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Attachments: Ouch! Trader carrying heavy losses
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Ouch! Trader carrying heavy losses

As bad as the trade calls are, this person could turn a massive profit if they just started doing the exact opposite of what they think is right. Since 95% of the time our egos get in the way, just give up the ego to make money.

Here's what their thought process should be...

"Hmm, I think the S&P is going to go down. Better go ahead and buy some /ES futures contracts or call options on the SPY then."
Quoting EmeraldEyes
Is that why there's such an odd lot amount? O man, those huge SPY shorts are scary!
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hey emerald..... from the trades I looked at, the lots are being clearly in a martingale arrangement.... it only takes a quick glance to see a countertrend martingale system..... i wouldn't be surprised if it was one from this forum....

if someone can not resist countertrend trading, it's seems to help me by focusing on a single pair.... in other words, if someone over the last several months wants

to short the euraud, leave the others alone..... countertrend trading a single pair is risky.... martingale trading a single pair is risky..... countertrend martingale

every pair at the same time is something else........

//-----

fwiw, as far as the spy shorts, so am I....... if you look at a quote of the " SPXS Jan 17 '15 $5 Call " you'll see an open interest of 34...... 30 are mine and they are 1731$ in the red..... i'm still buying........ and that's not to be taken as trading advice..... i have the money to lose.....h
to trade and code, keep both simple... no call to impress....h
Many people out there to whom half a mill is in no way a big sum. More like couch change XD People inherit hundreds of millions $ too, so even if this sum would have been too large to lose for a guy that made it with his/her own sweat, for inheritor it's easy come, easy go. Members of Saudi royal family for example have been known to lose millions in just a single afternoon on high-stake poker.
"only" 100k left
On my way to financial independence - if others can do it - I can do it
damn damn damn....I wish I had the money!
wo-yoy! wo-yoy! wo-yoy! wo-yoi! wo-yoy-yoy-yoy!
Quoting pemully
damn damn damn....I wish I had the money!
he booked loss...hhhmmm
been there done that, Good Bye
I am thinking to register him under my IB link with my broker so I can walk away with some of his money atleast a quarter of that
Quoting pemully
damn damn damn....I wish I had the money!
Maybe it would make you miserable like this guy
Attached Image
Quoting backinblackl
{quote} Maybe it would make you miserable like this guy
He has $250K to blow in at least one account. Are you certain he/she is miserable?
Quoting bollythehobo
{quote} He has $250K to blow in at least one account. Are you certain he/she is miserable?
He must be a miserable guy, trying to trade when he's not good it at all. It's like if I now suddenly wanted to play professional football. I know how to kick a ball tho XD DO you think Manchester United would have me???
now they're 'realized' losses. ouch.
Quoting pemully
damn damn damn....I wish I had the money!
Why don't you offer to trade his account for him for a slice of the profits?
i routinely go up/down 5-20% every day.

you don't make money selling at the bottom or buying at the top, gentlemen. being underwater is part of the business.
Any prices quoted are futures
Quoting jen101
{quote} Why don't you offer to trade his account for him for a slice of the profits?
Because that's illegal without going through the bureaucracy to get your paperwork stamped.
Quoting Kanzler
{quote}
Isn't this the bread & butter you was talking earlier Kanz ?
Quoting backinblackl
{quote} He must be a miserable guy, trying to trade when he's not good it at all. It's like if I now suddenly wanted to play professional football. I know how to kick a ball tho XD DO you think Manchester United would have me???
ManU certainly not, however Chelsea maybe ?
Quoting Delta1One
{quote} Isn't this the bread & butter you was talking earlier Kanz ?
Big losers, especially the type who hold losing trades and even add to them, are the source of the profits institutions, banks, and those few retail traders in the know make. It's all just one account being transferred to another. The trick is getting retail to buy high and sell low....turns out it isn't very hard.
Let's look at this in a positive light: Do the opposite of what he is doing so all of us can make what he is losing!
Lost....
Okay, losing $150.000 due to overtrading...it happens....but who the hell has a $250.000 account at InstaForex?
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