You've lost money in trading, Now what?
If you've lost money day trading, you're not alone. Everyone who has started trading the market has tried day trading at some point in their lives and got rekt in the end.
Here are things you can do today to avoid digging yourself into a deeper hole.
I know what you meant. You wanted to get rich and you wanted to achieve financial independence much earlier. So you've tried day trading and found out it's not as easy as you'd hoped. I mean all you have to do is buy low and sell high so easily 2% a week. How is it so hard?
So you spend money and time learning technical indicators that tell you how day trading works. After the months have passed, you've ended up with a lower account balance than you started with. This is most of the stories of people who trade.
I’m also included in that group of people. I day traded before which made me lose. I know the feeling because it just feels terrible. It doesn’t feel great. You don’t just lose the money, you lose the time that it took for you to make that much money in the first place.
It’s brutal when the market just does not care whether you’re losing or making money. The market is the market and it will move up or down with or without you. The important thing to do when you lost money day trading is to get your psychology back to normal and commit yourself to more profitable investing strategies.
You've lost money and thinking about what to do, these are the Options, This will hurt you but it needs to be told.
1. Gamble All that you have left and get rekt
Trade with what you've left. Try to get more profits with Leverage and win it all back as soon as possible.
Don't do this ever, this will get you rekt guaranteed
Trying to make back your losses by continuing your mistakes = Complete Rekt.
2. Re-set your mind.
Understand that you lost and your current knowledge and style aren't enough. Please don't make it about ego, Reset your mind and Re-engineer your learning. Start from the Basics, Slow grind, make a long-term slow progress plan.
THIS IS THE ONLY WAY.
3. Forget and Forgive yourself. Use this as a life lesson. And move on to something else that makes you Happy.
Life is long and vast, find something else—too much to experience.
"I hope you choose your options well, I recommend option 2 for people who don't get anxious while trading and want to continue. Recommend Option 3 for people who are happy to do it and option 1 for the ones who want more REKT.
All The Best."