Thread: How to lose 250K $ in one day...

Something stinky about the whole story:

Originally Posted by ;

I've never traded through phone and I hadn't ever wanted a phone number.I hadn't ever believed that something like that may happen.

Its not the amount of money that I lost such a fantastic problem.
The challenge is that the manner that happened.I thought I'd sprayed and the only unpredictable thing that could happen was a comet hitting ground!

Originally Posted by ;

I would be willing to wager it was a demo account. It beggars belief that someone trading that much size would not have phone numbers and/or the little bit of intelligence necessary to a) know at least the nation and state/province in which the broker is loed and b) the intellect to get the number. I barely think their number is unlisted. And when he dropped 250k and off it, he's suggesting he has a large account in a minimum of 6x times the missing.

Now if the poster demonstrated himself to actually be Paris Hilton I would believe the story.

Also Paris Hilton can operate a cell phone in fact she is most likely a grand master of their Mobile Phone

Originally Posted by ;

even Paris Hilton can work a mobile phone in fact she's most likely a grand master of the mobile phone

I currently reside in Greece.
I'm not from the U.S.
No internet access usually means no other method of obtaining the contact number except if you had it written somewhere.

I dont understand why I should apologize for writing the facts about what happened.
Either think the story or not.Dont insult me.

So this is approximately 2K per pip. Why bother with brokers whenever you have account? Trade directly...

I agree that in case the point of the narrative to always expect the unexpected, you mention to your loss just made this conversation going into entirely different direction.

My question here is what system provides you this type of confidence to exchange with loose stops?

Originally Posted by ;

Dont believe the story if you would like just receive a back up strategy...

Actually I have some even more unbelievable stories.

Uh huh.




even Paris Hilton can work a cell phone in fact she is probably a grand master of the Mobile Phone

I have found the best backup net connection for emergency trading to be....good older dialup. I had to dig out one of my older 56k screecher modems that are internal to set it up, but it was to be worth it.

Consider how often your cable or dsl service is interrupted, as compared to your own mobile service.

Concerning reliability, the phone companies still have a substantial edge in this section....it makes sense, they've been about a hell of a lot longer.

Originally Posted by ;

I currently reside in Greece.
I am not from the U.S.
No internet access usually means no other method of getting the phone number except if you had it written somewhere.

I dont even understand why I must apologize for writing the truth about what happened.
Either believe the narrative or not.Dont insult me.

Do not worry temp. The moral of your story is all that matters. You'd been better off not mentioning the sum. I also would have no clue how to contact my broker without the world wide web to tell the number to me. But your story, whether accurate or not, has assisted me. Thanks.

Alrighty, people. . .that's quite enough...

Regardless of the unbelievability of the narrative there's a point to be made. Have your friggin amounts handy, and have a backup plan for internet outages.

Tradeit. . .the guy didn't say anything about where he had been trading. For he had been trading through Duk or another Currenex platform or hell he had been trading with the banks directly.

Again, you guys are focusing on the wrong part of the thread. . .whether he dropped a quarter of a mil or just one quarter. . .it's significant that you men have a backup plan.

Geez. . .imagine if the story was actually correct. . .kick a guy while he's down, why not? :--RRB- that I simply don't find a problem. . .It's a good idea. . .ya'll should just breathe in for a second...

Originally Posted by ;

So this is approximately 2K per pip. Why bother with brokers when you have account? Trade directly...

I agree that in case the point of the narrative to always expect the unexpected, you mention to your reduction only made this dialogue going into completely different direction.

My question this is what system provides you this type of confidence to trade with loose stops?

Originally Posted by ;

My question here is what system gives you this type of confidence to trade with loose stops?

That is what he wrote:
At Friday I had been long at Cable in 1.9563 using a stop loss at 1.9550.
After reanalyzing the state of the pair I realized that I should move my stop loss a little lower in 1.9543. So I deleted the old Stop Loss. . .and rather than reentering the new Stop Loss I continued assessing the market since I wasnt so certain anymore that it'd go up and I was thinking about closing my position and reentering at a second point once the move ahead could have been completed.

Originally Posted by ;

So this is approximately 2K per pip. Why bother with brokers when you have account? Trade directly...

I agree that if the purpose of the story to always expect the unexpected, you mention to your loss just made this dialog going into completely different direction.

My question this is what system gives you this kind of confidence to exchange with loose stops?

Yes you're right the reference to the loss was completely wrong.
I will delete any mention of the ammount I lost.

One year ago(last May) under the name of J.L (Jesse Livermore) I had posted a forecast that EUR/USD would shirt in 1.2950 -(28) pips and then it would fall at 1.2550. At that post I had clarified some fundamental principles of my system.Unfortunately I cannot find the thread so that I can supply you a link.
My system is really intricate and is based on Jesse's Livermore system.

Enough said...