This isn't money management, is account suicide. You can bet on red (or black) at the roulette doubling the amount each time you lose and then you win the first amount, but this is not trading.....
- #146,321
- Sep 24, 2009 5:55pm Sep 24, 2009 5:55pm
- Joined Jun 2009 | Status: Trader | 1,946 Posts
- #146,322
- Sep 24, 2009 5:55pm Sep 24, 2009 5:55pm
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
Doing what you like is Freedom. Liking what you do is Happiness.
- #146,323
- Sep 24, 2009 5:57pm Sep 24, 2009 5:57pm
- Joined Apr 2009 | Status: Live and learn. | 25,160 Posts
Martingale?
"If The Fool persists in his Folly he will become wise." - William Blake
- #146,324
- Sep 24, 2009 6:05pm Sep 24, 2009 6:05pm
- | Joined Mar 2009 | Status: No more trading without SL | 202 Posts
Martingale?
Did you know that you can't fold a piece of paper in half more then eight time, no matter how big the paper is?
We can apply the same concept to ours lot size.....
I'll send a bottle of wine to my first voucherer ;-)
- #146,327
- Sep 24, 2009 6:18pm Sep 24, 2009 6:18pm
- | Membership Revoked | Joined May 2008 | 1,027 Posts
- #146,328
- Sep 24, 2009 6:21pm Sep 24, 2009 6:21pm
- Joined Feb 2006 | Status: Spartan Attitude | 1,500 Posts
In Charts We Trust!
- #146,329
- Sep 24, 2009 6:23pm Sep 24, 2009 6:23pm
- Joined Feb 2006 | Status: Spartan Attitude | 1,500 Posts
In Charts We Trust!
- #146,330
- Sep 24, 2009 6:28pm Sep 24, 2009 6:28pm
- Joined Aug 2009 | Status: Sir Richard Culus | 3,099 Posts
- #146,331
- Sep 24, 2009 6:36pm Sep 24, 2009 6:36pm
- Joined Sep 2008 | Status: Married - 5 Wives | 14,713 Posts
This thread is so funny. I never heard of someone losing money or closing a position in loss so everybody is winning here.
I recommend rename this thread to "millionaires thread".
But most important thing is to ponder why many don't post their losses in a venture in which losses are very much part of the game and everyone knows it?
Not sure about others, but I many times hesitate posting losses only because most of them occur not becuase of me being wrong, but doing the wrong things. At times I don't feel like sharing with others what an ass I was by not believing my own publicly announced bias or analysis. On the other hand, try to take credit for every planned or unplanned gain that falls in my lap.
Success comes to those who keep on trying and getting better. One benchmark of success is $1,000,000 and other maybe $1,000,000 x X. People have achieved these levels in the past, achieving right now and will keep on achieving in the future. I don't see a reason why a 21 or 71 year old on this thread cannot achieve this level in the next few years or maybe in months
The Thief of Wall Street
- #146,333
- Sep 24, 2009 6:45pm Sep 24, 2009 6:45pm
- | Membership Revoked | Joined Aug 2006 | 11,977 Posts
This is human nature and will not change. Not surprising at all because many who lose either perfer keeping it to themselves or just vanish away.
But most important thing is to ponder why many don't post their losses in a venture in which losses are very much part of the game and everyone knows it?
Not sure about others, but I many times hesitate posting losses only because most of them occur not becuase of me being wrong, but doing the wrong things. At times I don't feel like sharing with others what an ass I was by not believing my own publicly...
I started trading stocks profitably without any of the traditional method's which are purely there to take our money IMHO, a mate who was making big wins talked me into the BS turning me into losing
what he didn't ever say was for every winner he had he had 2 equal or bigger losers.Human nature is to never admit to losers or worse still don't / can't take them, which you'll get away with sometimes for a bit but sooner or later your account is wiped.
Mates just fell for this and still doing it, she had a good run 300% gain or something in 2 weeks without taking a single loser ( yes my yes your doing it turned to OHHH NO ) , but the account is wiped out in 2 bad trades that kept going against her.
Averaging down is fine, but you NEED a sensible line in the sand that you do not break, cause if you do, 100% loss / margin call is coming.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
- #146,335
- Sep 24, 2009 6:55pm Sep 24, 2009 6:55pm
- Joined Jun 2009 | Status: Trader | 1,946 Posts
This is human nature and will not change. Not surprising at all because many who lose either perfer keeping it to themselves or just vanish away.
But most important thing is to ponder why many don't post their losses in a venture in which losses are very much part of the game and everyone knows it?
Not sure about others, but I many times hesitate posting losses only because most of them occur not becuase of me being wrong, but doing the wrong things. At times I don't feel like sharing with others what an ass I was by not believing my own publicly...
I'm still in right now-looks like we got some stop hunting going on.
- #146,336
- Sep 24, 2009 6:55pm Sep 24, 2009 6:55pm
- Joined Oct 2008 | Status: sideline is a position | 105,124 Posts
those who can, do. those who cant, talk about those who can
- #146,337
- Sep 24, 2009 6:57pm Sep 24, 2009 6:57pm
- | Membership Revoked | Joined May 2008 | 1,027 Posts
- #146,338
- Sep 24, 2009 6:59pm Sep 24, 2009 6:59pm
- Joined Aug 2009 | Status: Sir Richard Culus | 3,099 Posts
If it makes anyone feel any better I'm in this Euro trade long at 4647-if support gets broken I lose. So I'll happily admit before-hand. I lose trades all the time, win some too
I'm still in right now-looks like we got some stop hunting going on.
- #146,339
- Sep 24, 2009 7:00pm Sep 24, 2009 7:00pm
- | Joined Oct 2008 | Status: Behaviour changes often | 1,170 Posts
Guys, let's have fun with cable... Pair of the day undoubtebly 
Traders are smartasses
- #146,340
- Sep 24, 2009 7:03pm Sep 24, 2009 7:03pm
- Joined Jun 2009 | Status: A slave to the tape | 4,390 Posts
