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  • #116,661
  • Jun 30, 2009 11:50pm Jun 30, 2009 11:50pm
Quoting psiholog
Since pa is currently consolidating at the same levels we were during the US session close I want to ask you all. Now I have been trading forex for 2 years...some nights I was quite drunk and made alot of profit...some nights I was quite drunk and lost a bit of money. I have alot of experience doing this and the good outweighs the bad.

What do you guys think about trading drunk?...good or bad?
I once bowled a perfect game and I was drunk, stoned, and I don't remember what all else. Closest game to that ever and since is a 221.

Trading though, real money, hard earned, serious business. Be at your best: calm, alert, focused, relaxed. If a little alcohol helps you get there go ahead.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #116,662
  • Jun 30, 2009 11:51pm Jun 30, 2009 11:51pm
Quoting Chicky
My Century Timeframe says, we are still in an up trend that has yet to show a correction.

lol ; P
  • #116,663
  • Jun 30, 2009 11:51pm Jun 30, 2009 11:51pm
Quoting psiholog
Since pa is currently consolidating at the same levels we were during the US session close I want to ask you all. Now I have been trading forex for 2 years...some nights I was quite drunk and made alot of profit...some nights I was quite drunk and lost a bit of money. I have alot of experience doing this and the good outweighs the bad.

What do you guys think about trading drunk?...good or bad?
ganja/weed and hot tea is better and you eat more and good for your body
  • #116,664
  • Jun 30, 2009 11:53pm Jun 30, 2009 11:53pm
Quoting Clouds
i usually have better luck with women are drunk?
good answer...makes alot of sense and applies to people especially my age. However since that is not the current scenario...let me ask you this. I am drunk beyond recognition right now. I do know that there is a bear flag forming in the equities markets (dow, s&p 500..etc). I also know we are close to the resistance level (1.4050) since the consolidation at the low started. Now I just place a short order with targets of a 100 pips lower. Drunk or not...good trade or no?

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Different opinions highly valued, ignorant to slander.
  • #116,665
  • Jun 30, 2009 11:56pm Jun 30, 2009 11:56pm
Quoting The Fool
I once bowled a perfect game and I was drunk, stoned, and I don't remember what all else. Closest game to that ever and since is a 221.

Trading though, real money, hard earned, serious business. Be at your best: calm, alert, focused, relaxed. If a little alcohol helps you get there go ahead.
This post is EXCELLENT. We all hear about trading strategies and mentality from the pros but we rarely hear about what "habits" we all have to be successful traders. Amen to this comment..I stand by it fully. Some people "like myself" need a bit of alcohol in themselves to RELAX and see pa clearly. The only question is whether I drank too much...hahahahha...we will see the outcome of my trade.
Different opinions highly valued, ignorant to slander.
  • #116,666
  • Jun 30, 2009 11:56pm Jun 30, 2009 11:56pm
Quoting psiholog
good answer...makes alot of sense and applies to people especially my age. However since that is not the current scenario...let me ask you this. I am drunk beyond recognition right now. I do know that there is a bear flag forming in the equities markets (dow, s&p 500..etc). I also know we are close to the resistance level (1.4050) since the consolidation at the low started. Now I just place a short order with targets of a 100 pips lower. Drunk or not...good trade or no?

Attachment
well, thats how im trading right now. im dollar long, and expect it to last 2-3 days. if you're unsure about the trade, just put your sl somewhere u can stand, and see what tonight/tomorrow brings.
  • #116,667
  • Jul 1, 2009 12:00am Jul 1, 2009 12:00am
Quoting psiholog
This post is EXCELLENT. We all hear about trading strategies and mentality from the pros but we rarely hear about what "habits" we all have to be successful traders. Amen to this comment..I stand by it fully. Some people "like myself" need a bit of alcohol in themselves to RELAX and see pa clearly. The only question is whether I drank too much...hahahahha...we will see the outcome of my trade.

alcohol depresses your inhabitations
  • #116,668
  • Jul 1, 2009 12:03am Jul 1, 2009 12:03am
Quoting psiholog
The only question is whether I drank too much...hahahahha...we will see the outcome of my trade.
Stock and commodity futures are up. We have big red news announcements coming soon. Who is runnin this show and what do they want to happen to the E/U price?

I need to scalp a bit, like to do it with a intraday bias. I'm leaning long above .4050, sittin on dry powder til the FO/LO. Good luck, psi, & remember the best trade sometimes is no trade at all.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #116,669
  • Jul 1, 2009 12:03am Jul 1, 2009 12:03am
OK, this is my first post to this site although I have been reading it for over 6 months daily, in particular this thread, Jacko's thread and some others.

Now, I started trading live sometime before I found this site. I was about 60% up on my account in less than 6 months (which is a 5 figure account to start with), but most of that was made on some crazy bets, including some that were made when I was..well....a little more than buzzed.

Now about 2 months ago, I wiped 75% of my account (that means 75% of my win plus 75% of my original capital .....DOH), on one night of drunk trading. Needless to say, I still have 5 figures to play with, and I can eat the loss, but it gave me a lot of inspiration to "stick with a plan", and more than enough inspiration for me to say to myself "I will never trade drunk again".

I sold a business I founded last year, and still don't have or want a "full time job", and I like trading a lot. But drunk trading is like showing up to work hammered....who needs that?

So, my suggestion is, get a demo account for those drunk nights. If you are a little buzzed and executing a trade you have planned for days, that is different.





Quoting psiholog
Since pa is currently consolidating at the same levels we were during the US session close I want to ask you all. Now I have been trading forex for 2 years...some nights I was quite drunk and made alot of profit...some nights I was quite drunk and lost a bit of money. I have alot of experience doing this and the good outweighs the bad.

What do you guys think about trading drunk?...good or bad?
  • #116,670
  • Jul 1, 2009 12:04am Jul 1, 2009 12:04am
Quoting psiholog
Since pa is currently consolidating at the same levels we were during the US session close I want to ask you all. Now I have been trading forex for 2 years...some nights I was quite drunk and made alot of profit...some nights I was quite drunk and lost a bit of money. I have alot of experience doing this and the good outweighs the bad.

What do you guys think about trading drunk?...good or bad?
Good.....if you make money.
Bad.......if you don't.
  • #116,671
  • Jul 1, 2009 12:06am Jul 1, 2009 12:06am
Quoting psiholog
Since pa is currently consolidating at the same levels we were during the US session close I want to ask you all. Now I have been trading forex for 2 years...some nights I was quite drunk and made alot of profit...some nights I was quite drunk and lost a bit of money. I have alot of experience doing this and the good outweighs the bad.

What do you guys think about trading drunk?...good or bad?
one time at band camp
Inserted Video
those who can, do. those who cant, talk about those who can
  • #116,672
  • Jul 1, 2009 12:13am Jul 1, 2009 12:13am
Quoting Machination
OK, this is my first post to this site although I have been reading it for over 6 months daily, in particular this thread, Jacko's thread and some others.

Now, I started trading live sometime before I found this site. I was about 60% up on my account in less than 6 months (which is a 5 figure account to start with), but most of that was made on some crazy bets, including some that were made when I was..well....a little more than buzzed.

Now about 2 months ago, I wiped 75% of my account (that means 75% of my win plus 75% of my original capital...
Im impressed..my drunk rant has made you want to post after you were silent for 6 months. Truly this is a topic that MANY of us face...especially on the slow nights when the weather is just right and one drink turns into many. Clearly you know your stuff through hardcore experience (aka loss). I appreciate this post big time..thank you
Different opinions highly valued, ignorant to slander.
  • #116,673
  • Jul 1, 2009 12:13am Jul 1, 2009 12:13am
Quoting gatorinla
one time at band camp http://www.youtube.com/watch?v=uYWQAg12Ko0



I should go to band camp..hell im young enough
Different opinions highly valued, ignorant to slander.
  • #116,674
  • Jul 1, 2009 12:17am Jul 1, 2009 12:17am
Quoting psiholog


I should go to band camp..hell im young enough
i always liked some sick humor if its done in good taste. and its funny
those who can, do. those who cant, talk about those who can
  • #116,675
  • Jul 1, 2009 12:22am Jul 1, 2009 12:22am
Quoting gatorinla
i always liked some sick humor if its done in good taste. and its funny
When you dedicate your life to forex like I have done for the past two years...quit school...quit work..quit a social life and spend all my time watching the charts (21 to 23 years old)....humor like this HELPS ALOT. I appreciate it...thank you
Different opinions highly valued, ignorant to slander.
  • #116,676
  • Jul 1, 2009 12:29am Jul 1, 2009 12:29am
Quoting gatorinla
one time at band camp http://www.youtube.com/watch?v=uYWQAg12Ko0
LOL!
  • #116,677
  • Jul 1, 2009 12:29am Jul 1, 2009 12:29am
Quoting psiholog
When you dedicate your life to forex like I have done
Well I hope it all pays off for you.

This break down looks like it might make a better base for some good buys
"If The Fool persists in his Folly he will become wise." - William Blake
  • #116,678
  • Jul 1, 2009 12:33am Jul 1, 2009 12:33am
M1: Price drawn down and high relative volume....could be the start of the pump.....
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  • #116,679
  • Jul 1, 2009 12:33am Jul 1, 2009 12:33am
Quoting psiholog
When you dedicate your life to forex like I have done for the past two years...quit school...quit work..quit a social life and spend all my time watching the charts (21 to 23 years old)....humor like this HELPS ALOT. I appreciate it...thank you
sometimes it takes that long for things to click..
those who can, do. those who cant, talk about those who can
  • #116,680
  • Jul 1, 2009 12:34am Jul 1, 2009 12:34am
Quoting Chicky
If it breaks 1.3980 down, i will wait for a while and will be all short after a retesting of this level. I am waiting for this for days. If not, will continue taking profits on longs.
my predict of today was 1.4008-1.4022-1.4036
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