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Suicide and forex

Quoting HudithePfupf
michisuperfr dropped in by claiming he made a few hundereds short of 500 000 last year.... Well the snake oilers have to keep the dream alive. He's reply vanished so quickly I couldn't even quote it. Smart move....why? If you have the following quote under your reply: "Men Who Can Both Be Right & Sit Tight Are Uncommon" ~ Jesse Livermore ", it's kind of funny to give such an answer to this thread.... because your idol Jesse commited - guess what - suicide.... His last words to his wife: (Wikipedia quote) On November 28, 1940, Livermore fatally shot...
"Men Who Can Both Be Right & Sit Tight Are Uncommon" ~ Jesse Livermore
Quoting HudithePfupf
http://nogamblingaddiction.com/addiction-statistics.htm Retail forex traders are suffering in most cases severe gambling addiction. So it is reasonable to look at statistics related to gambling addicts... Retail forex addiction is even worse, because still a significant portion of retail traders believe the marketing myth that it is possible to be profitable in retail forex, although every trustworthy source suggests otherwise. No wonder that snake oil sellers like redeflect..... who works for or has a stake in the forex business........
Dude stop this regulating nonsense!Forex in US is already heavily regulated with shitload of rules that rest of the world does not have.
This mindset is typical liberal lefty who thinks world problems are solved by more bureaucracy and red tape.
Every sane individual knows certain activities carries risk.Riding motorcycle which I do,skying,cycling,too much porn,opening new business and list goes on and on.In essence life is not worth living without risk.Every new invention,business,ideas were risky and that's beautiful because that's what life is taking risks and being ALIVE
In trading, you have to be defensive and aggressive at the same time
Quoting Exodus
{quote} I think that is a real statistic. For truth you need you need to ask Stu, he is the only guy we both know who comes close to being a persistent profitable trader. So ask him if he thinks he qualifies.
are you being sexist again by saying Stu a men is the only person we both know that is even close to making money persistent as a trader do you know no shame???

the statistic i read that makes the some sense is the bigger the account the higher the probability of being consistently profitable because the trader is more confidence and experienced also how long a trader has been trading i read has a direct link to being consistently profitable also i remember a statistic that what something like this 92% of traders loss money in a year out of the 8% that are profitable only 2% were profitable all four yearly financial quarters also i read somewhere the longer your in a trade the better the odds are for success so basically using a low leverage with big targets improves your probability of long term success


with these unprovable statistic i keep in mind that in the Premier League off season i personally know people that will short something randomly for a bet and people that have opened a account with a couple of grand hoping to quit their jobs so these people are part of any statistic you read about
Quoting Ross88
{quote} .... the statistic i read that makes the some sense is the bigger the account the higher the probability of being consistently profitable because the trader is more confidence and experienced also how long a trader has been trading i read has a direct link to being consistently profitable ...
I think a larger account makes people take the activity more seriously. If they consider the account value to be "a lot" they will take more care.
Carbon-Dioxide: the gas of life!
Quoting HudithePfupf
michisuperfr dropped in by claiming he made a few hundereds short of 500 000 last year.... Well the snake oilers have to keep the dream alive. He's reply vanished so quickly I couldn't even quote it. Smart move....why? If you have the following quote under your reply: "Men Who Can Both Be Right & Sit Tight Are Uncommon" ~ Jesse Livermore ", it's kind of funny to give such an answer to this thread.... because your idol Jesse commited - guess what - suicide.... His last words to his wife: (Wikipedia quote) On November 28, 1940, Livermore fatally shot...
The fact that the legend, hero, superstar of trading was actually a reckless, addicted, depression suffering individual and that he is looked upon as someone to be emulated, imitated, followed in order to become a successful trader... is profoundly disturbing to the sane individual.

So, I ask you dear retail forex community, should John Gacy be remembered for being a great clown ?
Quoting Davit
{quote} Dude stop this regulating nonsense!Forex in US is already heavily regulated with shitload of rules that rest of the world does not have. This mindset is typical liberal lefty who thinks world problems are solved by more bureaucracy and red tape. Every sane individual knows certain activities carries risk.Riding motorcycle which I do,skying,cycling,too much porn,opening new business and list goes on and on.In essence life is not worth living without risk.Every new invention,business,ideas were risky and that's beautiful because that's what...
As a society, if we decide that human vices (prostitution, gambling, alcohol, drugs, fire arms...) should be regulated to limit and prevent damage to individuals and communities; then don't you think that retail forex trading should also be regulated.
Sure, you can take the risk, but why should the innocent get hurt by your decision ?
Quoting Mingary
{quote} As a society, if we decide that human vices (prostitution, gambling, alcohol, drugs, fire arms...) should be regulated to limit and prevent damage to individuals and communities; then don't you think that retail forex trading should also be regulated. Sure, you can take the risk, but why should the innocent get hurt by your decision ?
Clearly you are being provocative to initiate a philosophical discussion about risk. Forex is no different than any other job. There is inherent risk. People can and do get hurt if the breadwinner picks the wrong company and it goes bust. Happens here in the states every day. So you are singling out forex for what reason? Why not single out line worker for the electric utility company? That is an infinitely more dangerous job.
If you are good at something, never do it for free--Joker
  • Post #68
  • Quote
  • Edited 2:15am Jan 17, 2018 12:32am | Edited 2:15am
Quoting forexalien
{quote} The % is better then that ........................and not true...............many are winning month after month even if it is one dollar...... {image}
Not many, very few, if even that.
It makes no logical sense to say that "many are winning month after month."

If new traders come into the game:
1) they lose and quit
2) they lose at first and then become winners or they win and keep on winning
3) they keep on losing and don't quit

if 1) then there are no winners in this game long term
if 2) then the game contains high percentage winners long term
if 3) then the game is made up of high percentage losers long term

Since 2) is clearly not an actual fact, it's evident that retail forex is a loser's game.

In reality, Retail Forex cannot function if traders don't lose. Winning is a statistical aberration.
Over time ALL customer funds become broker revenue through transaction cost.
Quoting jmn5611
{quote} Clearly you are being provocative to initiate a philosophical discussion about risk. Forex is no different than any other job. There is inherent risk. People can and do get hurt if the breadwinner picks the wrong company and it goes bust. Happens here in the states every day. So you are singling out forex for what reason? Why not single out line worker for the electric utility company? That is an infinitely more dangerous job.
Electric utility companies and their employees can operate and do their jobs totally free from any regulations ?
Forex is the one of the easiest way to make money. Patient and less time looking graph is the key.
Quoting Mingary
{quote} Electric utility companies and their employees can operate and do their jobs totally free from any regulations ?
You live in France. In the USA, the FX is very heavily regulated, which is why do not have 1000:1 leverage, USDBTC pairs, FIFO, and no hedging in a single account. So we have plenty of regulations.

But you are running from the question about risk. Do you believe that people have the right to take risks? Every one here takes risks every day. If I had to take the risk of driving a car on a Saturday night in the summertime, and trading FX, I would take the latter ten times out of ten. So this thread is really about risk and mental illness. I'll bet you that more people have committed suicide after a bad break up than trading FX.
If you are good at something, never do it for free--Joker
Quoting jmn5611
{quote} You live in France. In the USA, the FX is very heavily regulated, which is why do not have 1000:1 leverage, USDBTC pairs, FIFO, and no hedging in a single account. So we have plenty of regulations. But you are running from the question about risk. Do you believe that people have the right to take risks? Every one here takes risks every day. If I had to take the risk of driving a car on a Saturday night in the summertime, and trading FX, I would take the latter ten times out of ten. So this thread is really about risk and mental illness....
People should not have rights to take risks that will endanger others.

Trading the forex will lead to a bad break up, which may lead to suicide.

So it is with other forms of addictions.
There is being a good drunk, and there is being a bad drunk ..
What would a "significant other" see? (provided he / she knows, usually not)
Simply that you are a gambler when you lose, "you have a problem please get help" (drunk equivalent; you had too much to drink, get help)
You are a hero when you win "I hope you can do better" (drunk equivalent; thank you for not spending our rent money on alcohol this month)
Good drunk, bad drunk same as trading retail forex.
Every trader in the world is somewhere on the scale of addiction.
They put others at risk.
Quoting Mingary
{quote} People should not have rights to take risks that will endanger others. Trading the forex will lead to a bad break up, which may lead to suicide. So it is with other forms of addictions. There is being a good drunk, and there is being a bad drunk .. What would a "significant other" see? (provided he / she knows, usually not) Simply that you are a gambler when you lose, "you have a problem please get help" (drunk equivalent; you had too much to drink, get help) You are a hero when you win "I hope you can do better"...
Clearly this is speculation on your part. You haven't the slightest evidence to support your assertion.

You also failed to acknowledge the documented proof that the FX markets in some parts of the world are heavily regulated.

A quick question, is futures, options, bond or stock trading an addiction as well?

You also failed to acknowledge that everything in life that you do is gamble. Everything in life that you do is a calculated risk. Why do you avoid these assertions? Is it because they do not fit your argument?

Every time you get behind the wheel of a car you are taking risks that can potentially endanger others. Every time you take a career path and take on a family, you have the potential to endanger others. Your logic is clearly flawed.
If you are good at something, never do it for free--Joker
Quoting jmn5611
{quote} Clearly this is speculation on your part. You haven't the slightest evidence to support your assertion. You also failed to acknowledge the documented proof that the FX markets in some parts of the world are heavily regulated. A quick question, is futures, options, bond or stock trading an addiction as well? You also failed to acknowledge that everything in life that you do is gamble. Everything in life that you do is a calculated risk. Why do you avoid these assertions? Is it because they do not fit your argument? Every time you get behind...
Not flawed at all when you consider there is such a thing as "good risk" and "bad risk"

"good risk" leads to survival
"bad risk" leads to extinction

I will take the former anytime...
Quoting HudithePfupf
(Wikipedia quote) On November 28, 1940, Livermore fatally shot himself in the cloakroom of the Sherry Netherland Hotel in Manhattan.
Apparently, Jessie could not sit on his hands...

Quoting HudithePfupf
michisuperfr dropped in by claiming he made a few hundereds short of 500 000 last year.... Well the snake oilers have to keep the dream alive. He's reply vanished so quickly I couldn't even quote it. Smart move....why?
I have seen him doing that all the time here at FF. Strange bird michisuperfr is...

I think you can trust him. I have personally seen some absolutely insane things by him. Charts, trades, setups, ext. That guy is just nut crazy. It is hard to believe such type of traders do actually pass by here at FF, but they do, obviously...
Maadik Hugiis. IQ 69.
Quoting Mingary
{quote} Not flawed at all when you consider there is such a thing as "good risk" and "bad risk" "good risk" leads to survival "bad risk" leads to extinction I will take the former anytime...
Good risk is and bad risk is incumbent upon the individual. That is not something you get to decide and certainly does not justify governmental intervention in a relatively free marketplace.
If you are good at something, never do it for free--Joker
  • Post #77
  • Quote
  • Edited 6:42am Jan 17, 2018 5:55am | Edited 6:42am
Quoting MoneyZilla
Apparently, Jessie could not sit on his hands...


I actually don't even know much about him at all but some of his quotes are amazing (Many times I catched the big turns but couldn't sit tight...)

Quoting MoneyZilla
I have seen him doing that all the time here at FF.
Just wanna put this clear...I've NEVER claimed anywhere how much money I make and this post was also more a joke. I've posted something along:

"The only thing in FX that made me think about suicide was missing a big round number of profits by 600$ last year"

(But I atttached something to my post, maybe he didn't like this? Who cares...)
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot from 2018-01-17 11-44-45.png Size: 140 KB
"Men Who Can Both Be Right & Sit Tight Are Uncommon" ~ Jesse Livermore
Quoting Mingary
{quote} The fact that the legend, hero, superstar of trading was actually a reckless, addicted, depression suffering individual and that he is looked upon as someone to be emulated, imitated, followed in order to become a successful trader... is profoundly disturbing to the sane individual. So, I ask you dear retail forex community, should John Gacy be remembered for being a great clown ?
I don't remember ever reading that trading was the reason jesse was a manic depressive and paranoid reckless fool ect ,I was under the impression that,this was a trait of his being.its quite insane to suggest trading created these traits.in some ways they probably enhanced his chosen profession.

spike Milligan was a great creator and writer besides producing some genius comedy,he suffered immensely with manic depression and wrote many times that the illness played a major part in his creativity .would he have suffered equally if he had chosen to sit in a dark room and did nothing ,yes he would have.his profession did not cause his personality problems.so trying to suggest there is a link is bizarre .
Quoting michisuperfr
Just wanna put this clear...I've NEVER claimed anywhere how much money I make and this post was also more a joke.
My bad, Sir. I was referring to you make a post and then very quickly deleting it. I did not mean any numbers/profits... just posts being quickly deleted shortly after. Sorry about not making it clear.
Maadik Hugiis. IQ 69.
Quoting MoneyZilla
{quote} Apparently, Jessie could not sit on his hands...
..... or maybe he really wanted to be in the Hyatt Regency
Carbon-Dioxide: the gas of life!
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