I applause your honesyt and I have been I'm your shoes. 3 or 4 times in the last two years.
Although I haven't lost 9 grand.. What I did lose was equivalent in feelings and emotions.
All it took was one bad trade and I could end up on a gambling binge. Not trading. So I understand you very well.
I am still here at I am making it work and have gone from not blowing a bank in over 6 months.
My best advice is how you respond. The fuck it mode can be prevented but it's the desire and courage to want to stop that will make the difference.
Don't let anyone tell you can't do this because it is bullshit. I truly believe a compulsive gambler can cracks this trading game with the right attitude.
not suggesting you are a gambler but trying to make a point on what's possible.
Your 20 years old. When you wake up tomorrow don't kid yourself. Don't tell yourself your going to make this work tomorrow or next week or within 6 months.
Tell yourself you have to change. Trading is about taking responsibility and the best way you can become a good trader Is changing your entire life. Don't just work on your trading work on your life.
Not here to judge or lecture. Giving you helpful advice.
If you want to learn to trade you have to become a man.
I respect the courage you have shown to post this now you need to teach your self the same courage when you have the urge to do it again.
Your brain is just wired differently and you need to retrain it.
Good luck and feel free to pm if you wish.
My Darkest and final day
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SeaHorseRacing
- Posts: 2896
- Joined: Fri May 20, 2016 7:06 pm
Sometime my messages can seem so passive aggressive and there not tended to at all. Only ever want to help but truth is needed.
October 2015 I started trading.
I was an impatient, chain smoking, petulant, irresponsible and sometimes lazy son of a bitch.
I had invested years and hundreds of thousands of pounds into gambling from the age of about 19. I say invested because I am believe it was.
I have won and lost a fortune many times. When I was 23 I sold my 1 year old 09 plate ford fiesta for £2,5k shorter then the value was worth to get 5k on to horse. Thankfully at the time it won and i won over 80k. I lost the 80k within 4 weeks.
I have sued Ladbrokes in court for 30k. I have sued another bookie for 5k. Winning both times. Yet by the time I got to October 2015 I was still in a dead end rut.
I truly believe that I most likely have the best racing prediction and standard times in the entire country but yet I still failed to make it pay properly.
29th December 2015 I made a pledge to quit smoking and change my life because I wanted my trading to pay so badly as a new years resolution. I had been smoking since the age of 11 making it 16 years. That very night I said to myself, why wait? You must make a change now.
Still to this day I am a non smoker since the 29th December 2015. Yet last year I still kept blowing banks.
The reason why I always failed to quit smoking was because I just gave up. Have a cigarette now I am smoking again.
The whole point of my story is when the times are low. Dont bury your head in the sand and think screw it. Stand up or get yourself up and keep moving forward.
My dad always told me growing up. When you make a bad decision, Every decision afterwards makes it 10 x worse.
The reason why I beleive so many people fail at sports trading are two reason.
1) they are gamblers; they cannot control themselves and go off the rails at the first point of trouble
2) They dont work hard enough to understand the markets learning how to adapt to different scenarios.
Understanding and responsibility is the key for any gambler trying to do this.
If you are a gambler, when you open a trade what do you do? I tell you what I do- my mouse is ready. My mouse is at my loss position, ready to take a loss. This doesnt mean I take losses when I shouldnt it means I take the the loss when i need to. There is no negotiation at all.
I am not suggesting you need to do this, but for me when I open a trade my brain f***** knows. It will either be a profitable trade or it will the loss you were already prepared to take. That could be a large spike and huge loss but my brain knows this and its entirely my own responsibility.
It the internet goes down, this is my own fault. It will an can happen at some point and now my brain knows this.
Dont mean to go on but just a wake up call.
Ask yourself... what in your life is reflecting on your trading. Is it emotional issues? Did you have trauma growing up? Are you paying your bills on time? Do you have self respect? you get what I am trying to say.
You need to take action on these too.
October 2015 I started trading.
I was an impatient, chain smoking, petulant, irresponsible and sometimes lazy son of a bitch.
I had invested years and hundreds of thousands of pounds into gambling from the age of about 19. I say invested because I am believe it was.
I have won and lost a fortune many times. When I was 23 I sold my 1 year old 09 plate ford fiesta for £2,5k shorter then the value was worth to get 5k on to horse. Thankfully at the time it won and i won over 80k. I lost the 80k within 4 weeks.
I have sued Ladbrokes in court for 30k. I have sued another bookie for 5k. Winning both times. Yet by the time I got to October 2015 I was still in a dead end rut.
I truly believe that I most likely have the best racing prediction and standard times in the entire country but yet I still failed to make it pay properly.
29th December 2015 I made a pledge to quit smoking and change my life because I wanted my trading to pay so badly as a new years resolution. I had been smoking since the age of 11 making it 16 years. That very night I said to myself, why wait? You must make a change now.
Still to this day I am a non smoker since the 29th December 2015. Yet last year I still kept blowing banks.
The reason why I always failed to quit smoking was because I just gave up. Have a cigarette now I am smoking again.
The whole point of my story is when the times are low. Dont bury your head in the sand and think screw it. Stand up or get yourself up and keep moving forward.
My dad always told me growing up. When you make a bad decision, Every decision afterwards makes it 10 x worse.
The reason why I beleive so many people fail at sports trading are two reason.
1) they are gamblers; they cannot control themselves and go off the rails at the first point of trouble
2) They dont work hard enough to understand the markets learning how to adapt to different scenarios.
Understanding and responsibility is the key for any gambler trying to do this.
If you are a gambler, when you open a trade what do you do? I tell you what I do- my mouse is ready. My mouse is at my loss position, ready to take a loss. This doesnt mean I take losses when I shouldnt it means I take the the loss when i need to. There is no negotiation at all.
I am not suggesting you need to do this, but for me when I open a trade my brain f***** knows. It will either be a profitable trade or it will the loss you were already prepared to take. That could be a large spike and huge loss but my brain knows this and its entirely my own responsibility.
It the internet goes down, this is my own fault. It will an can happen at some point and now my brain knows this.
Dont mean to go on but just a wake up call.
Ask yourself... what in your life is reflecting on your trading. Is it emotional issues? Did you have trauma growing up? Are you paying your bills on time? Do you have self respect? you get what I am trying to say.
You need to take action on these too.
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SeaHorseRacing
- Posts: 2896
- Joined: Fri May 20, 2016 7:06 pm
If I wanted to be a professional athlete. Spending years in the gym, training everyday, using the latest equipment is never going to get me to where I want to be without the right diet.
Learning to trade, attending courses and practising is all well and good but its never going to work if you dont work on the fuel inside you.
Some are fortunate to grow up eating the correct foods which creates good habits but some of us are not and we have to change.
Just because you havent doesnt mean you were not brought up properly either it just the way life is.
Your diet is your sanity, your mentality and home life.You need to organise, build and work on your foundations but you also need to keep feeding them correctly.
How do you expect to gain big muscles without the right nutrition. Infact what your doing could be more damaging long term.
Imagine a person seriously over weight due to laziness. I see this person as someone learning to trade but they do not come from a gambling background.
They rarely eat takeaway food and throughout there life have had a good nutritional diet but has now somehow gone a little a stray over the past few years. When they seek to lose weight just from changing and re adjusting there diet which will come easy to them they will lose weight. Just as this person trading. Although they are not trading very well they are not really losing money because the have a good nutrition. They have no desire to gamble.
Usually these types struggle to make trading pay just like the person trying to lose weight because they dont put the work in or go to the gym.
Whereas you get the same scenario yet this person has been very active throughout there entirely life. However they have spent there life being a skinny guy who can binge on shit and mcdonalds every day. When they decide to lose weight or decide to trade. They have no problem going to the gym in fact they probably go to much- just the way they are. But the problem is they cant and dont know how to maintain or change there nutrition.
Going to the gym for 3 days during the week but by the time the weekend comes there drinking and eating shit all weekend which undoes all the hard work. Just like a gambler all the learning and hard working trading can be undone with a single click.
If this guy just worked on there nutrition and the same as the trader if he just worked on himself he would make it. We all know how difficult sticking to a diet is... but if you search the internet you can find the fattest people youve ever seen but they did it and managed to maintain a great body for the rest of their life.
Peace.
Learning to trade, attending courses and practising is all well and good but its never going to work if you dont work on the fuel inside you.
Some are fortunate to grow up eating the correct foods which creates good habits but some of us are not and we have to change.
Just because you havent doesnt mean you were not brought up properly either it just the way life is.
Your diet is your sanity, your mentality and home life.You need to organise, build and work on your foundations but you also need to keep feeding them correctly.
How do you expect to gain big muscles without the right nutrition. Infact what your doing could be more damaging long term.
Imagine a person seriously over weight due to laziness. I see this person as someone learning to trade but they do not come from a gambling background.
They rarely eat takeaway food and throughout there life have had a good nutritional diet but has now somehow gone a little a stray over the past few years. When they seek to lose weight just from changing and re adjusting there diet which will come easy to them they will lose weight. Just as this person trading. Although they are not trading very well they are not really losing money because the have a good nutrition. They have no desire to gamble.
Usually these types struggle to make trading pay just like the person trying to lose weight because they dont put the work in or go to the gym.
Whereas you get the same scenario yet this person has been very active throughout there entirely life. However they have spent there life being a skinny guy who can binge on shit and mcdonalds every day. When they decide to lose weight or decide to trade. They have no problem going to the gym in fact they probably go to much- just the way they are. But the problem is they cant and dont know how to maintain or change there nutrition.
Going to the gym for 3 days during the week but by the time the weekend comes there drinking and eating shit all weekend which undoes all the hard work. Just like a gambler all the learning and hard working trading can be undone with a single click.
If this guy just worked on there nutrition and the same as the trader if he just worked on himself he would make it. We all know how difficult sticking to a diet is... but if you search the internet you can find the fattest people youve ever seen but they did it and managed to maintain a great body for the rest of their life.
Peace.
Last edited by SeaHorseRacing on Thu May 18, 2017 10:49 pm, edited 2 times in total.
Its took me 8 years of trying to go full time ,I blew one bank at the beginning,been on my arse more times than rocky .I always made a profit but it was only just enough to survive " leading to moy worries stress and massive pressure when I traded ..last October I completely changed my attitude and tackled my bad habits head on .it changed my trading completely and the pressure is far less ..so if I can do it in 8 years you have lots of time left to succeed in life ..just to say who a great forum this is 
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ShaunWhite
- Posts: 10559
- Joined: Sat Sep 03, 2016 3:42 am
Seems to be a lot of people encouraging you to stick at trading, but try and remember that there's plenty more interesting, fun, sociable, lucrative jobs out there besides this.
Sports trading is very one dimensional and it's unlikely to give you a varied career with the wonderful unexpected twists and turns an employer might put your way. If I'd been sat at my desk with my head in a spreadsheet from the age of 20 I'd have missed out on some of the best things that have happened to me; and they were all paid for by someone else plus a good wage, a pension, health care, holidays, nice cars, bonuses etc.
Trading is a great job if you're knocking on a bit, been there, done it, and looking for a quiet life but is it the absolute best thing a young man can do? I doubt it.
If you're prepared to put 6 or 7 years into learning something, you could be anything you choose to be, everything from a barrister to a hot rod builder...anything, and still be a part-time trader if you wanted.
God I wish I could start again, my careers advisor never showed me the section marked 'fun'. Saw a guy on tv the other day and his job was massaging cheerleaders ffs. Where was that in the list I saw !!! It didn't even look that hard...I guess the baggy shorts were hiding it.
So, do you really want to spend the next 45 years mostly alone and staring at a screen, or do you want to get out there and see where the wind blows you?
I think you might have just started a thread dedicated to what guys in their 50s would do if they were 20. After turning 50 I decided to only count adult years, that makes me a much more accepable 35, and you, a rather patronising 2 .... so plenty of time to find your path.
Sports trading is very one dimensional and it's unlikely to give you a varied career with the wonderful unexpected twists and turns an employer might put your way. If I'd been sat at my desk with my head in a spreadsheet from the age of 20 I'd have missed out on some of the best things that have happened to me; and they were all paid for by someone else plus a good wage, a pension, health care, holidays, nice cars, bonuses etc.
Trading is a great job if you're knocking on a bit, been there, done it, and looking for a quiet life but is it the absolute best thing a young man can do? I doubt it.
If you're prepared to put 6 or 7 years into learning something, you could be anything you choose to be, everything from a barrister to a hot rod builder...anything, and still be a part-time trader if you wanted.
God I wish I could start again, my careers advisor never showed me the section marked 'fun'. Saw a guy on tv the other day and his job was massaging cheerleaders ffs. Where was that in the list I saw !!! It didn't even look that hard...I guess the baggy shorts were hiding it.
So, do you really want to spend the next 45 years mostly alone and staring at a screen, or do you want to get out there and see where the wind blows you?
I think you might have just started a thread dedicated to what guys in their 50s would do if they were 20. After turning 50 I decided to only count adult years, that makes me a much more accepable 35, and you, a rather patronising 2 .... so plenty of time to find your path.
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ShaunWhite
- Posts: 10559
- Joined: Sat Sep 03, 2016 3:42 am
Just noticed you mentioned the oil industry.....see my comment above about the guy I saw on tv
if you have decided to quit, then quit for your own good.
dont reply anymore to this forum, remove all bookmarks, software etc to do with trading.
the vast majority will fail at trading, the wiring in their brains is not best suited to trading, and no good intentions, well wishing, dreaming, positive thinking, or lucky rabbit feet, will change that.
dont reply anymore to this forum, remove all bookmarks, software etc to do with trading.
the vast majority will fail at trading, the wiring in their brains is not best suited to trading, and no good intentions, well wishing, dreaming, positive thinking, or lucky rabbit feet, will change that.
I have great empathy for yourself and others in a similar position, because that was me many years ago. I struggled to accept losing trades, and I had an unquenchable thirst for turning what started as a trade into a reckless bet. I managed to turn the corner though, but that only came from a point of acceptance and honesty like yourself - I decided to work on my weaknesses and not my strengths.
However, I agree with to75ne. If you are putting your heart & soul on the line like this, and are saying goodbye, then you need to do exactly that. Remove everything from your computer associated with betting and trading.
However, I agree with to75ne. If you are putting your heart & soul on the line like this, and are saying goodbye, then you need to do exactly that. Remove everything from your computer associated with betting and trading.
I can only echo the the comments of the earlier posters in that it was obviously a big step in the first place posting on here so hats off to you for that.
Then as others have also suggested take a step back and allow a few days for your mind to clear, then with a clear head you can start to figure how and why things happened and then decide where you go and what you want to do from here.
Wish you the best of luck with whatever you decide
Then as others have also suggested take a step back and allow a few days for your mind to clear, then with a clear head you can start to figure how and why things happened and then decide where you go and what you want to do from here.
Wish you the best of luck with whatever you decide
" his job was massaging cheerleaders ffs." shaun that made me laugh , am off down the local job centre now to get the form for that one 
i have to agree if i was 20 i wouldnt be trading , i was a hairdresser and if i could go back i would of travelled with my scissors . my first port of call would be cutting the brazilian laidies beach ball team for a few quid on the beach 
i do love trading now but as you say there is so much to be experienced in life and time seems to go very quick when your older. i am 54 so am wondering how old will i be in shauns adult years, does that make me 4
i have to agree if i was 20 i wouldnt be trading , i was a hairdresser and if i could go back i would of travelled with my scissors . my first port of call would be cutting the brazilian laidies beach ball team for a few quid on the beach i do love trading now but as you say there is so much to be experienced in life and time seems to go very quick when your older. i am 54 so am wondering how old will i be in shauns adult years, does that make me 4