People who lose money

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Viewing 6 posts - 1 through 6 (of 6 total)

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November 22, 2021 at 9:47 pm #102179

KateMoloney
Participant

Found an interesting website, with interesting stories from traders.

Anonymous
NOVEMBER 16, 2020
To every trader who has made money: fuck you.

What do you have that I don’t? I have spent hours, months, and years trying to make a strategy work. I did everything right. I have risk management, discipline, persistence. It doesn’t work. Any of it.

If you’ve made it, I am jealous of you. I don’t care if it’s wrong. I hope you lose your money to a financial crisis. I hate that you can do it when I can’t. I hate that I am seen as lazy because I’m giving up. I hate you all.

November 22, 2021 at 9:47 pm #114055

KateMoloney
Participant

Anonymous
DECEMBER 18, 2020
I have lost so much money in forex trading I regret the day my friend explained to me about forex little I didn’t know he loss 70k usd he just wanted me to always experience the same pain I lost 150k usd I lost my house my car n my gf left me now I’m just drinking everyday to num the pain ,I was happy before I knew forex I want to advice those who think they will make money trust me you wnt u will be miserable n alone n broke at the end

November 22, 2021 at 9:48 pm #114056

KateMoloney
Participant

The website is https://confessionsofatrader.com/

I find it helpful to study people who failed / lost money or gave up.

You can learn a lot about ‘what not to do’ from them.

November 22, 2021 at 9:49 pm #114057

KateMoloney
Participant

This guy is on a suicide mission.
All or nothing / black & white thinking … if he worked on his mindset first he may have achieved very different results.

Anonymous
AUGUST 26, 2020
I’m 39, recently divorced, my ex-wife does not let me see my kids because in her words I have a “gambling issue”.
Lost about 1.3Mil in my savings, inheritance and my parents lifesavings.
They went back to work and I’m now living at their place again.
Currently trying to get some funds from friends so I can go all in 500x leverage. It either works or it’s suicide for me. I wish you all the best of luck.

November 22, 2021 at 11:45 pm #114058

Nick Radge
Keymaster

A few repetitive themes:

1. A gambling mentality, i.e. no edge
2. A failure to take responsibility for their own actions.

November 22, 2021 at 11:59 pm #114059

KateMoloney
Participant

Second point … spot on.

I still come across people who invested in the same market as me 10 years ago, lost a lot of money, and they are still playing the victim and blaming their advisors. Financially and emotionally they are treading water. Its scary to watch.

Victimhood stops you from taking responsibility, but it also stops you from growing too.
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