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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: superfiggpart2 who wrote (62927)	11/20/2000 12:27:18 AM
From: peter michaelson	Respond to of 122087

Carlos: I am sorry for your bad fortune. I almost lost it all on an AMZN short in late 1998. It shattered my confidence for several months. The credit for my trading comeback is due to Anthony. I have learned a lot from Anthony, but no lesson more important than not to risk all your capital. Always live to fight another day. Peter P.S. I for one did not know what "I Busted' meant, being without any context, and I doubt that Truthseeker did either. Best of luck and congratulations on passing Level 1 of Becoming a Successful Trader - Losing it All.

To: superfiggpart2 who wrote (62927)	11/20/2000 12:34:59 AM
From: Anthony@Pacific	Respond to of 122087

Nobody is beigger than the market,,even if its a rigged and corrupt market like the ones that the cigar chomping losers on wallStreet have rigged to abscond with the publics money.. Being on the opposite end of their buy recs and their whooping and hollering is a good start.. Realize that they are only interested in selling you as much paper as is humanly possible within the shortest period of time humanly possible at the highest possible prices.. That is what they do and our job is to call them on it each and every time...in the mean time we get really clean feet by doing so..

To: superfiggpart2 who wrote (62927)	11/20/2000 12:53:38 AM
From: StockDung	Respond to of 122087

I had no idea and it was not posted to you because I was only posting it to the thread. I am sorry to hear about your misfortune. Fact is I only updated it for my good friends over at the HRCT thread and then posted it here. Subject 19511

To: superfiggpart2 who wrote (62927)	11/20/2000 1:12:34 AM
From: TripleT	Read Replies (1) \| Respond to of 122087

Off Topic Carlos, I can sure sympathize with you. I've gone technically bankrupt twice in the last 3 years. The first was with options and on paper they were worth nothing, but miracles of miracles, the stocks went up just enough that I could continue trading. (Too much Wade Cook) I did lose over 75% of my capital tho. Later, I placed too much faith in Mr. Pinks predictions and went into the hole on PVN. Pardon, I think it was PVN, but I'm still so emotional that I can't think straight about that time period. I DID NOT ALLOCATE PROPERLY, nor set stops, and the stock ran. I kept saying to myself that the stock will come back down but it kept climbing and then it split. A complete unmitigated disaster caused by my own ineptitude. Period. I've since recovered most of my capital, using plastic for trading money. I foolishly used the credit cards to meet my margin calls on pvn. When finally convinced to cash out from pvn, I owed more than I had in the account. I felt that I had no choice but to continue trading since I was bankrupt, so I did. More dumb stunts followed, however after about 10 months I subscribed to A @ P pruvate site. This past year, I had to take money out of the trading account, so its hard to figure my return, but its about 300% profit for the past year This is after more dumb stunts, will I ever learn? :o) But I guess the answer to that is that even I can learn and I'm convinced that I'll eventually be a good trader. The private site is great for learning about the stock market, generally, and a source of many good recommendations. So, continue learning and investing. Please don't stop posting since I've certainly enjoyed your posts. TTT The rest of you guys forgive the rambling. TTT

To: superfiggpart2 who wrote (62927)	11/20/2000 1:13:02 AM
From: truthcommission	Respond to of 122087

Pretty much every successful trader that I know of lost most or all of their money at one time or another in their lives (sometimes more than once.) It's part of the learning process, these are mistakes that you will never make again. I lost a big chunk (90%) of my equity when I first started out trading, I just look at it now as my tuition. You'll be back, bigger and badder than ever. Health and family are the most important things. Money is a nice added bonus, and it'll be back....

To: superfiggpart2 who wrote (62927)	11/20/2000 1:20:12 AM
From: truthcommission	Respond to of 122087

One more thing, next time around, lighten up on the options trades. They should only be a very small portion of your overall trades, at least that is what I believe. Too many traders have been wiped off the map playing 100% options. In the meantime, paper-trade, research like crazy and continue to follow the markets. Too many people give up at this point, when they have suffered heavy losses. Keep at it, and one day you will look back on all of this and smile, as I did myself. To be honest, I can't think of one successful trader that I know personally who didn't take a huge loss at one time in their lives. Nobody goes straight up.