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  1. #1
    Rookie Member Orisue's Avatar

    So. I lost $200. !!!

    Then I invested another $200.
    I know why I lost, I had no discipline, I was doing 60 seconds being impatient.
    but now i'm doing 5 minutes, reading charts, reading trends, predicting call and puts from candle movement and doing much better.

    I should change the thread name to not $200 lost, but $200 for a great lesson learned.

  2. #2
    Legendry Member Michael Hodges's Avatar
    That's a cheap lesson.

  3. #3
    Rookie Member Orisue's Avatar
    Quote Originally Posted by Michael Hodges View Post
    That's a cheap lesson.
    Lessons never end, and progress will continue.

  4. #4
    Specialist Member pinoyoptions's Avatar
    Quote Originally Posted by Michael Hodges View Post
    That's a cheap lesson.
    LOL, indeed you are right SirMichael losing $200 is quite cheap ...I remember my first loss, it was 1.5 gran followed by another 2.5 gran. It hurt me so bad, luckily I bought 2 iphone before i burned my second account. I consider it tuition fee for me to learn the right manner in trading and not to do stupid mistake for future trading. I always remember all the mistake i had before and that keeps me discipline.

    @Orisue.. never think you can conquer the market, stay focus and be humble all the time.
    Last edited by pinoyoptions; 12-04-2013 at 10:02 AM.

  5. #5
    Veteran Member hchandra's Avatar
    $200 is cheap...
    you don't want to do the same with my old man, 15 grand.....
    But I think the first money paid always "tuition money" the rest will depend on our willingness to learn from Mr. Market the "tuition teacher".

  6. #6
    Specialist Member marvel's Avatar
    Quote Originally Posted by hchandra View Post
    $200 is cheap...
    you don't want to do the same with my old man, 15 grand.....
    But I think the first money paid always "tuition money" the rest will depend on our willingness to learn from Mr. Market the "tuition teacher".
    Right hchandra,

    At the very beginning of everyone trading career we all pay a tuition fee to the Mr. Market. The size of this fee depends on our ability to learn from our mistakes and to be patient and conservative. The fastest we want the money, the bigger the tuition fee will be

  7. #7
    Specialist Member RCox's Avatar
    Losses are inevitable, but new traders tend to over react once they occur and the emotional response is never good for account recovery.

  8. #8
    Rookie Member Orisue's Avatar
    Quote Originally Posted by marvel View Post
    Right hchandra,

    At the very beginning of everyone trading career we all pay a tuition fee to the Mr. Market. The size of this fee depends on our ability to learn from our mistakes and to be patient and conservative. The fastest we want the money, the bigger the tuition fee will be
    Well said!

  9. #9
    Solid Member
    Yes, every one of us pays this fee. Some at the beginning of their traders career, some a bit latter. It is better to pay that price very early before you become confident in yourself, because it is more dangerous to become self confident before you are ready to trade profitable. My first experience was positive and I became very confident and that forced me to trade more aggressively and I lose all my deposit. That was the moment I started to think about real education, not a fantasy one

  10. #10
    Active Member
    Losing is part of the game- no pain no gain.

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