Need desperate help (Lost life savings)

Discussion in 'Psychology' started by Needdesperatehelp, Feb 16, 2021.

  1. destriero

    destriero


    YES. Listen to this f*cking fool. He hasn't made a dime in the mkts since they got rid of the ticker tape. There should be a Surgeon General warning next to his handle.
     
    #51     Feb 17, 2021
    wrbtrader likes this.
  2. #52     Feb 17, 2021
  3. sef88

    sef88

    Systemize your trading
     
    #53     Feb 17, 2021
  4. SunTrader

    SunTrader

    Seriously?

    That's like saying to a full-blown heroin junkie - just say no.
     
    #54     Feb 17, 2021
    wrbtrader likes this.
  5. ironchef

    ironchef

    Tell your family especially your future wife. If she forgives you, you know you have a keeper. If not you move on knowing moving on is the right choice.

    Most of all you need to treat your gambling mentality. Sounded like you won't quite trading until you lost everything, just like a gambler.
     
    Last edited: Feb 17, 2021
    #55     Feb 17, 2021
  6. How many times have you been Sim Trader of the year?
     
    #56     Feb 17, 2021
  7. Meaning...?
     
    #57     Feb 18, 2021

  8. you cant have good probability and a favorable risk reward. Thats called a perfect trade and it doesnt exist. Just shut up, you gonna hurt this dude more than help.
     
    #58     Feb 18, 2021
  9. Why are so many of the advice pinning everything down to emotions and psychology? Most likely the OP doesn't know what he's doing. First step is to stop and prove you DO know what you're doing before putting any more money in. Not to encourage him with inspirational anecdotal stories, cos guess what, that reeks of survivorship bias.. for every one remarkable story of how a star trader never gave up and made the turn, there's countless others who also never gave up but lost everything and more (you just don't hear/read about it).

    Now for the positive notes. You ARE still very young and can bounce back from this experience. Success IS possible but you must acquire the proper skills. In the event of failure - which is ALSO POSSIBLE - you must have the self-honesty to quit.

    The cold truth is that successful trading is beyond the reach of the VAST majority who try, just like in any performance field. Everyone is entitled to try, but they should know their quitting point before they do.
     
    #59     Feb 18, 2021
    Snuskpelle and Laissez Faire like this.
  10. themickey

    themickey

    Bit of nonsense in this post, too much for me to bother replying to, but this....'Most likely the OP doesn't know what he's doing.'
    Most likely??? Lmao. 100% likely. :)
     
    #60     Feb 18, 2021
    RolloTape III likes this.