Gamblers Addiction?

[james_gsx 16]

I didn't know where to put this, so if any of the mods want to move it wherever it's more appropriate that's fine.

 

http://boltar1.blogspot.com/

 

This guy used to visit a forum (you don't want to know and I'm embarrassed to share so don't ask) I go to and decided to post his blog for all to see. He started with $72,000 and a $170,000 loan (which I'm pretty sure was for or against his house however that works). His goal is to make $1 million before he's 36, he's 32 now.

 

This is just a display of what happens when you don't have a plan and you trade from emotion. So for all the new members we have recently attracted, please learn a valuable lesson from this guy who is clearly on his way to blowing everything. I felt bad for him at first, but after he ignored everyones advice I am just counting the days before it blows up. Like my friend said, at the end of the day it's a dog eat dog world and someone has to lose for us to make money in this business.

[brownsfan019 17]

Interesting post James. W/o reading through it, if he is using a home equity loan for his trading account, not only is his trading account done, his home is at risk as well. That's about as piss poor money management as I've ever seen.

 

:thumbs down:

 

Good example of WHAT NOT TO DO.

[rock 10]

I'm not sure if this guy is even for real. I have a self-loathing blog that I won't even post here for you guys to laugh at.

Edited January 23, 2008 by rock

[james_gsx 16]

I have a few friends who have talked to him. He's just a typical ass that doesn't want to take anyones advice because he thinks he knows what he's doing.

[torero 10]

Wow, betting his entire house to trade the markets? He's breaking every rule in trading if he ever cared to read one. Worst, his ignorance is making him invulnerable. But then again, each man has to cut his own path to self-realization and all we can do is watch and learn.