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Muppet Trades

  • #1
  • First Post: Dec 15, 2011 10:01pm Dec 15, 2011 10:01pm
Some trades are losers. Some trades are winners. But every once in a while a trade occurs where everything you do is against all all reason. You buy the top or sell the bottom of a move (or both), you just executed a trade completely outside your rules (if you have any).

This is a thread for sharing those trades.

So post up your charts and add any notes you wish to share.

Thread Rules:

1) Don't criticize anyone’s claims. There will no doubt be some unimaginably epic failures posted here, but lets take the posters claim at face value.

2) Feel free to discuss systems, we obviously need the help.

3) Mockery and Ridicule is welcome and encouraged. After all, what is the point of anyone bothering to look at your rubbish charts if they can't abuse you?
  • #2
  • Dec 15, 2011 10:02pm Dec 15, 2011 10:02pm
It’s Friday, The Aussies have knocked off early and gone to the pub, the Asians are eating sweet and sour pork with rice and I execute a trade right into the obvious chop of a fading move that is clearly going nowhere. Not to mention against the longer term trend.
This is one of those days I wish I was actually doing what I was paid to do instead of trading at work.
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  • #3
  • Dec 15, 2011 10:04pm Dec 15, 2011 10:04pm
i hear the word muppet a lot around here, WTF is that supposed to mean.

to me it's kermy the frogg, and peggy from "the muppets" i used to watch them when i was little, i specially liked that bannana nose blue muppet
AVT INVENIAM VIAM AVT FACIAM
  • #4
  • Edited 10:52pm Dec 15, 2011 10:36pm | Edited 10:52pm
Quoting the redlion
i hear the word muppet a lot around here, WTF is that supposed to mean.

to me it's kermy the frogg, and peggy from "th" i used to watch them when i was little, i specially liked that bannana nose blue muppet
I know right? I think it originated in the EUR thread from what I gather. Everyone starts out as amuppet, I find it annoying when the hot shot traders chase newer traders away with the use of this word.

I only hope one day that there is a revolution and the "m" word becomes politically incorrect and muppets world wide can ride thread trains and have the right to vote in thread polls just like the profitable guys

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  • #5
  • Dec 15, 2011 10:55pm Dec 15, 2011 10:55pm
Quoting the redlion
i hear the word muppet a lot around here, WTF is that supposed to mean.

to me it's kermy the frogg, and peggy from "the muppets" i used to watch them when i was little, i specially liked that bannana nose blue muppet
http://www.urbandictionary.com/define.php?term=muppet
  • #6
  • Dec 15, 2011 10:57pm Dec 15, 2011 10:57pm
thanks i specially like that picture of the nerdy hottie on that web page
AVT INVENIAM VIAM AVT FACIAM
  • #7
  • Edited 11:28pm Dec 15, 2011 11:08pm | Edited 11:28pm
I tried to start a thread along these lines one day called "fugly trades"... funny it got no responses... People only wanna show you the "Smexy trades"

Too concerned bout their street cred lol

But would be a very valuable thread in my opinion if it got going...

Let me see if I can dig something up... I'm sure I have a few

EDIT: yes, just yesterday infact I sold the EUR at a nice price but got greedy and despite the market banging on obvious medium term bullish sentiment levels, and the EUR banging on support, as well as the 1.300 option magnet price in full effect I held the trade on the grounds that it had momentum to push through despite planning to buy earlier from the same level; (my greed convinced me to hold it) despite my market brain which had decided hours ago to buy from these levels).

End result; Stopped out at BE opportunity cost of 50 pips on the stopped out trade + 50 pips on the potential (woulda, shoulda, coulda) long Net Opportunity cost = 100 pips. I got lazy and overconfident, it's that time of the year I guess

Sold at the red line, missed my stop by like 3 pips, then tanked. Shit happens, but it surprised me as usually I'm much more disiplined than that. I think overconfidence played a major part. When you start making really good trades consistently you start to believe that the market will do whatever you decide for it. This is the exact moment you get a spanking. One small thing that rears it's ugly head for me every now an then, but I used to blow accounts over it, these days the damage is losts profits so I guess that's progress.
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  • #8
  • Dec 15, 2011 11:13pm Dec 15, 2011 11:13pm
i have done some dumb ass things.

the funniest of them all was, when i completely over leveraged and almost blew my account in one trade.

the STOCHASTICS and the RSI said over bought and damn it i was determined to hold it because it HAD TO DROP.

that was back at the start of the bull market in january it was my 2 or 3 trade ever. i had no idea about trading,

and things didnt end to well, i got f*cked hard, then i began to learn to trade, and i have done some stupid things like everyone else.

i got my losing trades and my winning trades but the ones i regret are the ones taken against any longical reason, and those i have done a good job of eliminating
AVT INVENIAM VIAM AVT FACIAM
  • #9
  • Dec 15, 2011 11:20pm Dec 15, 2011 11:20pm
Quoting CindyXXXX
I tried to start a thread along these lines one day called "fugly trades"... funny it got no responses... People only wanna show you the "Smexy trades"

Too concerned bout their street cred lol

But would be a very valuable thread in my opinion if it got going...

Let me see if I can dig something up... I'm sure I have a few
I figured the thread wont last long. I decided today to start making a copy of all my losing trades for further analysis, that's how i got the idea. I think there is alot of value in looking at why a trade failed (obviously there is not always a valid reason).

It could also just be a thread about muppets or the term muppet.

or people who look like muppets....
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  • #10
  • Dec 15, 2011 11:29pm Dec 15, 2011 11:29pm
Quoting havaiana
I figured the thread wont last long. I decided today to start making a copy of all my losing trades for further analysis, that's how i got the idea. I think there is alot of value in looking at why a trade failed (obviously there is not always a valid reason).

It could also just be a thread about muppets or the term muppet.

or people who look like muppets....
lol... Didn't take me long to find something, edited post above.
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  • #11
  • Dec 16, 2011 12:36am Dec 16, 2011 12:36am
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Since I had such a spectacular fail last week, I'll post my trade. As you can see I was really disgusted with myself by taking the trade.

First of all, I had a good start to the month of December, up 5%, and I managed to scale out my trades before the ECB rate anouncment and EU summit, which was my plan, since I didn't wanted to get caught out in the crazy volatility. So I wanted to stay flat until the weekend.

For some reason I went against my judgement. It was a mix of greed and not wanting to miss out on the move. After seeing the AUD rise, I bought two lots, at the TOP! Eventually I decided I can't handle the drop anymore and sold two lots at the BOTTOM!

So for going against my plan, not being disciplined and not staying patient I got punished badly!
  • #12
  • Dec 16, 2011 3:30am Dec 16, 2011 3:30am
Quoting PiptheRipper
I bought two lots, at the TOP! Eventually I decided I can't handle the drop anymore and sold two lots at the BOTTOM!
Sick, that's so bad it's impressive, it's going to be hard to top

I think we've all done this at some point, i know i have
  • #13
  • Dec 16, 2011 3:38am Dec 16, 2011 3:38am
Quoting havaiana
Sick, that's so bad it's impressive, it's going to be hard to top

I think we've all done this at some point, i know i have
to be honest my opinion is that you are doing a great service to everyone in FF, all the traders here are macho, "i am the best" mentality when most dont even break even, this thread is great, i have done so many retarded things is not even funny, i have placed trades that sucked so bad i cannot even describe...........................

The hero and the coward both feel the same thing, but the hero uses his fear, projects it onto his opponent, while the coward runs. It's the same thing, fear, but it's what you do with it that matters. [cus da mato)

we all lose , but is what we do with our failures that matter,
AVT INVENIAM VIAM AVT FACIAM
  • #14
  • Last Post: Dec 16, 2011 4:53am Dec 16, 2011 4:53am
Quoting PiptheRipper
For some reason I went against my judgement. It was a mix of greed and not wanting to miss out on the move. After seeing the AUD rise, I bought two lots, at the TOP! Eventually I decided I can't handle the drop anymore and sold two lots at the BOTTOM!
Ooooohhh, yeah, that's a classic. I did that so many times in my early trading days that I don't really like to remember ... lol. Mostly to save my account and give me some time to pump some more money in so I could try to sort the mess out.

I think it took about two years to take all the hedges (or should I say nedges) off. It's a little hazy now. Thankfully, I took them off at the right time because the market went back in the direction of the other trades. And it definitely wasn't skill. It was luck.

It's been a rough road ... but good on you for putting it out there
Nothing worth having is easy.
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