Comments on: I want my story to go like this http://www.debtkid.com/i-want-my-story-to-go-like-this Get Out of Debt @ DebtKid.com Tue, 16 Mar 2010 21:25:25 -0700 http://wordpress.org/?v=2.9.2 hourly 1 By: debt kid http://www.debtkid.com/i-want-my-story-to-go-like-this/comment-page-1#comment-8437 debt kid Thu, 03 Apr 2008 18:54:49 +0000 http://www.debtkid.com/i-want-my-story-to-go-like-this#comment-8437 @ stan - I started with scalping bid/ask prices on low traded stocks. That was profitable but not enough....so I moved to strait day trading stocks. Then to forex (currency trading) then dabbled in options trading, then back to forex for the big losses. Never penny stocks... I used technical analysis to find entries....which worked well. Like I've mentioned though....I never had good exit strategies. @ stan – I started with scalping bid/ask prices on low traded stocks. That was profitable but not enough….so I moved to strait day trading stocks. Then to forex (currency trading) then dabbled in options trading, then back to forex for the big losses. Never penny stocks…

I used technical analysis to find entries….which worked well. Like I’ve mentioned though….I never had good exit strategies.

]]> By: stan http://www.debtkid.com/i-want-my-story-to-go-like-this/comment-page-1#comment-8434 stan Thu, 03 Apr 2008 16:25:16 +0000 http://www.debtkid.com/i-want-my-story-to-go-like-this#comment-8434 DebtKid, so u did well initially in the market and then im guessing like most people became overconfident and placed even higher bets and then lost the bet. this is what i think happened. if u dont mind sharing, did u trade on Penny stocks or currencies or just regular stocks.. where did you get the information on what stock to BUY/SELL. im just curious because i have started investing recently and lost some money but also gained some. DebtKid, so u did well initially in the market and then im guessing like most people became overconfident and placed even higher bets and then lost the bet. this is what i think happened.

if u dont mind sharing, did u trade on Penny stocks or currencies or just regular stocks.. where did you get the information on what stock to BUY/SELL.

im just curious because i have started investing recently and lost some money but also gained some.

]]> By: Bellevue http://www.debtkid.com/i-want-my-story-to-go-like-this/comment-page-1#comment-8412 Bellevue Wed, 02 Apr 2008 20:14:07 +0000 http://www.debtkid.com/i-want-my-story-to-go-like-this#comment-8412 "It would go like this: I’d get a loan (30K for example), and I’d trade that into 60K. Wohoo, I’m on top of the world. Then I’d lose it all. Then I’d repeat the same process…each time thinking I would actually cash out when I was up….but I never did. I never thought about stopping…only about getting my money back. Classic addiction (I know now…)." That is a classic example of a gambling addict...you're absolutely right. You and I do have something very much in common. “It would go like this: I’d get a loan (30K for example), and I’d trade that into 60K. Wohoo, I’m on top of the world. Then I’d lose it all. Then I’d repeat the same process…each time thinking I would actually cash out when I was up….but I never did. I never thought about stopping…only about getting my money back. Classic addiction (I know now…).”

That is a classic example of a gambling addict…you’re absolutely right. You and I do have something very much in common.

]]> By: debt kid http://www.debtkid.com/i-want-my-story-to-go-like-this/comment-page-1#comment-8411 debt kid Wed, 02 Apr 2008 20:02:49 +0000 http://www.debtkid.com/i-want-my-story-to-go-like-this#comment-8411 @ Stan - I was never trading with 250K at one time. It was over a period of about 3 years. It would go like this: I'd get a loan (30K for example), and I'd trade that into 60K. Wohoo, I'm on top of the world. Then I'd lose it all. Then I'd repeat the same process...each time thinking I would actually cash out when I was up....but I never did. I never thought about stopping...only about getting my money back. Classic addiction (I know now...). I did declare personal bankruptcy. The rest of my debt is either 1.) the 150K I lost of my mothers account 2.) under my business which I do not want to BK I do think it's possible for me to get back to zero. It's just going to take much longer than I had hoped when I first started this blog. @ Stan – I was never trading with 250K at one time. It was over a period of about 3 years. It would go like this: I’d get a loan (30K for example), and I’d trade that into 60K. Wohoo, I’m on top of the world. Then I’d lose it all. Then I’d repeat the same process…each time thinking I would actually cash out when I was up….but I never did. I never thought about stopping…only about getting my money back. Classic addiction (I know now…).

I did declare personal bankruptcy. The rest of my debt is either 1.) the 150K I lost of my mothers account 2.) under my business which I do not want to BK

I do think it’s possible for me to get back to zero. It’s just going to take much longer than I had hoped when I first started this blog.

]]> By: stan http://www.debtkid.com/i-want-my-story-to-go-like-this/comment-page-1#comment-8410 stan Wed, 02 Apr 2008 19:56:45 +0000 http://www.debtkid.com/i-want-my-story-to-go-like-this#comment-8410 what i am curious is how u managed to day trade that much money (250K is a lot) without realizing u needed to stop. anyway why even bother paying back that much money. i think its better to declare bankruptcy and just packup and not work and live of SS and parents income. unless u can make some big bucks real fast thru your business.. since u are young, it is possible to make up that amount... anyway good luck. what i am curious is how u managed to day trade that much money (250K is a lot) without realizing u needed to stop.

anyway why even bother paying back that much money. i think its better to declare bankruptcy and just packup and not work and live of SS and parents income. unless u can make some big bucks real fast thru your business..

since u are young, it is possible to make up that amount… anyway good luck.

]]> By: Bellevue http://www.debtkid.com/i-want-my-story-to-go-like-this/comment-page-1#comment-8382 Bellevue Mon, 31 Mar 2008 22:14:13 +0000 http://www.debtkid.com/i-want-my-story-to-go-like-this#comment-8382 You were not afraid of betting thousands of dollars in daytrade, but you're afraid of asking a girl out? Come on man, quit fooling yourself. You know you can do it. You were not afraid of betting thousands of dollars in daytrade, but you’re afraid of asking a girl out? Come on man, quit fooling yourself. You know you can do it.

]]> By: Cathy http://www.debtkid.com/i-want-my-story-to-go-like-this/comment-page-1#comment-8381 Cathy Mon, 31 Mar 2008 21:40:05 +0000 http://www.debtkid.com/i-want-my-story-to-go-like-this#comment-8381 You're a young guy, you should definitely be flirting with the ladies. :) In your writing, you are giving off the impression that you would like to have a meaningful relationship, but due to the difficulties in your life, you're having doubts about that. If that is coming across in your writing, you may be giving off that vibe in person without realizing it. Just look at going out with a pretty, interesting lady as having fun. I'd learn how to become a really good flirt. That way you can have fun, low pressure intimacy with another person without the anxiety that comes "where is this relationship going?". All women love a good flirt and flatter. :) Just be sincere, and don't go too far where anyone's feelings will get hurt. You’re a young guy, you should definitely be flirting with the ladies. :)

In your writing, you are giving off the impression that you would like to have a meaningful relationship, but due to the difficulties in your life, you’re having doubts about that. If that is coming across in your writing, you may be giving off that vibe in person without realizing it.

Just look at going out with a pretty, interesting lady as having fun. I’d learn how to become a really good flirt. That way you can have fun, low pressure intimacy with another person without the anxiety that comes “where is this relationship going?”. All women love a good flirt and flatter. :) Just be sincere, and don’t go too far where anyone’s feelings will get hurt.

]]> By: Dainty Dollar http://www.debtkid.com/i-want-my-story-to-go-like-this/comment-page-1#comment-8378 Dainty Dollar Mon, 31 Mar 2008 19:58:02 +0000 http://www.debtkid.com/i-want-my-story-to-go-like-this#comment-8378 Talk to her! Ask her out. Girls love to be persued. It's not important to talk about your financial situation. Have fun! Talk to her! Ask her out. Girls love to be persued. It’s not important to talk about your financial situation. Have fun!

]]> By: Karen http://www.debtkid.com/i-want-my-story-to-go-like-this/comment-page-1#comment-8377 Karen Mon, 31 Mar 2008 18:26:02 +0000 http://www.debtkid.com/i-want-my-story-to-go-like-this#comment-8377 Yes, you should try, Debt Kid. And you should try with the attitude that you're going to succeed! Yes, you should try, Debt Kid. And you should try with the attitude that you’re going to succeed!

]]> By: Wes Lewis http://www.debtkid.com/i-want-my-story-to-go-like-this/comment-page-1#comment-8374 Wes Lewis Mon, 31 Mar 2008 16:28:52 +0000 http://www.debtkid.com/i-want-my-story-to-go-like-this#comment-8374 In the last line, I meant for you to insert a location such as a bar in there, but the comments wouldn't allow the symbols I had used. Good luck In the last line, I meant for you to insert a location such as a bar in there, but the comments wouldn’t allow the symbols I had used.

Good luck

]]>