Sorry to hear about your loss. I'm not sure if the loss was a material percentage of your account, but if so you should consider implementing much stricter risk controls and far lower sizing. It only takes one bad trade to end a career, and wipe out a whole lifetime of effort. Several years ago I stopped shorting individual equities entirely and almost never short index futures, only very rarely and tactically - it was costing me money on net, and aside from all the usual disadvantages of shorting, the payoff just isn't there with the Fed on the other side of the trade.
Ouch. Hope you have a day job or a working spouse and hope you recover financially eventually. I don't have a day job and my business is practically dried up so I am making preparations to rely solely on income from trading my personal savings from now on (gulp!)
Not sure what "all in" implies...hopefully it was just your trading capital and not something else you liquidated to add to your trading capital. Was this a swing position or position hold you wanted to keep for several months because I can't imagine a day trader doing such ? wrbtrader
Max take solace that 95% of traders lose money. I say this board is bad for a lot of newer traders as it seems 95% make money which is bs .You'd think everyone's killing it.
Did you by chance lose a shitload of money in 2008 by going LONG? And now you want to take revenge by going SHORT? Well, there's your problem. You're compulsive-obssessive. What do you mean by "an opportunity I wont see for a long long time"? There will be plenty of opportunities in the future. Market crashes happen nearly every 10 years with some steep corrections in between. But you know what? Markets tend to rise more than it falls. So just go with the flow. That's the ultimate recipe for success.