How do you recover from a 80% loss?

[StarDust9182]

A good rule of thumb is 30 to 50% stop losses with options. Because of the poor liquidity and bucket shop games, one needs to use mental stops in my view.

 

[baro-san]

Quote from failed_trad3r:

Let's say somebody I knew was long 5 days ago, how do I recover?

Sorry for your loss.

Firstly stop trading! Then thoroughly analyze what you did wrong. Don't restart trading real money until you prove to yourself with paper trades that you have a profitable trading method, and that you are disciplined enough to follow it always.

 

[baro-san]

Quote from Kendall:

Scale down, don't stop trading, trade with whatever you have left, dont be afraid to go the other way and jump on the trend. You will be damaged mentally for even longer if you get out and the market goes your way. You can always make the money back all it takes is catching a 20% trend and leverage and you can make a fortune.

Very bad advice!

 

[spindr0]

Quote from failed_trad3r:

Let's say somebody I knew was long 5 days ago, how do I recover?

Stop taking advice from failed_trad3rs

 

[athlonmank8]

Quote from Lucrum:

LOL

 

[DT-waw]

how to recover from 80% loss?

risk 20% per trade and make 15 trades a day.

or if you're lazy, go with a signal provider who averages down and has 100% winning trades.

 

[1a2b3cppp]

Quote from bwolinsky:

This is a 3x that started at the end of 2010.

SQQQ is the counterpart.

Thanks.

 

[-hammertime-]

Ever heard of a Stop?

Please don't place another trade without one. It's okay - you'll bounce back. Work hard at it. Good luck to you.

 

[Lucrum]

Quote from -hammertime-:

Ever heard of a Stop?

A stop order? But he just "knew" what was going to happen.

 

[GrandSupercycle]

Agree.

Quote from Vulcan Trader:
JUST TRADE SMALL SIZE LIKE 100 SHARES FOR EQUITIES AND 1 LOT FOR FUTURES. DO THIS UNTIL YOU GET BACK ON YOUR FEET. IT WILL ALSO HELP TO BUILD CONFIDENCE.