Stock Futures Trader losses it all and flips out

[NiHaoWoJiaoYang]

That was me yesterday, yelling at my computer. I lost a shit load of money yesterday.

[DynumoTV]

Who was videoing this and why?

[Darkflamemidneo]

I just shorted the Markets 3X leverage, i got your money

[bellinghammond]

a shallow guy...a "something for nothing" guy, like many of the people posting comments here...

I'd advise all you sons of Moloch to get some Soul but you wouldn't know where to "buy" it and you wouldn't know what to do with it if you could.

[MoriInAeternum]

This video is proof that you cant learn to trade with big ass position sizes. Start small, very small. Its kind of hard to learn when you are afraid of losing it all, unless you have balls of steel, but no one does. I say, if you cant run an account with a couple hundred up into several hundred, then you DEFINITELY WILL NOT RUN A 30 K account up, you will probably just lose it like this guy due to the stress of huge losses.

[ShigePink]

He's potentially a good R&B rapper.

[traderbob11]

Whenever I think my account is down....I always come here to feel better....makes me laugh so hard it brings tears to my eyes.......

[nadzorka2929]

Trading is just like speaking a language you need time to be fluent and the longer you trade the better you are at reading whats going on and being able to do with success! I personally have waited 2 years of demos with direct access brokers that don't manipulate your chart so at this point i know how and where to trade and it really is a stable way to work you just have to know what your doing!!

[nadzorka2929]

---> into your account quickly, 1/4% to 1% of your account balance is what you trade! The more you have in your account the better this works! If you have $100,000.00 account and open a $500-$1000 Dow trade and only keep it open 5-10 ticks of movement and the spread is 2 points you make $3000 to $8000 fast and safe most of the time and at this point you only make one or two trades then call it a day because the more trades you make the more you risk, so take that and wait till next time!

[nadzorka2929]

Scalping using a large trade and closing with small movements that you can clearly see will stay there long enough to get in and get out quickly! You know those 100 or more point movements the Dow makes in an hour or two or three and is a nice 45 degree direction on the chart those are what you trade on! Even better a volatile movement where you get 30 point straight up candle then a direct 30 point down candle and does this 10 times or so, those are the safest way to scalp and chip pieces --->

[nadzorka2929]

it's why scalping is the only safe way to trade, say you have a$10,000.00 account and open a buy $100 Dow position and it reverses on you and you see it's falling like this and your position is $2000 negative and falling you should close the trade and take the loss and open a sell position and in this case he would make back the loss of the closed trade and then make all the way down! This is what makes a successful trader vs one that loses like this!

Pattern recognition is required to day trade

[nadzorka2929]

why aren't you looking at a live chart? There is no way you can't trade just by looking at numbers you have to see the pattern a chart shows! You should have closed your position when you saw drop and reset to a sell position and made all the way down! I hate to say it but your a nub at trading!

[wojtek0000]

EarosioN, your comments have nothing to do with this video. I think you meant to comment on another video you had tabbed; like 'Racist Knuckle-dragger With No Life.'

[ryan93g]

if you're dropping F bombs while trading, you're doing something wrong. I see my old self in this.

I'm one of the lucky traders who made it through at the age of 17. Luckily I didn't have a family to support all those times when I blew up my account.

[citywidelawns]

Oh well, go get a real F***ing JOB.

[EarosioN]

@11mac11s you are blind, im not simply salvaging my ego, im giving you the correct answer

i could say the same thing to you, hypocrite.

[EarosioN]

@11mac11s

statistics bias? take a look around the internet you will find a very large number of sources pointing to 1.5 billion black people in the world population. it is quite solid.

and what the hell did you mean when you said whites are "FINISHED" then?

[lukeboy1231]

@11mac11s Hmmm, the devil is a DARK shade of red nearer black than white, unless we look at our real colours, we are kind of a pink colour, where as u are kinda shit coloured so i guess we could be devils if that is how u wanna c it, but just u know, better

[EarosioN]

@11mac11s black people make up about 20% of the worlds population, so try saying that again retard

[EarosioN]

@11mac11s the allegory of the cave doesnt work like that and doesnt even fit this situation at all, you cannot relate that philosophical idea to what we know IS real life, whatever kind of coma your in, wake up, wake the fuck up! you need a fucking doctor, my mind was not created by a "programmer" on a "floppy disk" as that is both impossible and metaphorically ridiculous. I dont know what "master plan" you are conspiring to but you need to get some serious help

ironically i do actually pity you

[EarosioN]

@11mac11s hmmm, looks like you need a trip to the mental hospital.

yeah, they have my mind on a floppy disk

who is "they" and seriously be real with me what the fuck does that even mean

floppy disks are out of date so your obviously so out of your mind you dont even know what year it is

and i do know whats goin on here, here im watching a video about a guy making a loss in his shares and also talking to you, a complete nut-case who cant grasp the concept of anthropolgy correctly

[EarosioN]

@11mac11s oh how original, i dont know what kind of background you come from but youve obviously got the wrong idea; completely

you must be pretty stupid to end a conversation with "game over"

[tcorourke2007]

And oh yeah: Down with white people!

[tcorourke2007]

This guy is a farmer now.

When it rains too much, he stands in the fields shouting obscenities at the corn.

[EarosioN]

@11mac11s yeah you will see us "devils" later cos your goin to hell buddy

[lukeboy1231]

@11mac11s Oh fuck you tar! yeh ur right we all go kill our families, u hu, thats why ur home country is full of dead :) and no i am not talking about where u were born, i am talking about where you belong!

[EarosioN]

@11mac11s erm..... i dont see anyone else giving your comment a single thumb up, probably because you clearly lack intelligence to such a degree that you think its necessary to accuse people without melanin pigment in their skin to be infinitely more greedy than people like yourself. you are what us "white boys" get "mad" over because you dont appreciate that as times have changed we have managed to mostly eradicate the racists. Sadly that does not include you though.

[EarosioN]

@11mac11s get a fucking brain

[ccben]

Let's watch it go to the depths of #&$%ing hell! Keep going down lower you mother #&$%er! Keep going down lower you mother #&$%er! #&$%ing #&$% you!

[codematrix]

I bought more gold and silver.

[erod1944]

He should have bought a Toyota Prius instead of holding overnight.

[decepticonsofnwo]

@11mac11s dont hate on the white man, u are just angry because your ape ancestors did not pass down enough intelligence for you to understand what the stock market is, its ok you have other desirable evolutuionary traits like a strong back, you will do just fine digging holes and packing building materials

[nickk707]

it is not the end of the world i have lost twice that in a matter of hours but you need to get past it, if you want to be a trader you need to learn to take the good with the bad

high reward and high risk go together.

[NeddLudd1811]

One less day trader!! Dude will need to get a real job!!! Go illuminati!!!

[PeacefulWeapon]

physical gold and silver!!!!!!!!!don't put your money anywhere else unless its water,food and ammo.

[mingeface45]

Apparently McDonalds is hiring. At US$7.45 an hour, it shouldn't take too long to pay back the $30,000.

[BannedOnYoutbe]

this looks fake

[fmhusseini]

lol...shouldn't use leverage...

[bobsr3]

A great many lessons here, learn from others mistakes.

[TheSelfGoverned]

BUY, SELL, BUY, SELL!!! SELL!!! SELL!!!

Don't play with leverage or else you'll end up in a similar situation. In fact, don't even play with stocks.

[alstar70]

For every winner on the futures exchange there is a loser.

[JohnWelsch]

The first rule is to blame yourself.

[JohnWelsch]

He has no idea about trading. Every of his words show he has no ducking idea about trading.

[bailinnumberguy]

The perils of off hours trading illustrated.

[jackj1959]

I wonder what the outcome was. Because the Russell opened up 4-5 points higher than at this point in the video on 1-22-08, but then did go 3-4 points lower than this before rebounding. Did he sit through this again?! But it then filled the gap and was even 9 points up at one point on Tuesday! It closed only 1.5 points down from Friday. As another posted wondered, boy, that would be the real bad thing if he got out and then it rallied. And it did in this instance!

[Shipdacheese]

He is either a very good actor or this is real. How do i know? Experience. Notice at one point he says 'u've done this to yourself dude'. It's funny how the stock and forex market always make you fell like it always is your fault. Personally i think they are rigged!

[Malk64]

@Shipdacheese Rigged? Lulz.

[andre83310]

Oh my god, poor guy! Why didn't he practice and do some risk management!? :(

How does someone record this anyway, why would he record it?

[FXPips11]

yeah, good video, not in the sense tho,lol.. I got this way losing Demo account like that, LOL

Never hold, Im in and out within 20 seconds, ( forex scalper )

[fxvlad]

fake



[realmadridvideos]

gap down 300 points ... that is insane

[budwow]

what's the consenus: real or fake?

[mlawren7]

@budwow I'm a trader. It's real. Unfortunately for him he was right: he realy is an idiot.

[qbix2302]

He lost the 'moral' of trading for a living. He is gambling and HOPING the market will listen to him which NEVER!!

He should have set at what points he is prepared to loose (for that gain) and get out once the points is against him.

I feel for you Dude, I know just what is like to be you then though I hope you r ok now!?

Cheers...

[chrism20]

Money management anyone?

[adolfolicious]

Im usually good at telling if somethings fake

This is real rage definitly

[MogTrader]

fake?

[nimrod379]

woah

[ikelleigh]

Why do people record themselves watching market numbers?

[SilverShamrock71]

over leveraging will kill your account sooner or later, you can't control the market, all you can control is your risk exposure...

[adriandecleir]

terrible actor.

[JP5466]

@adriandecleir No, he's a real trader. I remember this vid was being linked on several forums the day after it happened (MLK day Jan 2008).

[mrjeronimo]

Thanks for the easy money dude. My wife is enjoying her new BMW.....

[ryandbaird]

no one 'took ur money' YOU lost it! take responsibility

[kkjhhkjhkj]

Futures are only useful for risk management and speculation. This guy was speculating (gambling). He put his life savings on red. He deserves to have it taken from him. What a goon.

[anilomd]

Just get a sugar momma and many problems seem to disolve...trust me.

[YiDog21]

they say trading is 80% mental... guess he forgot the basics

[maxreturn52]

Good lord who was this guy to think he should even trade in the first place? Talk about emotionally unstable! Notice how he blames the market for his failure to discipline himself and have a plan in place to protect his capital. He was an accident waiting to happen.

[321qaw]

Every new trader in futures should watch this and be aware to start trading on a simulator until consistently profitable.

This is exactly, I mean exactly, what it feels like to be on the wrong end of things, he could not have captured the emotions better. A lot of us traders have been in this situation. Some come back to do it again some learn and some never do.

So beware, start on sim, get a good education and never put all your money in a futures account. Start small.

[mlawren7]

@321qaw I could not agree more: the candidness of this failed trader to the camera speaks volumes. Happily, I recognize his sentiments from trading demo accounts, never from my real money. A few things are obvious without knowing any details: a) he placed WAY too big a trade for his account b) he cannot afford to lose the money (or he would have closed the trade already) and c) he is totally convinced that he has made a huge mistake, and now he blames the market = Worst Possible Scenario. :)FX

[mlawren7]

@321qaw Every new trader in ANYTHING should watch this video, especially if using leverage.

[infiltr80r]

@321qaw Nothing prepares you for a black swan, the last one before 2008 was in 2000 - many of the faces trading now were not trading back then. The simplest way to prepare is to make enough profit during the "normal market" so the black swan doesn't kill you. I've experienced similar stuff to this guy, the only good thing that comes out of it is that you will remember it for the rest of your life and be much more careful during the next crash.

[Nellnyc10032]

@321qaw I hope you held today for the bounce and sold the end of the day. well greed is bad wednesday will be a blood bath. They sucked in the suckers on tuesday.

[mwccr]

Am I right in thinking that the number in the red box which is around -24,000 / -25,000 throughout the video, is how much the value of his investment has dropped?

[mlawren7]

@mwccr quite possibly, I trade fx and cannot even read this chart myself (!) but the fact that he refers to it as his "life savings" at one point is an indicator that whatever the dollar amount, it was a big one for him!

[telecom79]

@mwccr I heard that he lost in the neighborhood of $40,000.

[anilomd]

The guy in the video posted this video on his channel in shortly after the January 2007 stock crash, but took it down later.

I'm glad someone found it and posted it again.

[busajasweyoo]

hey nice demo acct......

[busajasweyoo]

fakeeee

[JP5466]

@busajasweyoo No, it's not fake bro. This happened the Sunday night before MLK day in Jan 2007. This video was all over youtube then, but most of the vids (10 minutes in length) were taken down. Glad someone saved this because every naive, up and coming trader needs to see this.

[JP5466]

Listen to the whimper he makes at 3:57 -lol That really says it all.

[JP5466]

"High ProbabiIity Trading"... yeah high probability that he will lose all his money - LOL!

I remember this day very clearly, it happened on Sunday night. The FED had an emergency interest rate cut the next day and the market came soaring back. If this idiot had just held on, it would've made all his money back and then some.

Hopefully he learned a valuable lesson.

[Ortmoon]

@JP5466 Hold on to a losing trade and wait for it to come back? That's so retarded, not professional at all. You must be suffering from downs syndrome if you do something like that. Gah fuck! How can you even speak like this? Cut your losses fast without emotion is the shit, no doubt.

[JP5466]

@Ortmoon On a huge loss like he had?... yes. He was overemotional and he was in a manic state. On large futures gap downs, the market typically comes back and gives you a chance to get out on a bounce and cut losses. He should have shut the computer off and went for a walk.

What was unprofessional was to take such a large position (his entire life savings) and hold it over the weekend.

[uzernam3]

@JP5466

I think that if he sold it and took the $25,000 loss then the market rallies back to not only his entry but surge way above it, now thats heart wrenching lol!

[JP5466]

@uzernam3 Yup, but that's what happens when you are an emotional trader, you have waaaay too much money on 1 trade and you use too much margin.

[uzernam3]

@JP5466

Oh i agree 100%. Ive been there when i started my trading career. Once you get your first ass handed to you, you just want to curl up like a little girl after youve lost thousands LOL!

[projectile123]

"how the fuck is that even possible" exactly my words when it happened to me!

[mugenJP]

4:55 - Takes no responsibility for his bullshit - talking to the market? fucking unrealistic...

Took your money? you fukn gave it to em with interest

[mugenJP]

Trading Fail, Gambling Win. Lesson? dont risk more than 1 - 2 % or your trading account. You can't predict the future and nothing is certain - especially in the markets.

Lol 2.13 - 'How is that possible?' Why would you risk more on a single trade that could have the potential to kill your trading account and not be able to trade agen.... TOTALLY FUCKED Heh

[word2urmuva]

This is bullshit, he's using the Interactive Brokers Trader Workstation, only he's not showing the bar above which could potentially say 'simulated trading'. Why would someone video themselves and put the image of themselves over the streaming data which he is supposed to be 'trading' from?

[cantroos]

@word2urmuva I think this guy runs a website called 'high probability trading' where he keeps a sort of video blog about his trading. I don't know if he still does it. If it's all made up he's a pretty good actor lol.

[Paulrallye]

Every possible mistake that can be made he has done it. We all read abt it we all know abt it and its easy to do. Have that 1 sure gamble with everything. Every day is a school day and today i have learnt something thnx you lion man for this vid. "the idiot learns from his own mistakes the wise learn from others". and i can see why you put this on here.

[M1Mover]

As an asset manager in Los Angeles,CA., I recommend everybody to play with only a small percentage of their wealth playing with online trading. By the way, this guy is in his boxer shorts! He should have gone to Vegas and got a free drink while he lost his money-

[mockingarab]

and why would he bet his life savings and hold overnight? leave that for big investor who not only can handle that day's loss but they can day trade it and make it all back, if they were not hedged with short positions already.

[mockingarab]

LOLOLOL! ROFLCOPTER! You will find more money get back in the market and lose it again. Never hold overnight! and have your stop losses ready.. every time!

[ILuvTrading]

@mockingarab

I agree, have those stops in place. This video brings back alot of memories for myself. Life lessoned learned... but it took several time.. haha.

[Ortmoon]

One question, did this guy use a thing called Stop loss ?

[JP5466]

@Ortmoon Would not have helped because he held overnight and the futures gapped down on him.

[cooldudeny4209211]

i have been ROTFL.....LMAO.....too good