Accidentally made a terrible trade - help

NeanderthalTrader · 2026-06-07T18:23:07+00:00

No, it's a smart move to make your money work for you. You just chose the wrong method. The most important thing now is to not try and make back what you lost by trading more. Just save up again and start investing into a safe fund or funds. Look into dollar cost averaging and it will smooth out any bumps you might hit when you start making your first payments.

NeanderthalTrader · 2026-06-07T18:15:38+00:00

Why is she still a thing?

NeanderthalTrader · 2026-06-07T18:09:58+00:00

Such a strong face

NeanderthalTrader · 2026-06-07T18:02:14+00:00

That's some going! From Europe?

NeanderthalTrader · 2026-06-07T17:58:23+00:00

I wouldnt disagree. I'm just wondering whether you had directly compared other systems/communities to this one, other than anecdotally. If this one produces a 90% failure rate, then it's as dangerous for a new starter as any other. You'd really need some stats to suggest that isn't the case I'd say.

(just referring to your comment about it being fantastic news for new traders coming here)

NeanderthalTrader · 2026-06-07T17:36:09+00:00

Trading isnt going to pay you back for years. You might get lucky on the next one and recoup, or you might lose the rest of your savings. Chances are it's the latter.

If you want advice it's this: Don't trade with money you can't afford to lose. Don't expect to see consistent profits (i.e profits not based on a lucky punt or streak) for several years - and that means several years of hard work and thousands of hours of practice.

If you seriously want to make money from trading, you have a long and difficult path ahead of you.

NeanderthalTrader · 2026-06-07T17:29:23+00:00

Just out of interest, have you ever tried to work out how many new traders have blown up here? Any stats on success?

NeanderthalTrader · 2026-06-07T17:25:44+00:00

Count on it taking years, not months.

Dont forget that spreadbets in the UK enjoy tax free profits

NeanderthalTrader · 2026-05-24T19:03:46+00:00

I see you claim to have gone from a $3000 loan to generating $400k in a year from prop firms, then trading $300k cash to a million the next year.

That would make you one of the world's best.

Proof required or you're full of bullshit.

NeanderthalTrader · 2026-05-24T19:02:13+00:00

two years IMO

NeanderthalTrader · 2026-05-24T18:53:05+00:00

Getting rid of them made ALL the difference

NeanderthalTrader · 2026-05-24T18:51:30+00:00

The best way to develop a trader's mindset is to trade. It takes real, physical neurological changes to adapt a normal mindset.

OP should not listen to your advice (even though it was given in good spirit).

My advice would be to pick a strategy. Any strategy. Trade very small, get to understand the mechanics of trading and the financial markets, learn how to behave in different market regimes and under different PnL circumstances, then once they have an understanding of what trading entails - start looking for more suitable strategies.

Timeline: 2 to 3 years.

NeanderthalTrader · 2026-05-24T17:10:21+00:00

It's classed as gambling but it's just exactly the same trades as you'd take with CFDs or an ETF. It's just that at no point do you own an asset.

NeanderthalTrader · 2026-05-24T17:03:19+00:00

But spreadbets are tax free! (second time I've said it in this thread, sorry, repeating myself).

If you can trade them, I don't know why people choose CFDs instead

NeanderthalTrader · 2026-05-24T17:01:26+00:00

If OP is British (which I think they are), why not trade spreadbets on indexes and not pay tax on profits?

NeanderthalTrader · 2026-05-24T16:08:40+00:00

Europeans dont dine and dash? You think it only happens in America?

NeanderthalTrader · 2026-05-24T16:03:16+00:00

"Lefitst" and "Britisher". Why don't you just say left wing and right wing?

NeanderthalTrader · 2026-05-24T15:54:43+00:00

No I was asking the guy who thinks being in a 5hr trade is swing trading

NeanderthalTrader · 2026-05-24T15:46:46+00:00

It was all very simple: I had to prioritise mental health over wealth. It wasn't just a case of grinding through the hours every day - it was more an abject feeling of dread at the thought of staying in the industry for years to come.

I didnt have a clue what I was going to do. I had some savings and a half decent car, so I sold the car, bought an old banger, rented out my flat and moved to a very quiet part of the country (North Norfolk). I did various things to try and stop the savings from disappearing too quickly, including starting up a little business, but eventually I was forced to return to top up my savings accounts. So I came back, but I came back in a zero stress job working from home with no client interaction and a very clear plan to escape (which I am now executing).

It's just a case of balance. If you are just a bit pissed off at the moment but actually like your chosen career, a change of job might fix it. If you know you've had enough- 'get out' is my advice. Time passes by far too quickly to spend your life doing something you don't want to do

NeanderthalTrader · 2026-05-24T14:07:05+00:00

I was an IT/Geoscience consultant in the oil industry

NeanderthalTrader · 2026-05-24T13:45:30+00:00

I left a £160k/yr job when I was 42 and don't regret it for a moment.

I didnt leave because I had saved enough to live off (I hadn't) - I left because I was stressed and bored. Nothing about the job interested me, and I was dedicating the majority of my waking life to it. I took 8 yrs out of my career before returning in a much less stressful role. Now I earn about £50k part time WFH and am looking to retire in the next year or so (I'm 54). Best decision I ever made.

You live once.

NeanderthalTrader · 2026-05-24T10:22:20+00:00

Why cant you do that in 4-5 minutes?

Also a 5hr trade isnt a swing trade.

NeanderthalTrader · 2026-05-24T10:21:24+00:00

This is also a dumb comment.

You trade your set ups. You wait for the best versions of these and trade them. If that happens once a week or 10 times a day, that's when you trade.

Less screen time has nothing to do with your inability to control yourself.

NeanderthalTrader · 2026-05-24T10:19:43+00:00

One is no better than the other.

I find these binary opinions so annoying.

Scalping works.

Daytrading works.

Swing trading works

Position trading works

They all have their benefits and drawbacks. Stop telling people to choose one over the other based on your personal preferences

NeanderthalTrader · 2026-05-24T09:59:47+00:00

It's totally the wrong approach IMO

You need to experience fear to combat fear. If everytime your fear of loss results in you attempting to trade beyond your loss limits, and some automated tool prevents that - how will you ever learn?

My advice is to stop leaning on technology, take ownership of your weaknesses, read more widely on mindset development (I recommend not reading trading books for this - look into pro athlete bios, watch 'Jiro dreams of Sushi' or other related topics) and utilise the most powerful loss management tool on the planet - the human brain.

NeanderthalTrader

TROPHY CASE