A Warning For Aspiring Traders | Forex Factory

Options

Permalinks
Print Thread

Similar Threads

an Aspiring Up and Coming Trader 67 replies

Thoughts of an aspiring trader 15 replies

Handicapped, lazy aspiring trader – need discipline and commitment 3 replies

Warning to Carry Traders (Perfect Hedge) 38 replies

Attachments: A Warning For Aspiring Traders
Exit Attachments

A Warning For Aspiring Traders

  • #1
  • First Post: Oct 7, 2021 10:27am Oct 7, 2021 10:27am
I did a stupid thing today. I placed trades while drinking. I lost $1,300.

The market is hard enough to beat without encumbering ourselves.

Keep your mind and body sharp. If you are having trouble with anything in life, just sit it out and wait.

I wish you all success.
  • #2
  • Oct 8, 2021 1:15am Oct 8, 2021 1:15am
Quoting TekBiz
I did a stupid thing today. I placed trades while drinking. I lost $1,300. The market is hard enough to beat without encumbering ourselves. Keep your mind and body sharp. If you are having trouble with anything in life, just sit it out and wait. I wish you all success.
All you touch and all you see, is all your life will ever be.
  • #3
  • Oct 8, 2021 2:26am Oct 8, 2021 2:26am
I lost 60k back in 2017 with crypto, so dont feel bad lol

Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2021-10-08 at 5.26.13 pm.png Size: 1.7 MB
life is a reflection of what we allow ourselves to see
  • #4
  • Oct 8, 2021 5:03am Oct 8, 2021 5:03am
Quoting TekBiz
I did a stupid thing today. I placed trades while drinking. I lost $1,300.
___
.....may seem to just require common sense to figure, but also, many things can be drunk. I choose not to just take things for granted.
__
....while drinking what?
L.L.L.T
  • #5
  • Oct 8, 2021 6:03am Oct 8, 2021 6:03am
Quoting TekBiz
I did a stupid thing today. I placed trades while drinking. I lost $1,300. The market is hard enough to beat without encumbering ourselves. Keep your mind and body sharp. If you are having trouble with anything in life, just sit it out and wait. I wish you all success.
forgive me for intervening ...

but... I also had problems with alcohol ...

I think you lost because you didn't know what to do in the market ...

not because you drank ...

there are some substances in some mushrooms that cure you ...
but I think they are illegal everywhere in civilized countries ... because they do good ...

let everyone be aware of this ...
alcohol is a poison because it has a lethal dose ...

There are a lot of so-called drugs that don't have the lethal dose ...
but they're banned...

I do not recommend the use of coffee (contains another poison), drugs, alcohol or cigarettes ...

God bless you TekBiz and God bless everyone!
The only impartial feeling is love. It is also the only feeling of God.
  • #6
  • Oct 8, 2021 8:30am Oct 8, 2021 8:30am
I lost because my judgement was impaired by alcohol, and I deviated from my trading plan. Plain and simple.
  • #7
  • Oct 8, 2021 10:39am Oct 8, 2021 10:39am
Quoting LvMMT
{quote} forgive me for intervening ... but... I also had problems with alcohol ... I think you lost because you didn't know what to do in the market ... not because you drank ... there are some substances in some mushrooms that cure you ... but I think they are illegal everywhere in civilized countries ... because they do good ... let everyone be aware of this ... alcohol is a poison because it has a lethal dose ... There are a lot of so-called drugs that don't have the lethal dose ... but they're banned... I do not...
did you know that drinking coffee is good for the liver.
  • #8
  • Oct 11, 2021 11:41pm Oct 11, 2021 11:41pm
As much as I love my gin n tonic, I would never dare trade in a jolly state that it puts me in
  • #9
  • Oct 12, 2021 2:33am Oct 12, 2021 2:33am
Quoting TekBiz
I lost because my judgement was impaired by alcohol, and I deviated from my trading plan. Plain and simple.
Hi TekBiz If your judgement was impaired by alcohol its because your judgement to consume it was impaired. I use alcohol for cleaning, its good for that People who consume it are shallow & weak, just look at the stats. If you never consume it again the 1.3K was a good price. respect yourself, enjoy....
  • #10
  • Oct 12, 2021 6:29am Oct 12, 2021 6:29am
I also traded in a drunken state, but since I trade under an advanced system, I continued to follow the rules of my system. In the end, the trading ended well.
but it is best to drink milk while trading.
LOL.
  • #11
  • Oct 12, 2021 10:45am Oct 12, 2021 10:45am
Quoting Jannus
Look for 60 - 40 winning strategy , by the end of the year acct will growt , but is it worth it with the acct size , or overly leverages
show me plz sir
?
  • #12
  • Oct 12, 2021 12:51pm Oct 12, 2021 12:51pm
Quoting TekBiz
I did a stupid thing today. I placed trades while drinking. I lost $1,300. The market is hard enough to beat without encumbering ourselves. Keep your mind and body sharp. If you are having trouble with anything in life, just sit it out and wait. I wish you all success.
I lost more than $15000 on 21st April last year just by going to the fridge to pick up a beer and celebrate. When came back, profits and a big part of the account vanished.
It was the day of the big oil dip.
Follow your guts, if you want to lose your money...
  • #13
  • Last Post: Nov 1, 2021 5:11am Nov 1, 2021 5:11am
@JotaP Where was your stop loss at?
Just curious to know!
0 traders viewing now