My life is spoiled

I think that he was kidding, H.

Good post though, as per usual.

Nikkei & KOSPI.
for a second, i thought u were referring to a girl

Wow, what a sad story.

I sure hope that the money lost is now recovered, somehow. Also, hoping that all of this is not true.

I think he was drunk when he posted the first post. Made whole thing up.
Make sense since he never posted again

The story is very sad although I think it’s just that, a story, a made up story. I’m sure we’ve all done dumb things in our younger years but we learn from our mistakes this guy’s tail just goes on and on.. Wanting to be an aerospace engineer with those grammatical errors c’mon. SCAMAROO
If it’s not a scam go apologize to your parents and don’t ask them for another penny ever again and get some help.

Hey Han,

I agree with everything you say except for the referance you made to fund's post. I agree that the post is well written, but when he talks about charts charts charts he somewhat gives himself away. It could be that he 'lives off the charts,' as it were, but I don't think there are many who can do that nowadays.

I make my way around to plenty of forums and I'm sure you do as well. Some of the 'smarter' finance forums laugh traders out the door if they even so much as mention things like candle patterns, indicators, VSA, MP, ect.. Those common methods are thought of as rubbish. I'm not saying I agree with all the ego-maniacs on this, just that they are right to a point.

There have been a lot of average people who have done very well in trading using not much more than common sense. Take the select few who called the AAA mortgage bonds out for what they were. They simply put the story together, and now they are rich because of their insights. Or take Mark and Joe Ritchie who in their first time to the CME wore borrowed suits and were laughed at. They ended up forming one of the biggest options firms in the industry (Chicago Research and Trading). They Turned 200K into over 200M in 10 years. Neither of them are geniuses, just down to earth guys. I'm not calling these guys stupid by any means, just pointing out there 'averageness,' making up words here now... They are also hard workers and I think that quality is really what makes or breaks most people in any endeavor.

I just don't want people to read that post and then go take an online IQ test, get a 90 or some number back and then think they can't do it. If you work hard enough you can do it. Trading is difficult; difficulty that can be worked through if one is willing.

I can easily see how this can happen to a person, this has happened to me in many ways in life even without the inclusion of Forex, and it serves to highlight the importance of training in one's personal development. I agree that this is, in a way a gambling problem but did not occur without reason.

There was a lot of expectation on you, too much. You had defined yourself by hardship and overcoming it, although you are happy your parents sacrificed for you this increased the amount of pressure in your life. They helped you financially meet a reposnsibility that you weren't spritually and emotionally ready for. While you stidied hard through youth you probably missed your childhood, probably got sick of all your buddies getting nice cars and sh!t while working half as hard as you...

It started from one flaw. You were given money that you werent mature enough to handle. I know the feeling of gambling something you can't lose, its like a cold and irritating sweat. Your life is going down but you dont care because at that moment you want something higher or nothing at all. The reality of what this means does not kick in until later.

You had no chance when you started. Even excellent forex traders could lose a 10k stake with proper money managment. And all the money was necessary for your university life so once your lost your initial stake you were fubar. Everything had been focused on that point of success and when you decided to try for something higher, you risked something you couldnt afford to lose.

You had aimed for a pristine arrow in your life, a pure arcing path to your goal where you had what you needed and made people proud. And maybe if you had come from rich family you could have done both, college and got your chops on forex. Yet you come from hard roots so you didnt get that opportunity. I am the same.

You go then through the school of hard knocks, the school of life. You dont (at least not right away) get the acclaim and the fast career etc but!!..

You chose this for a reason. You say you just wanted to be an aerospace engineer - I dont think so. I think you wanted something more.

Rarely does life work out easy. You have the same problem I had, you lacked a life guide that you could share your dreams with. The fact that you left your family out of this tells me that in many ways you could not communicate with them, that you were just expected to be something that you werent yet ready for.

This is a story of too much pressure and so much hope. And then you hit bottom but it was not the bottom. Your feelings traced the opposite course of the moves the market made against your postitions. You drank. The drinking is like a celebration of life, like a victory in the evening it disguises the chaos of the day until the dawn hits you in the face with a marked clarity that can only be sunlight.

The hardship you experience may give you an edge later in life. It may define your personality and provide a spirtual strength that people will sense and respect. This can help you achieve success. Alternatively it may continue to weaken you, make you doubt and degrade yourself. It is tough to say whether this is a choice or a destiny. I dont know. I struggle with both the strength and the degradation. I really dont know where one begins and ends anymore.

Many people here reccomend God or military or some grounding concept. I reccomend that you come to terms with yourself. That you forgive yourself and without blame acknowledge that you had to try something outside of the path elected for you because you are curious and smart and ambitious. These are good qualities, however they are dangerous to oneself without a proper guide.


Engineering is a way into the forex market. You could do your bachlors, and then take a masters of finance. Become a Quant. Instead of designing airplanes, design programs that bend finances to your will. The money you will make will be plentiful and the understanding of the market you attain may restore strength to you. Or perhaps your life is better to just leave it be. If the markets chaos enters your life then it is no good. Like any job you must define a limit between work and home. Do not bring one into the other so that each pillar of support stands strong.

You remind me of a young warrior in a japanese house hold watching the samurai moving about the courtyard in fine garb executing cuts and engaging in beautiful symetrical dances. You wanted this, the acclaim of society and the ease of success and you picked up a katana, that you had not been trained in and did not belong to you, it was so sharp that one missed move would maim and greivously wound you. And it did. You berated yourself, put it back and hid your shame and then you did it again and again. Fascinated by its strength and the hope it offered, wanting its beauty and the respect of its mastery.

You understand why this occured. It is clear. You lacked training. before you touch a sword in japan you must learn the bokken and before that the shinai. Perhaps the jo to defend against the sword, but not the sowrd itself. The sword is introduced slowly and under careful control because mistakes with the sword are lethal. It is designed for one thing and if not used with exacting execution is too dangeous to learn upon.

This does not mean that you are a bad warrior, you are a warrior that will have experience as a guide and this path is hard because you need to depend upon yourself. Your respect of the sword is complete. You fear its destructiveness and this tempers you. You may decide to leave the path of the warrior because you understand a different wisdom now or you may bend that fear into precision and choose still to follow the path of the warrior.

You should note one thing. That each time you drew the Katana (entered the market) you were better. You lasted longer and your goals were more realistic. Your dreams ran smack dab into the reality that anything in life requires hard work - even talent - especially talent. And the markets have little edge to offer to talent or even intellect. They require respect and peace of mind for clarity, patience and timing. They require the opposite spirit of what you possesed when you were in them. Desperation, fear, hunger, the feeling of tanking your life all work against you and leverage is a multiplier of this.

One cannot trade if ones mind is in an emotional rut crawling over money and its lack. Traders need to seperate themselves and that is why people here talk about risk money. It is money that wont bleed your life away should you lose it. For some its easy, but for most it comes hard.

I realize the original poster has moved on from this point in his life, and yet his story is a good one. It marks out a life that is interesting and his injury serves as a steady guide for new participants dreams. The best trader in the world (Soros) averaged 30% a year. Its amazing how many traders intentionally ignore this limiting statistic because we want to believe that this is our destiny.

Hi Scotty,

I hear where you're coming from and I don't disagree. My reference to Fudomyo's post was more to illustrate that one needs to get a lot of things right, in order to make it work. It's possible that a 'street savvy' type of person has certain advantages over a mathematical genius; at the end of the day, I think much depends upon how the trader puts the 'pieces' together.

I don't believe that TA is a completely lost cause (James16, BillyRayValentine, and many others, are evidence that it can be used profitably, IMO), but I agree that a good dose of sensible discretion can be very helpful. The minimum requirement to succeed (overcoming '50/50 + spread') is not easy, but it's not impossibly daunting, either. I attempted to explain my thoughts in your 'Quest for wisdom' thread, before it took off down the orderflow path.

Cheers,
David

I realy sory for you but next time you must calculate all and also when you begin with any job you must know all about that material.

First Forex rule dont spent money they are critical,spend money just if you can living comfortable without them.

Second Forex rule > YOu must work 1 year to see that you are undestand Forex market and to see are you for this job,becouse you must have strong mental power,personality,knowlage...If you are positive for 1 year you can strat trade with smal size step by step...

YOu do what you do,go to family explain all and find new goal...


Seya

I have been trading for 5 years, my first year I blew out 30% of my account. I have to keep myself motivated and spend many months re-learning all about forex. Finally my efforts paid off. I am profitable now. Keep your chin up, don't give up! It will be worth it !

Let's face it....99.9% of new traders get blown out of the water in Forex. There is no single, public source with which a newbie can gather all the knowledge and tools necessary to become succesful quickly. If this did exist, it would cost a mint.

On the other hand, there are the indicators. An indicator is a tool but without the theoretical knowledge of statistics, IT and Forex combined, you don't have a chance to make use of the good indicators out there. Think of your MT4 platform as the dashboard to your car, but you have to build and calibrate that dashboard yourself (again, if someone did it for you...it would cost a mint). If you are one of those rare people that has mastered the statistical, IT and Forex challenges AND had the luck to build a profitable dashboard also, you can make endless amounts of money in Forex. But even brilliant dashboards still create risk because Forex trading is inherently risky. Remember this also: the financial industry can buy all this expertise and they still loose sometimes. Our job is to create our dashboards like do-it-yourself science projects, at a fraction of the cost that the big guys spend, so we can take the big guys to the cleaners. It is possible, but I would suggest that you build your own dashboards because you will learn some of the theory behind it for when you have to modify or calibrate it (which will happen sometimes).

Until you have a consistently profitable dashboard, stay away from live trading. Also remember to ramp up your position sizes gradually..like on a natural curve, never in extreme steps.

I see a lot of people who think he made the story up, which is very possible.

He may have just been attention seeking.

Alternatively, perhaps he was setting us up for a scam. There have been so many sob story threads on the internet for various different things and often they end up with the poster asking for money, sometimes not much.

If he did lose money, thats pretty tough, but unfortunately its a tough business to be in and someone has got to lose. Also, its only money and if and when the world decends into chaos and the monetary system collapses, I will be glad I live on a farm lol.

I feel for you, my freind. I can't say much about you using money for other purposes than you said BUT I can relate to your experience about: I BUY--IT Goes Down, I SELL: IT Goes UP! This little problem is really humiliating for all traders. It all looks so easy but you have to remember that the Forex Industry exists to rip off people that underestimate the difficulty of the Forex. Consider that most brokerages that engage in Forex trading have practically unlimited capital, the best scientific/economic minds, and fantastic equipment/software to trade with. The average non-profi trader just doesnt have a chance my freind. If you assume that going in, you can protect yourself until you become one of those supper lucky non-profi traders that make real money. Your young, just chalk it up to experience. Try to think beyond today's sorrows.

Money is not everything ,help your mother you ask for answer but she´s the best you got helping her, i worked 10 years near toxic gases ,very good salary but i always think if one day a get the cancer disease i shoot my self with a bullet.«Don´t worry and be happy»

Ya, the ironic thing is that some of the people here were on the opposite side.. making money while freshman dude lost it.

One thing I can say dude is that AT LEAST you didnt bunk things while you were in school. I did my degree and ducked it up by problems in my life.

A failed degree is worse then a criminal record, you can't get a pardon and it restricts you future avenues...

emigration to US .... some bucks
enrolling to college .... a bit more
quitting college and ruining your life because you took stupid risks .... PRICELESS!!!!

...lol

Obvious BS.

'aerospace engineer wannabe'

gimmmmmee a break

anyone know what happened to this guy since 2007 ?

in fiction land he jumped off a skyscraper

in reality he's probaby coutning his pennies from various time consuming scam attempts