I’ve been dredging through old threads and a theme that I keep hearing pop up both now and then is new traders crying in their soup about how they starting doing crazy things like bet 20%, 30%, or even 50% on a single trade.
What the heck is that? I can’t even imaging doing something like that. In fact, I would never have even come up with an IDEA to do something like that. The fact that anyone does is completely foreign to my thinking. I’m probably as likely to do something like that as gouge my own eye out.
What leads people to do stuff like that when it makes absolutely no sense?
Yeah, i’ve suscribed to a system just for fun, the system known as BBREW and supposelly it can double the account in one day. I can tell you search “Steven Story” in Youtube, this Mr is a fruad.
What leads people to do that is exactly what you said, they are “new traders”. It takes time to learn. Just in the same way we all wanted to pass our driving test and jump in a car and do 100 mph, newbies are in a hurry to get to the “pot of gold”. I did it myself.
So try not to be too hard on people, some of us are mere mortals and were not blessed enough to have been born with such incredible self control.
A danger to a trader with a big Ego, when dealing in the forums, is they feel that they must Prove Something to everybody. This is why we consistently see threads popping up, saying 'Watch me make 500% in 2 months!"
500% is possible, but in my opinion, it is best to do it alone, meaning without proving it to an audience.
I LOVE the forums for learning from each other, and bouncing ideas off other traders, rather than play Macho Man
