • | Commercial Member | Joined May 2011 | 146 Posts
A very educative video.
 
 
  • Post #9
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  • Jul 12, 2011 11:50pm Jul 12, 2011 11:50pm
  •  jcdollar
  • | Joined Jul 2011 | Status: And then, one day... I got in! | 34 Posts
30K.........! What was he trading and what platform was that?
Voodoo Economics.......
 
 
  • Post #10
  • Quote
  • Jul 13, 2011 12:19am Jul 13, 2011 12:19am
  •  Sebastiaan76
  • | Joined Feb 2010 | Status: Member | 283 Posts
I'm pretty sure he was trading options contracts ( or perhaps Futures ) on the S&P 500.
- Look to the left, Trade to the right - I am the system
 
 
  • Post #11
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  • Jul 13, 2011 7:21am Jul 13, 2011 7:21am
  •  Ngc773
  • | Joined Dec 2010 | Status: Member | 15 Posts
If only he was on the other side of the trade
 
 
  • Post #12
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  • Jul 13, 2011 11:01am Jul 13, 2011 11:01am
  •  jzw
  • | Joined Jun 2009 | Status: Member | 147 Posts
Quoting jcdollar
Disliked
30K.........! What was he trading and what platform was that?
Ignored
He's trading Russell 2000 futures using Interactive Brokers platform. I think this was from sometime in 2008.
 
 
  • Post #13
  • Quote
  • Jul 13, 2011 12:25pm Jul 13, 2011 12:25pm
  •  Expert44
  • | Commercial Member | Joined May 2011 | 146 Posts
I guess he was trading Martingale or
one of 'profitable' EAs that is so popular and sold on the Internet.
On publishing they are usually make graph go up but
who can demonstrate at least demo performance when
giving investors password?Nobody.
 
 
  • Post #14
  • Quote
  • Jul 13, 2011 1:07pm Jul 13, 2011 1:07pm
  •  twtyslove
  • | Joined Dec 2010 | Status: Member | 18 Posts
Why would anyone be recording themselves in such a situation and then want to post it.. good learning tool for others though..
 
 
  • Post #15
  • Quote
  • Jul 13, 2011 1:30pm Jul 13, 2011 1:30pm
  •  taomql4
  • Joined Dec 2008 | Status: Resident Psychiatrist!!! | 2,600 Posts
aahh .. The Makings of a Great Trader ..
 
 
  • Post #16
  • Quote
  • Jul 13, 2011 2:56pm Jul 13, 2011 2:56pm
  •  FXSurfer
  • Joined Mar 2007 | Status: ~~~~~~~~~ | 3,692 Posts
Quoting twtyslove
Disliked
Why would anyone be recording themselves in such a situation and then want to post it..
Ignored
No kidding! LOL!
 
 
  • Post #17
  • Quote
  • Jul 13, 2011 6:56pm Jul 13, 2011 6:56pm
  •  mr.marketz
  • Joined May 2006 | Status: Member | 397 Posts
So much for a 1-2% loss per trade... unless he had a $3M balance. Which I doubt, because guys pushing that much cash around rarely find themselves in this type of situation (anymore).

He had no business trading funds that size. A prime example of why being able to slowly grow an account is of the utmost importance.
 
 
  • Post #18
  • Quote
  • Jul 14, 2011 9:59am Jul 14, 2011 9:59am
  •  fluiDynamic
  • | Joined Sep 2010 | Status: Formless and Shapeless | 91 Posts
In my opinion, its one of the best educational videos out there.
 
 
  • Post #19
  • Quote
  • Jul 14, 2011 10:34am Jul 14, 2011 10:34am
  •  Giansar
  • | Joined May 2011 | Status: Member | 142 Posts
Scary stuff.
Should be mandatory to watch before opening a real money account.

I hope the poor guy managed to get back on his feet.
 
 
  • Post #20
  • Quote
  • Jul 14, 2011 12:33pm Jul 14, 2011 12:33pm
  •  Expert44
  • | Commercial Member | Joined May 2011 | 146 Posts
Do you think he will quit trading after all what happened to him?
Do we have any psychologists here?
 
 
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