TraderGav.com

Gav's trading blog - Perseverance, Consistency, Confidence

To young paper trader...

by Gav

I LOST $700,000 IN 3 MONTHS
    Student on winning stock market streak, then he loses dad's life savings
  • OCT LAST YEAR: Just a student in Australia, he makes $80,000 from trading
  • DEC LAST YEAR: Back in S'pore after exams, he role-plays trading & makes an imaginary $100,000 on 1st day & $110,000 on 2nd day
  • DEC-JAN: Convinces dad to give him life savings of $300,000. But he loses it & the $80,000
  • Feb: Girlfriend dumps him. He stops trading for 2 weeks.
  • FEB: He puts money on stocks of 9 companies when market reopens after Chinese New Year
Here is an very interesting story in Singapore. Here is the news

Comments

Historical comments are preserved here. New comments are closed.

  1. john
    that's brutal...he should have expressed his losses to his girl in terms of R :-)
  2. john
    that's brutal...he should have expressed his losses to his girl in terms of R :-)
  3. Gav
    LOL...in this case , he might only have 1 R loss. Coz, his 1 R is $700k
  4. Gav
    LOL...in this case , he might only have 1 R loss. Coz, his 1 R is $700k
  5. john
    lol
  6. john
    lol
  7. LP
    Good God almighty...I'm glad I only started out with 30K even now I feel like I need to continue looking for crazy probabilities where I could loose money and my R is only 100 bucks. I feel for the idiot. But man could he been more stupid?
  8. LP
    Good God almighty...I'm glad I only started out with 30K even now I feel like I need to continue looking for crazy probabilities where I could loose money and my R is only 100 bucks. I feel for the idiot. But man could he been more stupid?
  9. Alan
    darn, the article has expired and is no longer available.... Sounded interesting though
    1. Gav
      Jeez, I never expect a newspaper article to be expired. :-( Let me google it, see if I can find some archive.
  10. Alan
    darn, the article has expired and is no longer available.... Sounded interesting though
    1. Gav
      Jeez, I never expect a newspaper article to be expired. :-( Let me google it, see if I can find some archive.

Recommended FX Charting

Recommended Training

Price Action Course for Professionals