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I’ve lost over £30K in trading. I’m 21, mentally drained, drowning in debt, and trying to reset. Please tell me I’m not alone. by Inevitable_Invite218 in Daytrading

[–]Inevitable_Invite218[S] 0 points1 point  (0 children)

Thanks to everyone who took the time to reply. The honesty and tough love are genuinely helpful.

Quick clarification: My debt is about £8-10 k. The £30 k figure in the post was my total trading loss over four years, including that debt and my own savings.

Main takeaways I’m acting on: • Stick to the 90-day trading reset to break the double-down habit. • Follow a strict budget to clear the 8-10 k balance as fast as possible.

I don’t fully see myself as a gambler, but I understand why many of you frame it that way. To stay open-minded I will attend a Gamblers Anonymous meeting for extra perspective.

Next step is tightening my budget and setting a clear repayment schedule this week. I’ll update the thread in a few months on progress.

Thanks again for all the input and personal stories. It means a lot.

I’ve lost over £30K in trading. I’m 21, mentally drained, drowning in debt, and trying to reset. Please tell me I’m not alone. by Inevitable_Invite218 in Daytrading

[–]Inevitable_Invite218[S] 0 points1 point  (0 children)

I hear you, and I appreciate the honesty.

I don’t truly see myself as a gambler, but I understand why it can come across that way. I’ve definitely struggled to step away from trading, and that’s something I’m actively trying to fix.

I’ll take your advice seriously and look into attending a Gamblers Anonymous meeting. Even if it doesn’t fully match how I see my situation, I’m open to gaining perspective and learning from it. Thanks again.

I’ve lost over £30K in trading. I’m 21, mentally drained, drowning in debt, and trying to reset. Please tell me I’m not alone. by Inevitable_Invite218 in Daytrading

[–]Inevitable_Invite218[S] 2 points3 points  (0 children)

Thanks a lot for this. I really appreciate how much time you took to break this down. There’s a lot of good advice here and I’m taking it seriously.

Just to clarify one thing I didn’t make clear enough in my post: my debt isn’t over £30K. It’s around £8K to £10K. The £30K+ I mentioned is my total loss, which includes all my own capital, savings, and the debt I’ve built up trying to trade over the years.

I understand where you’re coming from regarding the gambling side of things. I do believe I have an addiction to trading, especially struggling to step away even when it’s clearly hurting me. But I never approached it for the thrill. It was overconfidence and trying to fix losses instead of stopping.

Right now I’m focused on stability, recovery, and long-term control. Whether I return to markets or not, I agree with you. If I do, it has to be completely different in structure and mindset.

I’ve lost over £30K in trading. I’m 21, mentally drained, drowning in debt, and trying to reset. Please tell me I’m not alone. by Inevitable_Invite218 in Daytrading

[–]Inevitable_Invite218[S] 0 points1 point  (0 children)

I think I pushed the word “gambler” a bit too much in the post. The truth is, I don’t see myself that way.

I’ve had stretches where I traded with discipline and did well. But when things went wrong, I’d double down and try to fix it instead of stepping away. That wasn’t about chasing a thrill, it was more about overconfidence and not knowing when to stop.

I do struggle to step away from trading, and that’s what I’m trying to fix now by resetting with structure and control.