My blog has always been about learning how to trade and sharing it with whom ever wanted to read. Dr. Brett Steenbarger from TraderFeed linked me and he is a guy that has always been about helping traders learn and helping them solve the psychological challenges that traders face on a daily basis. I read his book a year ago and it helped me in my trading a lot. Dr. Brett is simply a good guy and I recommend his book to all serious traders.
Enhancing Trader Performance: Proven Strategies From the Cutting Edge of Trading Psychology (Wiley Trading)
Right now I'm looking at AAPL and it looks like a lot of long term investors are going to experience the same type of pain I felt yesterday.
18 comments:
I`m sorry for you mate, I was a financial advisor in Italy and I have seen many people ruined by stock markets. The few advantages simply don`t worth all the risks.
In the last 3 years I have been investing my SPARE MONEY in domains bringing in much more money that I used to get by trading stocks and the risk are much less.
If anyone want to learn something just visit www.italiandragon.com , it`s my Blog where I give free advices for newbies.
Cheer up, $40,000 are nothing! Take care of your health rather than stressing with stocks. I used to no sleep to follow stocks, no way, it`s not good.
Best regards
You have shown great character by posting your failure for all to see, ridicule or express sympathy.
Your honesty & forthrightness is leading by example.
Wishing you that first mill.
hey..heads up...like tradermike said, it will make you a better trader...at least thats my experince (-:...how old are you ? 20 ? you are so damn YOUNG !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! MAN..YOu GOT ALL THE TIME IN THE WORLD...the agon yis over and you can move on...you will most likely trade BETTER in the future...
cheers
I like you a lot more today than 3 days go.
John, this is what I tell myself when I lose a huge chunk of money ($12k in RIMM awhile back), if I can't make the 12k back eventually, then I shouldn't be trading. Same thing with big losses be it 7k or 31k. If you don't think you can get back from a 31k loss, then you shouldn't be trading and just get a job, right?
I have so much respect for you posting these educational real live videos. It has helped far more people than you would know.
HPT,
Thanks for sharing your pain with us.
If you get serious about your risk management, its only a matter of time before you make it back.
buzz you are a fucking idiot and should stop trading if you don't know a future contrect...
I had a similar mistake a couple years back. Blew up 5 year's worth of trading in a short time. Although pretty stupid, I think it was the best lesson I've had.
Although unbelievable, I'm back in the game now, after a lot of studying, and more careful than ever.
Forced myself to watch it all the way through. Rough. That could have been me. Thank you very much for posting.
Advice of John Carter in "Mastering the Trade": Label your implusive trades as such in your journal, and see how much it made you over a period of time. That prevents me from making such trades.
Hey,
I don't know if you've seen this yet, but at least you're not this guy...
http://boltar1.blogspot.com/
-Paul
A day later and ton smarter. Keep working hard and don't give up.
To succeed you have to try and fail. To fail you have to try and quit.
If you've managed to grow it to $40K over two years. You'll grow it to $80K with what you know in 3. Be smart and trade safe. I wish you all the success in the world and a touch of luck.
A day later and ton smarter. Keep working hard and don't give up.
To succeed you have to try and fail. To fail you have to try and quit.
If you've managed to grow it to $40K over two years. You'll grow it to $80K with what you know in 3. Be smart and trade safe. I wish you all the success in the world and a touch of luck.
HPT,
All these idiots who urged you on are losers. They lost before and want company.
Don't be like them.
Quit trading while you are ahead, and don't quit your day job.
Really!
here you go AAPL blow out
http://www.dehtrader.com/index.php?/archives/697-MAX.html
Good god, there are actually people who take recommendations from *you*? Sweet jesus... What a distorted world this web has created.
No offense blogdude but you handing out advice on trading is like Pamela Anderson handing out advice on calculus. Don't wish you any ill will but please, let's all just take a little bite of reality and let it soak in here. You need to spend some time learning, then spend some time doing -- then start worrying about publishing your recommendations. Sorry, but it's true.
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