step 2) risk your life savings while monthly expenses are increasing
step 3)gamble
step 4)lose it all
2xfun on
Fear and greed the most powerful human emotions at play
6M66 on
Yup, been there.
I_Hate_Reddit_69420 on
Leverage can fuck you up so bad. I used to do CFD trading with tons of leverage on AMD before they released ryzen. Made tons of money, i did cash out a lot of money as well, but one time I tried playing earnings and boy did that go wrong. Got blasted out of my entire account balance overnight. Stopped doing that fight after, lesson learned. I’m glad I did come out on top with it, but it was luck more than anything.
Hot_College_1343 on
36, You are still young. Get over this loss quickly. Learn your lesson. And don’t try to get it back with even more leverage. You will be where you were at 42. And double it before you are 45.
f08g on
damn… big lesson here. should be stickied
Citizen_Kano on
I think it’s ok to have a little gamble every now and then. But, obviously, don’t gamble with six years worth of savings
skillsoverbetz on
Why would u play leverage while dCA?! 🤦♂️
Proof_Jellyfish_5046 on
How many times did BTC swings liquidated longs/short by now?
I could count at least 10 times for each direction starting mid October.
Why on earth would ANY retailer go long on a stock that can be pumped/dumped 10% with pocket change?
prayerrwow on
Stopped reading at “leverage”
my_username_bitch on
Most investors have a story like this, I certainly do, its a difficult lesson but try to learn the right thing from it. Your problem didnt come from your investing, it came from leveraging. Get that mindset out and embrace the investment opportunities ahead of you. I was several years older than you when I made my first major investment mistake and im since back on track, you will be too. Great opportunity to diversify, as well, there are some great long term opportunities out there. Not sure where you live but check your tax code and see what you can write off and follow those guidelines before you buy back in. Leveraging is a dangerous game, that should be the lesson here, not that yoire out of time to invest. You got this. 💪
mazeppa817 on
Sad story. But, being 36 is an advantage, not a downside. Imagine the same storey except that you are 67 years old.
15 Comments
step 1) dont dca into btc
step 2) risk your life savings while monthly expenses are increasing
step 3)gamble
step 4)lose it all
Fear and greed the most powerful human emotions at play
Yup, been there.
Leverage can fuck you up so bad. I used to do CFD trading with tons of leverage on AMD before they released ryzen. Made tons of money, i did cash out a lot of money as well, but one time I tried playing earnings and boy did that go wrong. Got blasted out of my entire account balance overnight. Stopped doing that fight after, lesson learned. I’m glad I did come out on top with it, but it was luck more than anything.
36, You are still young. Get over this loss quickly. Learn your lesson. And don’t try to get it back with even more leverage. You will be where you were at 42. And double it before you are 45.
damn… big lesson here. should be stickied
I think it’s ok to have a little gamble every now and then. But, obviously, don’t gamble with six years worth of savings
Why would u play leverage while dCA?! 🤦♂️
How many times did BTC swings liquidated longs/short by now?
I could count at least 10 times for each direction starting mid October.
Why on earth would ANY retailer go long on a stock that can be pumped/dumped 10% with pocket change?
Stopped reading at “leverage”
Most investors have a story like this, I certainly do, its a difficult lesson but try to learn the right thing from it. Your problem didnt come from your investing, it came from leveraging. Get that mindset out and embrace the investment opportunities ahead of you. I was several years older than you when I made my first major investment mistake and im since back on track, you will be too. Great opportunity to diversify, as well, there are some great long term opportunities out there. Not sure where you live but check your tax code and see what you can write off and follow those guidelines before you buy back in. Leveraging is a dangerous game, that should be the lesson here, not that yoire out of time to invest. You got this. 💪
Sad story. But, being 36 is an advantage, not a downside. Imagine the same storey except that you are 67 years old.
The lesson is avoid leverage.
Leverage is way sl/tp, otherwise is gambling.
Fuck around and find out