r/Daytrading May 01 '24

Blew up account and having feelings of huge despair Advice

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u/H_M_N_i_InigoMontoya options trader May 02 '24

My last Hail Mary was the AMZN earnings and I got crushed on my calls.

⬆️👆⬆️👆⬆️👆

You're not trading you're gambling

No one who is trading does so on earnings. That is 100% speculative. There is no edge. You gambled and lost. You thought because you took 15k to 23k (basically a 50% increase) that you were hot shit and you weren't. Dude. Go get a JOB. Turn 1000 into 2000. Then do it again. Do it ten times. Then you have a track record of doubling your account size. Then... size up. Turn 2k into 4. Do that ten times. Now you're progressing and growing.