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For the contra players....
Speedy
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03-Oct-2013 16:09     
 
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 Alert Admin 		Did Bro sofarsogood said he is still on contra for albedo? Maybe we should join hands to push it up.
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ballball
Master
03-Oct-2013 16:03     
 
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 Alert Admin 		Bro sofarsogood, don't give up!! Your baby is innocent! You must be brave to face whatever problem you have. Also, your wife might feel depressed easily after giving birth. Talk to her more. Assure her that life will be better ahead. We are all your friends!! Best wishes!!
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hyekyo88
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03-Oct-2013 15:52     
 
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 Alert Admin 		Good!  FIGHTING!!!  :D ALL THE BEST BRO!

Sofarsogood?      ( Date: 03-Oct-2013 14:16) Posted:

All bros and sis, thank you all your wishes, encouragement. I really appreciate and didn't expect to receive so many responses. My tears dropped after reading all these encouraging and " never give up" notes. I am now at the bottom of my life. I will stand up and get on with life. I really hope what is happening on me now will prevent or give a second thoughts to all the contra players. Hope this little short note that summarised my situation now will really help.

Bro librajet, I have my last few contra position open and is too late to cut loss now. I will STOP CONTRA and close all my trading accounts after this. This is what I have committed to my family and myself. 

Take care all. I will read and read all the encouraging notes here to give myself strengths to move on with life.

Thank you everyone.
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h0ly0wl
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03-Oct-2013 15:46     
 
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 Alert Admin 		There's a fine line between investing and gambling. Always reflect on your mistakes after every failed trade. No one is bigger than mr market.
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ZQloveXQ
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03-Oct-2013 15:36     
 
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Bro, thanks for sharing....
All the best to you...

Going to bookmark this to remind myself...


Sofarsogood?      ( Date: 03-Oct-2013 11:04) Posted:

Dear Readers,

I am writing this post to share with all the contra players on what has happened to me as a frequent contra player. 

I am in my early thirties and started to play contra 2 years back. When I just started, my contra limit that I played was approximate SGD30k to SGD300k as of today. My accumulated losses (losses net of profits) arising from contra when I just started were also growth from SGD20k to current more than SGD200k. I can make SGD30k a day and lose SGD50k a day. I am now in deep debt and owing bank, family and friend of more than SGD200k. As of today, i still have huge open contra position on AP Strat and Albedo. 

I am writing this to share with all the contra players (especially newbies) that if you are intending to start or in the beginning stage of playing contras, please think twice and reconsider. You can make fast $$ and also lose a lot too. I am basically broke now (yes - I am unofficially broke) and   I have decided to stop playing contra. My family, career are all badly affected. My wife is suggesting for a divorcement with me and I may be losing my 10 months old baby too. I am into depression, really regret and remorseful of my actions. 

I hope this short note will help, hopefully, the newbies or contra players not falling into my situation. I have nothing against investment in stocks (buy and hold for capital gain) but importantly to invest within your means. I am making this post as I think this by sharing my situation with the contra players is the little thing that I may be able to do for the society.

Take care & God bless.
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iluvboost
Master
03-Oct-2013 15:04     
 
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Like someone say trading is like gambling, Gambling is a addiction..imho say if u play without a plan/strategy, (using praying, hoping guessing) its like jackpot & roulette  . if play like professional poker, or blackjack,   then at least got some strategies to pit against the house.

alot of pple fall into the contra trap.  

thk u, im fine ,my current stocks are not contra, more ulu and near 52wk lows, and bot during support levels..

librajet      ( Date: 03-Oct-2013 14:59) Posted:

sorry bro, think u got me wrong, Im not walking out bcos of lost, but just feel tired of it oredi. Many a time we are just guessing, hoping, praying.... charts show all trades behaviour??? news are real and true??? Its too addictive and stressful, hope u make in the mkt, best wishes.

iluvboost      ( Date: 03-Oct-2013 14:54) Posted:



Perhaps u play way too big already using contra. ie your mirach 500 lots...


Play small, refine techniques...dont chase.

the contra blood will dry up by next midwk. 

Take care .
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librajet
Elite
03-Oct-2013 14:59     
 
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 Alert Admin 		sorry bro, think u got me wrong, Im not walking out bcos of lost, but just feel tired of it oredi. Many a time we are just guessing, hoping, praying.... charts show all trades behaviour??? news are real and true??? Its too addictive and stressful, hope u make in the mkt, best wishes.

iluvboost      ( Date: 03-Oct-2013 14:54) Posted:



Perhaps u play way too big already using contra. ie your mirach 500 lots...


Play small, refine techniques...dont chase.

the contra blood will dry up by next midwk. 

Take care ..

librajet      ( Date: 03-Oct-2013 14:44) Posted:

Bro, I really need to thank you for this msg. Strongly believe you have save some from yr experience. Nvr give up, problems get lighter each day when ur solving it, the destination is always there. Rem yr promises and commitment, I will join you
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iluvboost
Master
03-Oct-2013 14:54     
 
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Perhaps u play way too big already using contra. ie your mirach 500 lots...


Play small, refine techniques...dont chase.

the contra blood will dry up by next midwk. 

Take care ..

librajet      ( Date: 03-Oct-2013 14:44) Posted:

Bro, I really need to thank you for this msg. Strongly believe you have save some from yr experience. Nvr give up, problems get lighter each day when ur solving it, the destination is always there. Rem yr promises and commitment, I will join you.

Sofarsogood?      ( Date: 03-Oct-2013 14:16) Posted:

All bros and sis, thank you all your wishes, encouragement. I really appreciate and didn't expect to receive so many responses. My tears dropped after reading all these encouraging and " never give up" notes. I am now at the bottom of my life. I will stand up and get on with life. I really hope what is happening on me now will prevent or give a second thoughts to all the contra players. Hope this little short note that summarised my situation now will really help.

Bro librajet, I have my last few contra position open and is too late to cut loss now. I will STOP CONTRA and close all my trading accounts after this. This is what I have committed to my family and myself. 

Take care all. I will read and read all the encouraging notes here to give myself strengths to move on with life.

Thank you everyone.
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solidbuy
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03-Oct-2013 14:49     
 
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 Alert Admin 		Take good care, most important thing is to thing is to get your family back now....Nothing is impossible.... My uncle was once in your plight, he fought and won back his family. You can do it too!

Sofarsogood?      ( Date: 03-Oct-2013 14:16) Posted:

All bros and sis, thank you all your wishes, encouragement. I really appreciate and didn't expect to receive so many responses. My tears dropped after reading all these encouraging and " never give up" notes. I am now at the bottom of my life. I will stand up and get on with life. I really hope what is happening on me now will prevent or give a second thoughts to all the contra players. Hope this little short note that summarised my situation now will really help.

Bro librajet, I have my last few contra position open and is too late to cut loss now. I will STOP CONTRA and close all my trading accounts after this. This is what I have committed to my family and myself. 

Take care all. I will read and read all the encouraging notes here to give myself strengths to move on with life.

Thank you everyone.
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librajet
Elite
03-Oct-2013 14:44     
 
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 Alert Admin 		Bro, I really need to thank you for this msg. Strongly believe you have save some from yr experience. Nvr give up, problems get lighter each day when ur solving it, the destination is always there. Rem yr promises and commitment, I will join you.

Sofarsogood?      ( Date: 03-Oct-2013 14:16) Posted:

All bros and sis, thank you all your wishes, encouragement. I really appreciate and didn't expect to receive so many responses. My tears dropped after reading all these encouraging and " never give up" notes. I am now at the bottom of my life. I will stand up and get on with life. I really hope what is happening on me now will prevent or give a second thoughts to all the contra players. Hope this little short note that summarised my situation now will really help.

Bro librajet, I have my last few contra position open and is too late to cut loss now. I will STOP CONTRA and close all my trading accounts after this. This is what I have committed to my family and myself. 

Take care all. I will read and read all the encouraging notes here to give myself strengths to move on with life.

Thank you everyone.
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Sofarsogood?
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03-Oct-2013 14:16     
 
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All bros and sis, thank you all your wishes, encouragement. I really appreciate and didn't expect to receive so many responses. My tears dropped after reading all these encouraging and " never give up" notes. I am now at the bottom of my life. I will stand up and get on with life. I really hope what is happening on me now will prevent or give a second thoughts to all the contra players. Hope this little short note that summarised my situation now will really help.

Bro librajet, I have my last few contra position open and is too late to cut loss now. I will STOP CONTRA and close all my trading accounts after this. This is what I have committed to my family and myself. 

Take care all. I will read and read all the encouraging notes here to give myself strengths to move on with life.

Thank you everyone.
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magikonglye
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03-Oct-2013 13:56     
 
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thanks sofarsogood,

after looking through what you've penned down, ive been reflecting a lot on my trading habits. I would really think twice before putting my money down.

hope all is good for you on your side. cheers.
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hyekyo88
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03-Oct-2013 13:53     
 
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hi sofarsogood,

sorry to read about your plight.  but don give up.  CUT loss if you can. repay your debt and make up with your loved ones.

$$ is important but it is not the MOST important in our life.  With a strong faith, supports from loved ones, you be able to walk out of this nightmare soon.

JIA YOU! FIGHTING!! 
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solidbuy
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03-Oct-2013 13:50     
 
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To add to my post, I'm also married and has a kid. When I play, I always think of them to restrict my bet. Until now, I have not lose any 1 month salary. Maybe 1-2k paper loss. Thinking of pulling out after reading your sad post....

SofarSogood, hope to see you can get support from your wife and family to see you through the mess. Wish you good luck.

JarolLo      ( Date: 03-Oct-2013 13:38) Posted:



We are fighting against the BB, the insiders, shortist  and the trading house. Who are we? We're just small ants.  The moment key in, we're  losing the split and brokage. The price has to move up to cover the split, and followed by the brokage, then we start breakeven. During which still have to face the heavy storm from the BBs, insiders, shortist  and trading house. Very tough. I also scale down a lot.

Bro Sofarsogood, I can understand how you feel because I'm one of the many losers also. Life still have to continue, please remember. Talk to your wife tell her you need her, and tell her that it will be very bad for the baby without a complete family. How will he or she face the reality when grown up. There is also a government consultation agency for anti gambling one. Try to contact them and ask for help.

Tell you the truth, I'm thinking of approaching them also. You're not alone. 

solidbuy      ( Date: 03-Oct-2013 11:46) Posted:



oh sorry to hear that. if play contra, play small small can liao. sometime win kopi money sometime lose lunch money can liao. if want to play big, you need to be able to hold long....BBs are out to take money from small players. whether up or down, they can play you out and swallow you.

Hope everyone restrain himself/herself.

For me I can lose on paper but I can long for years until profit....and I play within my means(the most lose 1 month salary). :
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librajet
Elite
03-Oct-2013 13:49     
 
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 Alert Admin 		Bro, after reading yr past postings, bro UR STILL TRADING!!!!! pls stop ok?? 

librajet      ( Date: 03-Oct-2013 12:41) Posted:



Bro, I have been reading yr msg so many times, what I dont understand is.....with all the debts, why are you still having open contra position on AP Strat and Albedo?? Bro, just stop, it wont help you at all.

Each time I read, it only remind me of my past, think I have decided too, lets hold hands and walk out totally. Im not in yr position but LETS DO IT, ok??? 

Sofarsogood?      ( Date: 03-Oct-2013 11:04) Posted:

Dear Readers,

I am writing this post to share with all the contra players on what has happened to me as a frequent contra player. 

I am in my early thirties and started to play contra 2 years back. When I just started, my contra limit that I played was approximate SGD30k to SGD300k as of today. My accumulated losses (losses net of profits) arising from contra when I just started were also growth from SGD20k to current more than SGD200k. I can make SGD30k a day and lose SGD50k a day. I am now in deep debt and owing bank, family and friend of more than SGD200k. As of today, i still have huge open contra position on AP Strat and Albedo. 

I am writing this to share with all the contra players (especially newbies) that if you are intending to start or in the beginning stage of playing contras, please think twice and reconsider. You can make fast $$ and also lose a lot too. I am basically broke now (yes - I am unofficially broke) and   I have decided to stop playing contra. My family, career are all badly affected. My wife is suggesting for a divorcement with me and I may be losing my 10 months old baby too. I am into depression, really regret and remorseful of my actions. 

I hope this short note will help, hopefully, the newbies or contra players not falling into my situation. I have nothing against investment in stocks (buy and hold for capital gain) but importantly to invest within your means. I am making this post as I think this by sharing my situation with the contra players is the little thing that I may be able to do for the society.

Take care & God bless.
 Useful To Me  Not Useful To Me
Peter_Pan
Supreme
03-Oct-2013 13:45     
 
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 Alert Admin 		playing contra is like playing with fire if you dont have the money to pick up the shares, the brokerage houses can keep the price depressed until your due date is up.
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JarolLo
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03-Oct-2013 13:38     
 
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We are fighting against the BB, the insiders, shortist  and the trading house. Who are we? We're just small ants.  The moment key in, we're  losing the split and brokage. The price has to move up to cover the split, and followed by the brokage, then we start breakeven. During which still have to face the heavy storm from the BBs, insiders, shortist  and trading house. Very tough. I also scale down a lot.

Bro Sofarsogood, I can understand how you feel because I'm one of the many losers also. Life still have to continue, please remember. Talk to your wife tell her you need her, and tell her that it will be very bad for the baby without a complete family. How will he or she face the reality when grown up. There is also a government consultation agency for anti gambling one. Try to contact them and ask for help.

Tell you the truth, I'm thinking of approaching them also. You're not alone. 

solidbuy      ( Date: 03-Oct-2013 11:46) Posted:



oh sorry to hear that. if play contra, play small small can liao. sometime win kopi money sometime lose lunch money can liao. if want to play big, you need to be able to hold long....BBs are out to take money from small players. whether up or down, they can play you out and swallow you.

Hope everyone restrain himself/herself.

For me I can lose on paper but I can long for years until profit....and I play within my means(the most lose 1 month salary). :)

Sofarsogood?      ( Date: 03-Oct-2013 11:04) Posted:

Dear Readers,

I am writing this post to share with all the contra players on what has happened to me as a frequent contra player. 

I am in my early thirties and started to play contra 2 years back. When I just started, my contra limit that I played was approximate SGD30k to SGD300k as of today. My accumulated losses (losses net of profits) arising from contra when I just started were also growth from SGD20k to current more than SGD200k. I can make SGD30k a day and lose SGD50k a day. I am now in deep debt and owing bank, family and friend of more than SGD200k. As of today, i still have huge open contra position on AP Strat and Albedo. 

I am writing this to share with all the contra players (especially newbies) that if you are intending to start or in the beginning stage of playing contras, please think twice and reconsider. You can make fast $$ and also lose a lot too. I am basically broke now (yes - I am unofficially broke) and   I have decided to stop playing contra. My family, career are all badly affected. My wife is suggesting for a divorcement with me and I may be losing my 10 months old baby too. I am into depression, really regret and remorseful of my actions. 

I hope this short note will help, hopefully, the newbies or contra players not falling into my situation. I have nothing against investment in stocks (buy and hold for capital gain) but importantly to invest within your means. I am making this post as I think this by sharing my situation with the contra players is the little thing that I may be able to do for the society.

Take care & God bless.
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camukaba
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03-Oct-2013 13:32     
 
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Bro Sofarsogood,

I'm really sorry to hear your plight, and I really hope that things would get better for you. It's gonna be hard and it will take time to repay your debts, but please do not give up. 

Thanks so much for your note. I've only started trading in July, and my husband and I could only do short-term investing because we are expecting our BTO to be ready in a few months, so we need our cash for reno and furniture purchase. This month, I dabbled into contra as part of my 'learning process'. It did not go well, and we lost close to 2k (just nice wipe out all my profits for the past two months). My losses are nothing as compared to yours, but it's really true that contra is not the way to go. We have since signed up for a CFD account, but I know that is not the way to go too. Once we cleared our renovation and buying furniture, I will be devoting my cash into value investing and nothing else. 

I think that it is important for one not to rush into a trade just because the price is rising rapidly, without looking at charts or seeking confirmation of a uptrend. It's really hard to resist the temptation, and I've made a few mistakes myself. It's hard not to repeat the mistakes, but I'm trying hard now.  

Once again, I really hope that things would work out for you.  

Sofarsogood?      ( Date: 03-Oct-2013 11:04) Posted:

Dear Readers,

I am writing this post to share with all the contra players on what has happened to me as a frequent contra player. 

I am in my early thirties and started to play contra 2 years back. When I just started, my contra limit that I played was approximate SGD30k to SGD300k as of today. My accumulated losses (losses net of profits) arising from contra when I just started were also growth from SGD20k to current more than SGD200k. I can make SGD30k a day and lose SGD50k a day. I am now in deep debt and owing bank, family and friend of more than SGD200k. As of today, i still have huge open contra position on AP Strat and Albedo. 

I am writing this to share with all the contra players (especially newbies) that if you are intending to start or in the beginning stage of playing contras, please think twice and reconsider. You can make fast $$ and also lose a lot too. I am basically broke now (yes - I am unofficially broke) and   I have decided to stop playing contra. My family, career are all badly affected. My wife is suggesting for a divorcement with me and I may be losing my 10 months old baby too. I am into depression, really regret and remorseful of my actions. 

I hope this short note will help, hopefully, the newbies or contra players not falling into my situation. I have nothing against investment in stocks (buy and hold for capital gain) but importantly to invest within your means. I am making this post as I think this by sharing my situation with the contra players is the little thing that I may be able to do for the society.

Take care & God bless.
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blurtrader
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03-Oct-2013 13:16     
 
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take care please....

me as well, blinded by short term gains when i first started trading

from a few grands of gains till 10 over grands of loss..... maybe small amount as compared to the rest of the traders here, but i dont actually earn much from my routine job uh...

the more you lose, the more you contra on to retrieve back these losses... i believe most of here agree with me


luckily back then, my girlfriend is supportive of me and i managed to walk out from contra and start enjoying life around me... right now, im a long term investor, parking part of my savings in a stock which i believed... fyi, tis woman shall soon be my wife...

my advice? walk out from it, you will see a path..... you are at the bottom and the path can only be better, you are still young.. in no time, you will be able to repay those debts =) your ex wife doesnt leave you cause she doesnt love you, you just got to let your actions do the talking.. hope you understand what i meant


Sofarsogood?      ( Date: 03-Oct-2013 11:04) Posted:

Dear Readers,

I am writing this post to share with all the contra players on what has happened to me as a frequent contra player. 

I am in my early thirties and started to play contra 2 years back. When I just started, my contra limit that I played was approximate SGD30k to SGD300k as of today. My accumulated losses (losses net of profits) arising from contra when I just started were also growth from SGD20k to current more than SGD200k. I can make SGD30k a day and lose SGD50k a day. I am now in deep debt and owing bank, family and friend of more than SGD200k. As of today, i still have huge open contra position on AP Strat and Albedo. 

I am writing this to share with all the contra players (especially newbies) that if you are intending to start or in the beginning stage of playing contras, please think twice and reconsider. You can make fast $$ and also lose a lot too. I am basically broke now (yes - I am unofficially broke) and   I have decided to stop playing contra. My family, career are all badly affected. My wife is suggesting for a divorcement with me and I may be losing my 10 months old baby too. I am into depression, really regret and remorseful of my actions. 

I hope this short note will help, hopefully, the newbies or contra players not falling into my situation. I have nothing against investment in stocks (buy and hold for capital gain) but importantly to invest within your means. I am making this post as I think this by sharing my situation with the contra players is the little thing that I may be able to do for the society.

Take care & God bless.
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randyneo
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03-Oct-2013 13:06     
 
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Bro Sofarsogood,

I am sorry to hear about your plight. I guess a lot of times greed get the better of all of us, especially when we are winning, we want to win more, when we lose, we tend to fight back with the stock either by averaging down or holding it instead of cutting losses.

I guess at this junction, you are psychologically weak to carry on trading...if we have too much on our mind, it is hard to make clear decision.

Maybe it's time to take a break for a while, cut your losses, find a job to pay back the debts and seek reconciliation with your loved ones.

Also, in future,  when you are  ready to trade again, can attend courses, seek a good mentor who can guide you, read up books on trading (esp psychology), and I am sure you can be a better trader.

Lastly, don't do anything stupid. This is not the end, life is too precious to be wasted. A lot of times, we see our problems bigger than they are.

Take it a good lesson learnt and seek the Creator for strength, courage and His guidance. I am sure you and your family can overcome this together.

God bless!

 
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