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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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  • First Post: Jul 12, 2011 10:07am Jul 12, 2011 10:07am
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
Quoting Sebastiaan76
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
Someone's got issues.
I like the "High Probability Trading" watermark on the upper-right corner of the screen.
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
my favourite

"...who the f*** is selling?" lol
Quoting Sebastiaan76
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
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"


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.
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
At least he came back.........If I lost $30k, I'd probably never be back!
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.
A very educative video.
30K.........! What was he trading and what platform was that?
Voodoo Economics.......
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
If only he was on the other side of the trade
Quoting jcdollar
30K.........! What was he trading and what platform was that?
He's trading Russell 2000 futures using Interactive Brokers platform. I think this was from sometime in 2008.
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.
Why would anyone be recording themselves in such a situation and then want to post it.. good learning tool for others though..
aahh .. The Makings of a Great Trader ..
Quoting twtyslove
Why would anyone be recording themselves in such a situation and then want to post it..
No kidding! LOL!
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.
In my opinion, its one of the best educational videos out there.
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.
Do you think he will quit trading after all what happened to him?
Do we have any psychologists here?
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