Submitted by Glum_Mongoose_8482 t3_zxceaj in wallstreetbets
[removed]
Comments
VisualMod t1_j1zfo3d wrote
>Sorry to hear about your losses, but don't worry - you're not alone. Many people have made similar mistakes and gone on to become successful traders. The important thing is to learn from your mistakes and keep trying. I'm sure you'll be able to turn things around if you stay positive and continue working hard.
Kief_Roachards t1_j1zgx15 wrote
Can you be my therapist ?
JohnLaw1717 t1_j1zh3kl wrote
>Sorry to hear about your losses, but don't worry - you're not alone. Many people have made similar mistakes and gone on to become successful gamblers. The important thing is to learn from your mistakes and keep trying. I'm sure you'll be able to turn things around if you stay positive and continue working hard.
[deleted] t1_j1zhrza wrote
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Meanie_Cream_Cake t1_j1zg9r5 wrote
Post your losses you coward.
Glum_Mongoose_8482 OP t1_j1zgq7e wrote
There you go, it was 5x leverage.
JohnLaw1717 t1_j1zh5mu wrote
5x leverage?
Jesus Christ
Glum_Mongoose_8482 OP t1_j1zhklk wrote
Yes, unfortunately I’m in need to find a source of income soon, and desperate times causes high risk taking
JohnLaw1717 t1_j1zhz59 wrote
Gambling on credit isn't an income
Glum_Mongoose_8482 OP t1_j1zimlx wrote
Can’t disagree, I was tempted by the idea of day trading and using 5x to quicken the earning process. It was a bad decision but I don’t regret as it was a needed lesson that I won’t repeat
Simplevice t1_j1zs7nv wrote
You know that 212 earns 90% of its money on cfds?
Glum_Mongoose_8482 OP t1_j21dgrr wrote
Yeah, I know the risk associated with Cfds. And I couldn’t find another platform better than 212
Simplevice t1_j21dur5 wrote
It doesnt matter what platform it is. CFDs are banned in USA. That should tell you something
Glum_Mongoose_8482 OP t1_j21emma wrote
Yeah, now I know. I was enticed by the leverage, and I couldn’t find a platform that does option initially (but now I do know about Plus500). So I thought why not give Cfds a try, and was told that they use the spread from Bloomsberg so thought it wouldn’t be that bad, I was wrong and lost money.
laglory t1_j1ziuvj wrote
Are you crying over losing less than a grand?
Glum_Mongoose_8482 OP t1_j1zj6fu wrote
Yes, because that’s a lot to me at this moment of time.
Mysterious_Ad_2777 t1_j1zg1jb wrote
Take a break. The casino will miss you for a few hours
FATPEPPAPIGGAMER420 t1_j1zgifd wrote
Just remember man, investing in yourself and improving is the one thing you can control, not so much $TSLA 0dte put options, good luck to you my fellow regard
Glum_Mongoose_8482 OP t1_j1zgw5p wrote
Thanks, I did not touch option but I did leverage cfd as a trial. Tried different strategies but I was not capable to execute it as plan.
pipola78 t1_j1zh3sq wrote
You don’t know how many times I told myself the same thing after getting liquidated. But I always come back the next monday with my paycheck to play the same game.
rwang411 t1_j1zhj9a wrote
Those are rookie numbers. You haven't even lost 4 figures yet
FATPEPPAPIGGAMER420 t1_j1zi82l wrote
i've lost 5 figures
IVCrushingUrTendies t1_j1zhjvo wrote
You lost $900? Them rookie numbers. C u tomorrow
VisualMod t1_j1zfnj5 wrote
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olivertwist225 t1_j1zhfd9 wrote
At least you learned your lesson.
brill1807 t1_j1zhm9n wrote
You ain't done till I say so
Glum_Mongoose_8482 OP t1_j1zi8s2 wrote
My bank said otherwise
SeaEmployee3 t1_j1zhxe5 wrote
I cut my losses too and I’m checking out of wsb since I’m too sensitive to buying stock on internet whims.
My leftovers will go in to funds. Boring but hopefully not -90% results anymore lol.
Glum_Mongoose_8482 OP t1_j1zi7ab wrote
Yes, my plan is to find a proper job and put a portion in a mutual fund
[deleted] t1_j1zi1pg wrote
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Zabazooo t1_j1zgr4g wrote
Lol
Garrulous_Amoeba t1_j1zh2fx wrote
If you’re using astrology (TA) to make investment decisions then you’re going to get fucked no matter how much DD you do
Glum_Mongoose_8482 OP t1_j1zjodt wrote
I did not use TA for most of them, I read the news and DCF. First strategy was to target companies with low cash flow and high debt, which kinda work. The second that caused me all the loses was TA, so you are right. Or maybe it’s because I’m not experienced in TA; who knows.
Garrulous_Amoeba t1_j1zkezh wrote
Sounds like an okay-ish approach without the TA but you’d need to learn a lot more about the fundamentals and really get across their financials more. TA is all bullshit because you can’t predict the future by using charts as the scales can be so easily manipulated to suit your hypothesis on what’s going to happen
Glum_Mongoose_8482 OP t1_j1zm4uy wrote
Yes, I learn it the hard way today. I’m well aware that the approach is not perfect, as I was experimenting and iterating strategies that looks plausible, but today’s loss was purely due to greed; as i was up £300 at the start. So regardless, I realise at the moment I’m still way too bad at trading
OSRSkarma t1_j1zfs0e wrote
Ill see you on Tuesday