Port1385
I have been a lurker here for several years and only made one reply, but I have a confession. I quit. Perhaps some of you will recognize yourself. I traded part time for a number of years and then day traded stocks full time for about ten years. I started with about 5K 20 years ago and built it up to over 1.4 million until about about six years ago. I made money every year until about six years ago. I have put two kids through expensive colleges (one Ivy) and paid all living expenses out of my profits over the years.
I started losing $$ about six years ago and continued to pay the bills out of my savings (profits from previous years). I wake up every morning now and dread trading and am afraid to pull the trigger many times. I believe it is an addiction and am quitting while I still have at least 60K left. I will either go back to my older profession or open my own business since I am now in my mid 50s and afraid I will not be hired.
Obviously I should have quit when I had my 1.4 million but I was and am addicted to trading.
I am writing this probably as therapy and maybe a few of you will recognize yourselves to be in a similar position.
I hope to never see another stock and will just dollar cost average into mutual funds from here on .
Good luck to all.
