Who are you? You never posted in this thread before, but seem to indicate you have? Did you change your nick, needesparatehelp? Wow. I thought you were homeless and out of money. At least you have enough brain cells left to know how to request a nick change, for whatever reason. Why don't you get back to us when you really ARE a poor person. How many more life savings are you going to blow? You've gone through two sets of life savings so far. You ready for set number 3?
Absolutley. I apologize to you, Mr. Fun. I missed your reply to Needdesparatehelp. I thought you were him, because something stinked in here. I got it wrong.
Hahaha, no problem. I always love your posts and I thought this was hilarious . Much more exciting than what I am doing right now, watching Lionheart on Prime, haha.
stop trading with real money. Trade in demo (but treat it as if you were doing the real thing) for a few months or years, until you figure things out, then and only then, you can go back, carefully, very carefully, to real money trading. You have all the time in the world to make it, if you are patient enough.
Do not be discouraged. This is part if the course. Be honest with your girl friend. If she does not understand, she is not the right girl for you. Clear your mind for a few days. Do not paper trade. Develop an edge.Start again with small size like 1 share.
He could try to pretend it's the real thing, but he'd know it's not real, therefore, the psychology wouldn't be same as trading with real money. I think he'd learn far more trading micro futures with a very low stakes account. If he never learns risk management and continues to blow out, (which will probably happen over and over whenever he makes enough money to increase his position sizes), the harm will be minimal.
I think you need to stop trading as you have to reset this gambling compulsive behaviour and maybe one day re-approach trading/investing with a different perspective. Before the damage gets bigger. Although young, if you don't bring in enough with a salary it might take a decade to save the lost funds. If you can earn enough to recover in one or two years, I see no major issue. I have no advice for personal issues as we all have different circumstances, priorities, ethic... and ability to sleep peacefully. Do what your heart tells you to. We tend to be rational when we should be emotional, and viceversa.
This thread is full shit from the OP. How do i know? You can call it life experience just like my experience in trading. OP: I will apologize if you post a screenshot of your brokerage account where it show you lost $25K and your life saving in your brokerage account.