Losing Money Is The Worst

gaussian said:
Get a bottle of your favorite wine and go watch tiktok cringe videos until you feel better. After I lost ~10% on a really stupid play this made me feel considerably better.

Personally I'd recommend Married...With Children but I guess Fraiser is ok.

I'm in the same boat right now. I've been trading options seriously for around a year now (spent another 2 just reading theory...that seemed like a bit of a mistake) and I've gotten better, but I still make really stupid plays. I just try to limit my losses, be aware of my headspace, and keep my day job so I can keep refilling my account with money that would otherwise be spent on booze or motorcycles (I already have 3 and boy a S1000RR is tempting...).




Give me a PM if you ever want to chat.
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That video makes me feel better. My kids and I Love adventure time
 
S2007S said:
ACHN?
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Bingo. I shorted it and been bad holding forever only to have been green (barely) the last week. Hoping for it to break that $3.50 support and fall towards $3.0 again. My stop was set around $4.0 and I woke today only to see I got filled around $6.30. I should have set a tight stop in the first place and got out as soon as it went against me but oh well. I realize that I made some rookie mistakes here and got burned because of them. It’s just bad when the losses add up like this and the negativity sets in.
 
I can relate, been on hold for 2 weeks in demo land due to sucking, crawling back to $1 per pt currently when I get the time and work back upto to old $10 I was at 3months back when I went full time, then the added pressure turned me into a newbie :(

It could be worse, which you'll see tomorrow, when it gets worse :(

1/2 a bottle of bleach, 1/2 a bottle of vodka and 3 packs of paracetemols you'll be fine LOL
 
Probably you've made this too complex, while making money should be much simpler.
I feel bad and will pass onto you an easy money-making opportunity that I was just going to seize upon. I'll forward you a personal email I just received from Mr Mgbutu Bwakaka offering $5 million for help in transferring 1 ton of gold out of Nigeria. All you need to do is pay a small transfer fee, equal to the remainder of your trading account.
 
zghorner said:
Here is some loss porn for you all...Had a short position jump 80% over night due to buyout news and of course my SL got triggered waaaaaay beyond what it was set at this morning at the height of the jump. Lost $3,800...just add that to the, i dont know, like $10k i lost last month on retarded options plays. Days like this make me want to throw in the towel, go work a 9-5, slowly start balding with a perma-grimace on my face because i know my wife is banging the neighbor, get divorced and live off of frozen "hungry man" dinners until i die of a heart attack in front of the TV watching Fraiser reruns at the ripe old age of 55.

Usually when i suck at something i want to be good at...i work hard, get better, and eventually do quite well with it. Trading just isnt quite going that well for me...I may actually suck more now than when i started. Going now to play marco polo in the bathtub with my microwave.
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So what exactly is your point? If you feel you have no chance of success, then you're better off getting a 9-5 job. Otherwise, learn how to trade properly. Throw all egos out the window and really, really, really FOCUS. What to focus? Price. That's all you need to know how to trade. Get to know everything about price behavior, eg. price action between bulls and bears.
 
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