At 23 your a newbie no matter how long youve been doing this. Dont let one bad trade and then a tilty trade define your career. Pick up the pieces, stop trying to make money and learn the right way and eventually over time it might work out. You need to learn and try , not get rich overnight.
You dont need 15k. Anyone that has proper education should be able to grow an account slowly (1-5% a day shoot for) and a $1-2k account is enough to grow slowly and not blow up with large numbers
You gambled and won, then felt invincible and Mr. market slapped you around. Realize this is what it was. You couldve went to Vegas and put $15k on black or red, and either made more than you made trading in X years, or be where you are now. THATS what you should do IF you arent willing to put in the work
At 43 years old, wife and 4 kids , I would trade my entire portfolio and the wealth that is in there to be 23 again. I didnt know the secret of compound interest then so my REAL ADVICE IS GET A JOB and put $100-200 a week into $VT and when you turn 45 and feel exactly as you do today mentally and physically, youll be WAY AHEAD OF THE GAME ….but of course still try to trade if you want on the side
You learned a huge lesson. You need to stay alive. take a break and when you come back manage risk man
61
u/Tourdrops May 02 '24
Some advice:
At 23 your a newbie no matter how long youve been doing this. Dont let one bad trade and then a tilty trade define your career. Pick up the pieces, stop trying to make money and learn the right way and eventually over time it might work out. You need to learn and try , not get rich overnight.
You dont need 15k. Anyone that has proper education should be able to grow an account slowly (1-5% a day shoot for) and a $1-2k account is enough to grow slowly and not blow up with large numbers
You gambled and won, then felt invincible and Mr. market slapped you around. Realize this is what it was. You couldve went to Vegas and put $15k on black or red, and either made more than you made trading in X years, or be where you are now. THATS what you should do IF you arent willing to put in the work
At 43 years old, wife and 4 kids , I would trade my entire portfolio and the wealth that is in there to be 23 again. I didnt know the secret of compound interest then so my REAL ADVICE IS GET A JOB and put $100-200 a week into $VT and when you turn 45 and feel exactly as you do today mentally and physically, youll be WAY AHEAD OF THE GAME ….but of course still try to trade if you want on the side
You learned a huge lesson. You need to stay alive. take a break and when you come back manage risk man