I’m 23 and I lost close to 30k of my hard earned money through options and crypto. I always worked hard to save and kept invested in VOO. I don’t know why but I had an urge to take it all out last year and started gambling. I think it’s because I felt like my peers were doing better than me. It’s my fault and I take full responsibility but I really don’t know how to cope with this anymore.
https://i.redd.it/ygc6ue0ipgvg1.jpeg
Posted by Odd_Papaya8305
46 Comments
Just move on, what’s done is done. 95% of traders fail, you’re one
eat ur wife’s pussy after she and her boyfriend are done
try crying about it on reddit
Coping is realizing shit happens and you made someone else’s day giving them your money.
Learn the knowledge first before doing anything
Cope? friend, with $5600 your doing better than *many*
Put it in an index fund, never day trade again, and keep adding to it.
Double down
If you accept it as a learning moment to never gamble again, $28k is actually cheap tuition.
You will make it back. Don’t lose heart. In a few years this moment will be a tiny blip in the grand scheme of things
https://preview.redd.it/p98j92cnqgvg1.jpeg?width=828&format=pjpg&auto=webp&s=68ba89360ad62c4f53de99e905b0111c37b6cf50
Easy. Don’t lose.
The plus side is you’re 23 with enough money to have invested 30k. You’ll bounce back just learn from your mistakes. You paid a lot of money for those lessons
“I think it’s because I felt like my peers were doing better than me.”
Comparison is the thief of joy, and options aren’t for everyone. Focus on smaller wins, moving your own needle. 23 is still early game, plenty of comeback time.
YOLO 5k on spy 0DTE. I know a guy who was at his last $5k and he yolo’d and won $100k. He is doing great now
https://preview.redd.it/4ajex5ftqgvg1.jpeg?width=1284&format=pjpg&auto=webp&s=146491085a012d21d417d5654ff1d05207c9041e
Play 0dtes with rest and call it a day
Can get plenty 0DTEs with that
Stop conflating your money decisions with your political stances
Did you try winning? Picking the winners?
Pray
Most 23 year olds don’t even have 5k so in a way congrats.
Much harder to deal with during A raging bool market
You can turn it around. Pull your thong out of your ass and start again. 5k is enough to make it back in a week
>I think it’s because I felt like my peers were doing better than me
LPT: Make friends with people doing much worse than you. You’ll instantly feel better.
You’re welcome.
It’s not about how many times you fall. It’s about how many times you get back up.
all in RDDT shares and wait for earnings this month. Not joking
Have you said thank you yet?
Wait… did you sell?
Looks good to me
https://preview.redd.it/5uq82cclsgvg1.jpeg?width=283&format=pjpg&auto=webp&s=83773f294c7f1bb85df97399fb3e8100c808938a
Make more money
it’s not even that bad tbh
at least it was your money and not nana’s
Move on and trade spx 20min before day end
Don’t rope
Take a break, reset, wait for it and find a good entry point, and look at people who post bigger losses. Thats what I do.
For you I guess good luck on the last part. Thanks for making people feel better though 🙂
Revenge trade
No crying in the casino
You only lost 30k….. Easy to gain back
Dw it’s just numbers they don’t have any impact on ur life
That’s only about 300 dicks by the Wendy’s dumpster, best get started!
https://preview.redd.it/kq1onqdxtgvg1.jpeg?width=1284&format=pjpg&auto=webp&s=68fec27702cb8c3922fd8d631f2e34e3d22f82d7
Since you only invest what you’re willing to lose, you just go “ugh” and continue investing with the surplus money you make from your job.
Honest advice. You need to force yourself to look at your losses. Grab pen and paper. List all the reasons why your positions failed. List all the reasons why you made those decisions. Then explain each of those points on detail on all of your trades until you have bare minimum clear and unavoidable rules to continue trading.
If for any reason you are unable to follow any of those rules or the rules do not limit loss/provide profit as they should go back to revision.
Some do this process with one simple logical step and end up on a boring investing strategy (no options, no trades just VOO and chill) , which obviously works, specially compared to their degenerate previous gambling.
Losses are perfectly fine as long as you do rigorous work and learn from those mistakes so that you never do them again. If you refuse to do it you should just admit to yourself that you are a regarded gambler and the problem isn’t about the stock market anymore right, it’s something else.
I was down~15k in 2021. Now I’m down $1k all time lol… it can get less shitty ig
If you are 23 and have 5500 and no debt, you’re ahead of 99% of your peers
As someone who lost 200k, which would’ve substantively changed my life: you’ll be okay. Chin up. It gets easier with time. Grind harder, appreciate the world around you, and realize money isn’t everything
Drugs and alcohol