Ouch! Trader carrying heavy losses | Page 2 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

BUY & SELL both carrying a negative swap. Is it possible? 5 replies

Ouch AUSUSD 7 replies

Ouch 22 replies

great quote regarding taking a loss and carrying on 11 replies

Ouch!!!!!!!!!!!200 pip stops hurt! 12 replies

Attachments: Ouch! Trader carrying heavy losses
Exit Attachments

Ouch! Trader carrying heavy losses

  • #21
  • Jul 8, 2013 8:15am Jul 8, 2013 8:15am
As bad as the trade calls are, this person could turn a massive profit if they just started doing the exact opposite of what they think is right. Since 95% of the time our egos get in the way, just give up the ego to make money.

Here's what their thought process should be...

"Hmm, I think the S&P is going to go down. Better go ahead and buy some /ES futures contracts or call options on the SPY then."
  • #22
  • Jul 8, 2013 9:21am Jul 8, 2013 9:21am
Quoting EmeraldEyes
Is that why there's such an odd lot amount? O man, those huge SPY shorts are scary!
//---

hey emerald..... from the trades I looked at, the lots are being clearly in a martingale arrangement.... it only takes a quick glance to see a countertrend martingale system..... i wouldn't be surprised if it was one from this forum....

if someone can not resist countertrend trading, it's seems to help me by focusing on a single pair.... in other words, if someone over the last several months wants

to short the euraud, leave the others alone..... countertrend trading a single pair is risky.... martingale trading a single pair is risky..... countertrend martingale

every pair at the same time is something else........

//-----

fwiw, as far as the spy shorts, so am I....... if you look at a quote of the " SPXS Jan 17 '15 $5 Call " you'll see an open interest of 34...... 30 are mine and they are 1731$ in the red..... i'm still buying........ and that's not to be taken as trading advice..... i have the money to lose.....h
to trade and code, keep both simple... no call to impress....h
  • #23
  • Jul 8, 2013 10:48am Jul 8, 2013 10:48am
Many people out there to whom half a mill is in no way a big sum. More like couch change XD People inherit hundreds of millions $ too, so even if this sum would have been too large to lose for a guy that made it with his/her own sweat, for inheritor it's easy come, easy go. Members of Saudi royal family for example have been known to lose millions in just a single afternoon on high-stake poker.
  • #24
  • Jul 10, 2013 8:45am Jul 10, 2013 8:45am
"only" 100k left
On my way to financial independence - if others can do it - I can do it
  • #25
  • Jul 10, 2013 9:30am Jul 10, 2013 9:30am
damn damn damn....I wish I had the money!
wo-yoy! wo-yoy! wo-yoy! wo-yoi! wo-yoy-yoy-yoy!
  • #26
  • Jul 10, 2013 9:39am Jul 10, 2013 9:39am
Quoting pemully
damn damn damn....I wish I had the money!
he booked loss...hhhmmm
been there done that, Good Bye
  • #27
  • Jul 10, 2013 9:48am Jul 10, 2013 9:48am
I am thinking to register him under my IB link with my broker so I can walk away with some of his money atleast a quarter of that
  • #28
  • Jul 10, 2013 9:50am Jul 10, 2013 9:50am
Quoting pemully
damn damn damn....I wish I had the money!
Maybe it would make you miserable like this guy
  • #29
  • Jul 10, 2013 12:04pm Jul 10, 2013 12:04pm
Attached Image
  • #30
  • Jul 10, 2013 12:17pm Jul 10, 2013 12:17pm
Quoting backinblackl
{quote} Maybe it would make you miserable like this guy
He has $250K to blow in at least one account. Are you certain he/she is miserable?
  • #31
  • Jul 11, 2013 1:48am Jul 11, 2013 1:48am
Quoting bollythehobo
{quote} He has $250K to blow in at least one account. Are you certain he/she is miserable?
He must be a miserable guy, trying to trade when he's not good it at all. It's like if I now suddenly wanted to play professional football. I know how to kick a ball tho XD DO you think Manchester United would have me???
  • #32
  • Jul 11, 2013 2:32am Jul 11, 2013 2:32am
now they're 'realized' losses. ouch.
  • #33
  • Jul 11, 2013 3:01am Jul 11, 2013 3:01am
Quoting pemully
damn damn damn....I wish I had the money!
Why don't you offer to trade his account for him for a slice of the profits?
  • #34
  • Jul 11, 2013 7:14am Jul 11, 2013 7:14am
i routinely go up/down 5-20% every day.

you don't make money selling at the bottom or buying at the top, gentlemen. being underwater is part of the business.
Any prices quoted are futures
  • #35
  • Jul 11, 2013 2:45pm Jul 11, 2013 2:45pm
Quoting jen101
{quote} Why don't you offer to trade his account for him for a slice of the profits?
Because that's illegal without going through the bureaucracy to get your paperwork stamped.
  • #36
  • Jul 11, 2013 9:04pm Jul 11, 2013 9:04pm
Quoting Kanzler
{quote}
Isn't this the bread & butter you was talking earlier Kanz ?
  • #37
  • Jul 11, 2013 9:07pm Jul 11, 2013 9:07pm
Quoting backinblackl
{quote} He must be a miserable guy, trying to trade when he's not good it at all. It's like if I now suddenly wanted to play professional football. I know how to kick a ball tho XD DO you think Manchester United would have me???
ManU certainly not, however Chelsea maybe ?
  • #38
  • Jul 11, 2013 11:42pm Jul 11, 2013 11:42pm
Quoting Delta1One
{quote} Isn't this the bread & butter you was talking earlier Kanz ?
Big losers, especially the type who hold losing trades and even add to them, are the source of the profits institutions, banks, and those few retail traders in the know make. It's all just one account being transferred to another. The trick is getting retail to buy high and sell low....turns out it isn't very hard.
  • #39
  • Jul 12, 2013 2:02am Jul 12, 2013 2:02am
Let's look at this in a positive light: Do the opposite of what he is doing so all of us can make what he is losing!
Lost....
  • #40
  • Jul 12, 2013 2:27am Jul 12, 2013 2:27am
Okay, losing $150.000 due to overtrading...it happens....but who the hell has a $250.000 account at InstaForex?
0 traders viewing now