Losing Money Is The Worst

tonyf said:
Do you know what very long term US equities returns are (from the 1920s to date)? Around 7 per cent p.a. from memory.
That does not mean that you will recover your loss in less than 3 ys if you buy and hold a cheap SP500 ETF. But you are more likely than not to perform in line with market for next 30 ys.
Your alpha will come from your day job doing something else. You will likely live a bit longer too if you save yourself from the stress associated with daytrading as well.

Thats the kind of advice you will unlikely read on this forum.
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i don’t think I can go back to a day job. I have spent time recently in thought about what I would like to do and each time it ends with a barrel in my mouth. I do admit that I feel overwhelmed and unprepared for success in trading. I honestly don’t know shit. I have spent countless hours learning the basic strategies and indicators etc and I still feel like a retard...and my returns confirm that I may actually be retarded. I look back on my mistakes and say “wtf man you should have known better than that” but oh well Maybe I am just a glutton for punishment.

I have one small business currently that is paid for and makes some money...not enough to retire on or anything but it is an asset nonetheless. I may consider doing something else on the side, trading physical goods in one form or another for Supplemental income. But to go work a normal 9-5 just isn’t how I want to spend even a minute more of my life.

PS. No disrespect to any of you that do work a 9-5 for a living. Many of the people in my life I love most do just that. I just have done it and do not like it.
 
If you are looking for purpose in life, why not work for a charity? There is more to life than money. Your downside from trading is huge. I would never ever be tempted by trading or any form of gambling if I were you. It is time to talk to a clinical psychologist about all this as well. Last, avoid what you call financial education at any cost. It is just false hope....
 
tonyf said:
If you are looking for purpose in life, why not work for a charity? There is more to life than money. Your downside from trading is huge. I would never ever be tempted by trading or any form of gambling if I were you. It is time to talk to a clinical psychologist about all this as well. Last, avoid what you call financial education at any cost. It is just false hope....
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I can see the charity as a good suggestion...serving others and giving back tend to produce the most happiness.
But damn man the rest is pessimistic as hell lol.
 
zghorner said:
I can see the charity as a good suggestion...serving others and giving back tend to produce the most happiness.
But damn man the rest is pessimistic as hell lol.
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Dont take this the wrong way....but are you bipolar?
 
tonyf said:
Dont take this the wrong way....but are you bipolar?
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Not at all. Very little susceptibility to extreme mania or depression. Pretty mellow middle type of guy. I get excited and sad like everyone else but not at all bipolar.
 
ElectricSavant said:
Zg,

I have quit trading several times in my life just to return.

We are in this for life and it is just to make the best of it.

It is important to have more than one way to trade.

You can do it...

ES
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I totally agree with you. This field is only such, situations tend to make us leave, but its ever the end, atleast for me.
 
Would a book titled "How to Blow up Your Account" sell? Im trying to come up with other ways to make money and being an expert on the subject of consistent losses i think i could write a book describing exactly how i trade. Then others can read it and just do the opposite.

Chapter 1: Obsess over "get rich quick" thoughts. I start foaming at the mouth when i see same day expiry OTM options. I purchase said options. They expire worthless. Rinse and repeat until selling plasma is sole source of income.
 
Everything in life should be personal choice. If you feel happy with doing charity, then you should do it. On the other side, people love to trade and I dont see any problem why they should not trade and be happy? If some choice fits for you it doesn’t mean that it fits for everyone
 
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