My demise

Discussion in 'Trading' started by Giddiyup, Jun 16, 2019.

  1. Giddiyup

    Giddiyup

    I quit trading 8 years ago. I think after 8 years I finally pinpointed the reason I did not succeed.
    I lost approximately 25k in 2010 and quit sometime in the beginning of 2011.
    I had no 1 major blow. It was a long series of losses. My downfall? I rnow firmly believe it was the relatively huge success I had in 2009 where I made around 275k.
    I consider myself a piker who traded and made a little money every year from 1999 when I began to 2009. Most of those years in a range of 50k to 125k.
    I made a conscious decision to push myself in 2008 and 2009 and it worked because the market was there. I was emotionally drunk after the success of that last good year and never recovered as I bled away in my final year.
    At the time I blamed my demise on hft. The real issue was that i did not adapt to the market.
    I think my self imposed banishment has been long enough. I will spend the next 6 months studying the markets and determine if infact I can make it. This will be the first time I will have taken the market in a serious methodical manner.
    Comments welcome.
     
    VPhantom, heispark, slvrrisc and 4 others like this.
  2. Once Fed goes NIRP and QE5, blast Banks who buy back shares on a large scale, REITs in US and Fintech ( Brazil, Singapore, India, US )... Have 1 Canadian bank, 2 American banks, 2 American REITs, UUUU Stock ( once recovery starts ) and 1-2 Fintech... Profit!

    Then trade the momentum to maximize profits, re-invest Dividends
     
  3. dozu888

    dozu888

    If you had 10 year winning streak then you can trade. Should be able to come back.
     
    VPhantom and trader99 like this.
  4. tommcginnis

    tommcginnis

    This bodes very well for you. :thumbsup::thumbsup::thumbsup:
     
  5. Maverick1

    Maverick1

    What were you trading? stocks intraday or swing trades?
     
    murray t turtle likes this.
  6. Giddiyup

    Giddiyup

    Lol no idea what any of that means
     
  7. Giddiyup

    Giddiyup

    You think? Markets are so different. But not so differwnt.
     
  8. dozu888

    dozu888

    the 1999-2009 period covered a wide variety... you be fine.
     
    guru likes this.
  9. Giddiyup

    Giddiyup

    I was thinking just that. A crazy bull market using fraction system with specialists , tape reading, sector trading to an economic meltdown . Crazy changes. I adapted to all of it except the last year. I'll try to impart any knowledge I had in trading during that time period if anyone is interested.
     
    dozu888 likes this.
  10. Giddiyup

    Giddiyup

    Also I should mention that I moved to Pennsylvania rural area on the year I started losing (from nyc). I think that may have played some part but not the main issue imo. 5mbps connection at the time was the fastest I could get.

    I'll be moving back to NYC before trading again.
     
    #10     Jun 16, 2019