Thats a painful suggestion to take. In my experience traders who lose money do not want to hear that advice until that is the only choice left. I'll give some different advice if he doesn't want to get a job. Take some of that money, maybe a few thousand, and actually take some classes on how to trade. And when I say take classes on how to trade, I don't mean give money to those guys that give you "picks". Find one of those day trading schools where the teachers will critique your trades. I mean, if you keep going the way you're going, you'll lose the full $20k anyway, so it doesn't hurt to actually try to get some help.
stop commenting on trading; you're a terrible trader; your futures trades are all losers the only reason you're not totally broke is because you sell bullshit to suckers
LOL, you are such a troll! RichTrader98 is part of the new class of "time waster" trolls. Let me guess your next questions RichTrader98, "What is a good computer to go online with?". "Is America Online a good ISP for trading?". "Should I use a Limit Order or Market Order?" LMAO! Comedy Gold!
As you can see Rich, this guy still thinks there was a recession in 2016. No wonder he is ticked off. LoL!
This is where your fell down, and what inexperience (and part ignorance) serves up. Sure, bigger positions = bigger profits. 2A+2B = 2C (-2D) But it goes the other way on every trade. Bigger positions = bigger losses. I am telling you... For the love of all things Holy, if you are intent on continuing your futures trading with real money, then from here on out do it in the micro markets until you build up a trading plan/strategy/technique that suits you. I highly recommend MGC for micros.
Hmmm...seems like you're looking for advice that can keep you trading and remotely possibility of you making back that money. Go to college, get a part-time job and start paying back the money assuming it was only a loan and not a gift of 50k. That is a positive comment (nothing negative) and it allows you to mature about money. Does your old man trade or work in the financial markets ? Did he know what you were going to do with the 50k ?