Great trading stories: life changing wins/losses | Forex Factory

Options

Permalinks
Print Thread

Similar Threads

38 consecutive wins, 0 losses = win? 30 replies

Code my system please: EUR-USD 2010 61 wins 2 losses 97% 206 replies

Big wins and losses = slow and steady profits 28 replies

most common reasons for wins or losses 17 replies

Is a great % of wins better than more pips ? 18 replies

Great trading stories: life changing wins/losses

  • #1
  • First Post: Apr 22, 2017 2:16pm Apr 22, 2017 2:16pm
Hey guys ,

thought it would be awesome to hear some of the 'great stories' less heard about in trading . Here's mine:

i knew who dropped out of school at 17, lost all of his friends and girlfriend, lived on his own in a crappy little flat in London , worked a few bar shifts to make ends meet.

when he wasn't working at the bar, he spent 16 hours per day watching a 233 tick chart on the sp500 futures , along with time and sales ( tape reading). Starting with 1k he managed to run that up into £4million by the age of 20.

lets hear more of these !
  • #2
  • Edited 4:13pm Apr 22, 2017 3:57pm | Edited 4:13pm
Quoting Ir1sh
Hey guys , thought it would be awesome to hear some of the 'great stories' less heard about in trading . Here's mine: i knew who dropped out of school at 17, lost all of his friends and girlfriend, lived on his own in a crappy little flat in London , worked a few bar shifts to make ends meet. when he wasn't working at the bar, he spent 16 hours per day watching a 233 tick chart on the sp500 futures , along with time and sales ( tape reading). Starting with 1k he managed to run that up into 4million by the age of 20. lets hear more of these !
I once knew a poor orphan boy from Nigeria who was loaned an old laptop with mt4 installed on it. He then found $10 on the floor of his orphanage and deposited it with Oanda. Since he was an orphan, Oanda decided to waive the margin requirements. They are such good people like that, you know. He then doubled his money every day for 17 days and became a millionaire at the age of 8. Today he manages an empire sharing his story with other forex traders, and sells his course for a really reasonable $1000 per month. I think he has a thread in the commercial section.
  • #3
  • Apr 22, 2017 6:29pm Apr 22, 2017 6:29pm
Quoting Kanzler
{quote} I once knew a poor orphan boy from Nigeria who was loaned an old laptop with mt4 installed on it. He then found $10 on the floor of his orphanage and deposited it with Oanda. Since he was an orphan, Oanda decided to waive the margin requirements. They are such good people like that, you know. He then doubled his money every day for 17 days and became a millionaire at the age of 8. Today he manages an empire sharing his story with other forex traders, and sells his course for a really reasonable $1000 per month. I think he has a thread in...
Nice
Indentify > Plan > Accept > Execute
  • #4
  • Apr 23, 2017 4:32am Apr 23, 2017 4:32am
Quoting Ir1sh
Hey guys , thought it would be awesome to hear some of the 'great stories' less heard about in trading . Here's mine: i knew who dropped out of school at 17, lost all of his friends and girlfriend, lived on his own in a crappy little flat in London , worked a few bar shifts to make ends meet. when he wasn't working at the bar, he spent 16 hours per day watching a 233 tick chart on the sp500 futures , along with time and sales ( tape reading). Starting with 1k he managed to run that up into 4million by the age of 20. lets hear more of these !
Of course he did.
  • #5
  • Apr 23, 2017 8:00am Apr 23, 2017 8:00am
Quoting Kanzler
{quote} I once knew a poor orphan boy from Nigeria who was loaned an old laptop with mt4 installed on it. He then found $10 on the floor of his orphanage and deposited it with Oanda. Since he was an orphan, Oanda decided to waive the margin requirements. They are such good people like that, you know. He then doubled his money every day for 17 days and became a millionaire at the age of 8. Today he manages an empire sharing his story with other forex traders, and sells his course for a really reasonable $1000 per month. I think he has a thread in...

Haha, good one.
LDFX Trading Ltd
  • #6
  • Apr 23, 2017 10:05am Apr 23, 2017 10:05am
Quoting Kanzler
{quote} I once knew a poor orphan boy from Nigeria who was loaned an old laptop with mt4 installed on it. He then found $10 on the floor of his orphanage and deposited it with Oanda. Since he was an orphan, Oanda decided to waive the margin requirements. They are such good people like that, you know. He then doubled his money every day for 17 days and became a millionaire at the age of 8. Today he manages an empire sharing his story with other forex traders, and sells his course for a really reasonable $1000 per month. I think he has a thread in...
Thanks for sharing. Some do not believe Forex is doable
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.2%
  • #7
  • Apr 25, 2017 8:46pm Apr 25, 2017 8:46pm
Quoting Kanzler
{quote} I once knew a poor orphan boy from Nigeria who was loaned an old laptop with mt4 installed on it. He then found $10 on the floor of his orphanage and deposited it with Oanda. Since he was an orphan, Oanda decided to waive the margin requirements. They are such good people like that, you know. He then doubled his money every day for 17 days and became a millionaire at the age of 8. Today he manages an empire sharing his story with other forex traders, and sells his course for a really reasonable $1000 per month. I think he has a thread in...

Hahaha... tha's a good story millionaire by the age of 8 ... doubling money consecutively for 17 days... and with all those millions and amazing "doubling strategy", live his life... selling a trading course for peanuts. wow!!! what a kind soul...! lol...! Infact.. I have observed a very strange phenomena among some very successful traders, who could make millions in trading.. over night, live a humble life.. selling trading secrets to others for sometimes even 29$ to start with. )
  • #8
  • Apr 26, 2017 2:25am Apr 26, 2017 2:25am
Quoting 9jatrader
{quote}Some do not believe Forex is doable
I once new quite a few people who instead of staring at a price chart everyday taking notes, constantly asked other people on forums to show them a strategy and how to trade and said full time traders don't exist.....( not directed at you btw)
Never said I was Batman,all I'm saying is you'll never see us together.
  • #9
  • Apr 28, 2017 6:07am Apr 28, 2017 6:07am
Quoting player1pl
{quote} Of course he did.
lol. Whatever .
  • #10
  • May 23, 2017 11:59am May 23, 2017 11:59am
i Started my first demo account at 16, and a year later i opened a real account on the name of a familly member of mine (bcause its ilegal to have accaunt if you aint 18y old in EU). Long story short...I've learned all my skills from internet for free (and from my mistakes!). I started with 200$ (100$ i had from my daily school pocket cash savings and from what i've earnd in a month cleaning an office in my town (only a month and i got 70$ because they didn't liked my work and fired me after) and 100$ i barrowed from my mum). Surpricingly i didn't lost that money, and i actually made some profits (100-200 buks, I was trading mini lots in order to learn so, not much was going to happen anyway). ) After i finish school i started working on a few places. I was a door to door sales man, i worked as an electrician, I worked at MacDonalds, I worked again as a salesman but this time in 5000m2 shop, and i also made Pizza's and Kebaps.... I managed to save some cash and i also won 1st place on a demo championship in Bulgaria from which i got 700$ for 1st prize and with all those savings from both my Job salary's and the championship... Thats how I started my Full time trading experience! From the begining to this date, Its been 9 long years of experience in the markets now. I haven't reached 1 million yet but i earn enough to have my own apartament, pay all my bills and buy some new toys (iphone's etc).. every year, without the need to work for somebody else! Speaking of working for someone else, i've been ofered a few times to manage somebody else's money... The record was once when a serius EU company offered me to work as their trader with 2 million dollars capital but i refused because i was afraid losing it and perhaps the consecuences that it might have had on me. So, basicly thats my story for now, the rest about how i become a millionaire, i'll share in the next 2-3 years. Cheers!
  • #11
  • May 25, 2017 2:44pm May 25, 2017 2:44pm
one good story is Stanley himself. at the beging he blow it all, but after that point he learned about risk and money management and ended up to run 3 hedge fund in same time all of them profitable and finaly he took Quantum, the hedge fund of Soros to a new level.
Price itself it's an indicator
  • #12
  • Jan 27, 2018 1:09pm Jan 27, 2018 1:09pm
I began short term trading in college way back in 1981, playing the hot small oil stocks. I was making all the mistakes but staying in the game by trading and playing IPOs. I finally came across an IPO which ended my aspirations to trade. It openend up and traded lower by the end of the day. I was down 20%. The broker called and recommended I get out. I didn't listen but held on, with most of my capital tied up in the IPO. Psychologically I was paralyzed by the trade and I sat on the position. A year later, a Wall Street Journal story came out that the company was swindled out of the IPO money and the stock was worthless. It took me about 15 years to gain the courage to get back in the market and trade
again, as I didn't trust the market or myself to make the right decisions. If I kept the stop loss, I may have spent those 15 years doing trading instead of playing it safe working 9 to 5
Price itself it's an indicator
  • #13
  • Last Post: Jan 27, 2018 1:17pm Jan 27, 2018 1:17pm
this is not a trade..but unbelievable to say the least...i know of an individual who got bought out by LVLT when it was around $20.00 a share back in like 1998 or maybe 97......it was 900,000 at $20...so roughly 18 mill...the stock ran up to a hi of 135 and the guy had not sold one share....he had margined many shares to purchase all kind of things..from clubs, to yachts ( the one we went to cuba in ), to freaken mansions..this guy was living the vida loca...in taking out margin he didnt pay taxes...well needless to say the stock got whalloped back down to a low of 3-4 ..now trading at 5.90..he was getting margin calls left and right and once they sold the stock to cover the margin he then had to pay taxes on what he sold..you do the math...im serious as a heart attackk....the cat was worth over 100 mill and flipped himself upside down..obviously i have no idea if any money was kept or the actual numbers...but I know for a fact that the IRS was knocking on his door and he lost 99% of all the toys he had..he might still be a millionaire but u get the picture...this cat lost 750k at the tables in vegas in one night...this is a suicidal story ...peace
Price itself it's an indicator
0 traders viewing now