If you have half an hour to spare, there is a funny podcast with a trader who blew more than 50 accounts. The first half an hour is boring, but the fun part starts from around the 30:50 min time stamp I had to listen to it to the end, pondering whether I should feel sorry for him, or whether he is a comedian making it all up LOL Here is the link:
My back-log from various podcasts are quite long already... Any chance of a Cliff Notes? Did he turn things around after those 50 blow-ups?
They guy in the podcast is a gunslinger, no risk management at all, you won’t learn anything from him, apart from a reminder of what not to do. But I found it entertaining how he’s getting funding from wealthy people and stuff like that.
The hilarious is, this "wealthy people" who funded a trader which just blew up his 20th account, never asking for an audit.... How did such stupid people get wealthy ??
I want to find someone stupidly wealthy to stake me. I listened to another podcast here in Norway from this guy who had absolutely zero clue what he was doing and which managed to get staked a fairly substantial sum having pretty much no experience and no track record. I always figured getting external funds to manage would be very hard, but now and then you hear these stories...
I listened about 15 minutes, Reminds me of the FTX guy, so cool and collected while there was devastation all around him. "Bernie Madoff" style. And feelings should have NOTHING to do with trading.
%% LOL, exactly what not to do.Except for the early American west; classic gunslinger has speed + skill. He must have speed+ not skill , a real account killer. 30;50 minute time stamp AT least he is VERY consistent
Least he is consistent - should probably write a book or some shit After all.., how many aren't consistent (rhetorical) ETA - as for blowing accounts being funny - I fail to see the humor - been there / done that - didn't like it one damn bit..., but it was necessary apparently RN
Hi Redneck, Welcome back. Admire all the effort you put in to help new traders in the journals section years ago. Sometimes looked like you and Donna [NoDoji] were a tag team... Hope you are trading and living well