Video of someone losing $30k real money - You don't want this | Page 3 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

How much do you want to make and why do you want to make it 17 replies

Someone can allow 30k loss with only 60k account 4 replies

When and how do you know you are ready to invest real money? 61 replies

Got into a discussion with someone, he says forex is inherently a losing game 46 replies

Can someone recommend a persistently losing EA? 11 replies

Attachments: Video of someone losing $30k real money - You don't want this
Exit Attachments

Video of someone losing $30k real money - You don't want this

  • #41
  • Jul 24, 2011 12:38pm Jul 24, 2011 12:38pm
Quoting Marv
We do, just not for complete idiots like this one. In this business, if that's how you treat your money, you don't deserve to keep it in the first place.

Guys like this are great for one thing: Pouring easy liquidity into the market. If you think it's sad or immoral to be winning from other people's loss, you've picked the wrong profession. Like the poker saying goes, "It's immoral to let a sucker keep his money."
I think it is quite ignorant to just assume this guy is a complete idiot on account of this mistake. I don't know the guy, maybe he is as dumb as a doorknob, maybe not. You definately can't tell that by one mistake. Do you know how many of the richest people in the world went bankrupt at least once before making it big?

ps I am quite happy to take this guys money and do not think it is immoral in the slightest if he is a willing participant in the market. I just don't think it is right to laugh at other peoples tradgedies.
  • #42
  • Jul 24, 2011 1:20pm Jul 24, 2011 1:20pm
Quoting Agro
I think it is quite ignorant to just assume this guy is a complete idiot on account of this mistake.
Though unlikely, yes, he may not be a complete idiot in general as a person (irrelevant), but he was definitely being one on this trade, and as a trader. That's what we are addressing, isn't it obvious?

Quoting Agro
I just don't think it is right to laugh at other peoples tradgedies.
Tragedy? LOL. Kids in Somalia starving to death, that's a tragedy. This is not. The guy threw his life-savings in one gamble of a trade, and then sat watching and cursing like some angry teenager having his ass kicked at some online game. There is nothing "educational" or "touching" about this, nor is it a "tragedy". It's just a plain stupid and irresponsible act and should be seen as such. Some pros doing such thing at one point in their career doesn't make it any better, it just means they were THAT stupid too at some point.
  • #43
  • Jul 24, 2011 1:52pm Jul 24, 2011 1:52pm
Quoting Marv
Tragedy? LOL. Kids in Somalia starving to death, that's a tragedy. This is not. The guy threw his life-savings in one gamble of a trade, and then sat watching and cursing like some angry teenager having his ass kicked at some online game. There is nothing "educational" or "touching" about this, nor is it a "tragedy". It's just a plain stupid and irresponsible act and should be seen as such. Some pros doing such thing at one point in their career doesn't make it any better, it just means they were THAT stupid too at some point.
OK, tradgedy was probably a poor choice of words, but you know what I mean. This would have been devistating for this bloke at the time. I do believe that most people need to blow a meaningful account at some point to make it in this business, or at least speed up the process. I know that without my experience I would have kept turning it over profit for months on end only to give it back on some overleveraged trade for a lot longer than I did. The wake up call is what I needed to make it. Maybe I am an idiot for needing that wake up call, or maybe I am a genious for subconciously giving it to myself before I wasted any more time and effort
  • #44
  • Jul 24, 2011 4:50pm Jul 24, 2011 4:50pm
Quoting tradercnx
I often trade futures and options over weekends. Have traded many large positions in soybeans with futures and options and held for many weeks. Weekends give you nice profits when the commodity gaps in your favor with the trend. Most can not decipher the trend and are so scared or the market they get out at the end of the day.

Weekends are not for Soros and Buffet types, they are for anyone with half a brain who can work out the trend.
  • #45
  • Jul 25, 2011 10:57am Jul 25, 2011 10:57am
Quoting Marv
Guys like this are great for one thing: Pouring easy liquidity into the market.


altho, i doubt he was trading penny stocks
  • #46
  • Jul 25, 2011 2:32pm Jul 25, 2011 2:32pm
Thanks, lmao. Thats funny. But id play it calm, win 10 or lose 10. Start with capital that is not your life savings. Or in another way jeezy says best "scared money, dont make no money". If it needs to happen it probably wont. I try to apply simple physics to the charts, so its kinda like the charts have a pulldown of 8.2 m/s. lol, go short, short. lmao. and ill be closing my eur/usd short positions at 1.437 flat, shortly.
  • #47
  • Jul 26, 2011 11:49pm Jul 26, 2011 11:49pm
Watching this post's video I found this one wich is another example of dumb trading. I laugh a lot because I felt the same not so long ago. Looks like the guy is just stupidly chasing the stock market and feels the market is always against him. It's nice exercise for those of us who have felt that way. By the way discretion is advised, swearing is constant.

<iframe width="425" height="349" src="http://www.youtube.com/embed/wKAu2cP0aHM" frameborder="0" allowfullscreen></iframe>



Inserted Video
  • #48
  • Jul 27, 2011 1:39pm Jul 27, 2011 1:39pm
lol! I like the way Bob Marley in the poster is looking at him.
  • #49
  • Jul 27, 2011 3:25pm Jul 27, 2011 3:25pm


I can't even make it through this last one!

Wow! Twice as insane as the first vid.

The guy's probably hard at work "managing" OPM.

Seriously. Is this the face of someone who should be trading?

The guy's ready to have a friggin' stroke! LOL!
Attached Image
  • #50
  • Jul 27, 2011 4:44pm Jul 27, 2011 4:44pm
lol He's got issues alright.
  • #51
  • Jul 28, 2011 9:30am Jul 28, 2011 9:30am
Good vids. Especially for newbies its a lesson, not to do careless or revenge trading otherwise they will loose the same way.
  • #52
  • Oct 24, 2011 10:49pm Oct 24, 2011 10:49pm
About a month ago, I've put a screenshot of someone losing a half million $ on USDCHF. That was LIVE ACCOUNT. And I remember the person's face till now. If you guys want to see it, I can make a screenshots again
  • #53
  • Oct 25, 2011 1:15am Oct 25, 2011 1:15am
Quoting Togu
About a month ago, I've put a screenshot of someone losing a half million $ on USDCHF. That was LIVE ACCOUNT. And I remember the person's face till now. If you guys want to see it, I can make a screenshots again
Was it all he had, or Warren Buffet sorta?
I found a penny today. That's +100 pips for me.
  • #54
  • Oct 25, 2011 1:40am Oct 25, 2011 1:40am
That guy's a fucking pussy compared to this guy.

http://www.forexfactory.com/showthread.php?t=220829
The breaking of a wave cannot explain the whole sea.
  • #55
  • Dec 8, 2011 2:52am Dec 8, 2011 2:52am
Quoting Sebastiaan76
Found this on my travels through Youtube. I very inspiring video - in so much as I NEVER want to be going through what he goes through.

http://www.youtube.com/watch?v=vIMwM...eature=related

Guess some lessons he hopefully learned are not to pick bottoms, go against the trend, not use stop losses, over leverage.

I've made a commitment to not be that guy

* warning: there is frequent swearing so use caution if viewing at work, or around kids.

Seb
Thanks for sharing
  • #56
  • Mar 12, 2012 3:38pm Mar 12, 2012 3:38pm
wow, so dont ever want to be that guy
  • #57
  • Mar 12, 2012 5:19pm Mar 12, 2012 5:19pm
i already lost 30k eur in one trade(was long eurpln straddle some time ago) but i was wrong with timing.....fortunatelly it wasnt my own money....but still a bad feeling that you lost one solid car
  • #58
  • Jun 19, 2013 10:33am Jun 19, 2013 10:33am
this post is awesome, somehow I dig it up from my subscribed thread. Last video is totally funny. I've replied to this thread because it may help someone on the this long journey. (I've been there)
  • #59
  • Last Post: Sep 8, 2017 1:08pm Sep 8, 2017 1:08pm
Quoting Sebastiaan76
Found this on my travels through Youtube. I very inspiring video - in so much as I NEVER want to be going through what he goes through. http://www.youtube.com/watch?v=vIMwM...eature=related Guess some lessons he hopefully learned are not to pick bottoms, go against the trend, not use stop losses, over leverage. I've made a commitment to not be that guy * warning: there is frequent swearing so use caution if viewing at work, or around kids. Seb
how about that?
Attached Image (click to enlarge)
Click to Enlarge Name: ^374CBEA792E02E1403B29197F072FCD3077762C01A938FC287^pimgpsh_fullsize_distr.png Size: 85 KB
0 traders viewing now