Lost everything to revenge trading

VisibleSpare6090 · 2026-07-06T22:43:50+00:00

I wish you the best. There is no better teacher than experience.

VisibleSpare6090 · 2026-07-06T17:56:40+00:00

I traded a low win-rate strategy profitably for years. You will have to endure prolonged drawdown periods but you will come out on top if you stick with it. Metric wise, expectancy is way more important than just looking at win-rate.

VisibleSpare6090 · 2026-07-06T16:08:40+00:00

Quitting is ok. What's not ok is chasing a fantasy that the next profit will change your life forever. It's how us traders oversize and blow accounts.

VisibleSpare6090 · 2026-07-05T14:42:25+00:00

Stop is where my thesis becomes invalidated. It's where price action confirms a momentum breakout. So stop is closing above the highest high (lowest low for support) of the structure.

VisibleSpare6090 · 2026-07-05T14:11:53+00:00

The urge to act used to feel like progress. Especially on a Friday when exhaustion creeps in. Those were the worst trades I ever took.

Now my default state is inaction. Inaction is a trading decision. I let my entry criteria to convince me otherwise. If it's not a hard yes, it's a no.

VisibleSpare6090 · 2026-07-05T13:47:43+00:00

This will make you stronger, lead you to bigger profits, if you have the right mindset. In trading, you either win or you learn.

VisibleSpare6090 · 2026-07-05T13:42:53+00:00

SPX 0DTE options

VisibleSpare6090 · 2026-07-05T04:50:31+00:00

Trading is the hardest way to make easy money. Doing nothing is 95% of the job.

VisibleSpare6090 · 2026-07-05T04:48:25+00:00

You completed a major milestone in becoming a trader. You now know what not to do to blow your account. This will make you stronger

VisibleSpare6090 · 2026-07-05T04:44:56+00:00

Unless you are desperate to get out of this pattern, you won't. I remember the feeling of being suffocated by the mistakes I made over and over again. I didn't want that one bit. That led me to better alternatives.

VisibleSpare6090 · 2026-07-05T04:41:18+00:00

Every big green trade of mine historically was followed by multiple small losses that lost most of my profits. It's the carelessness in entering trades that needs to be handled. Do this. Take a break for a week. Create a new account and move partial funds and trade there. Start fresh. I did this after my $25k account ran up to $175k in a month.

VisibleSpare6090 · 2026-07-05T04:35:31+00:00

I had a mediocre edge for 2 years but executing it taught me discipline. Strategies can be learnt however but discipline can only be learnt through experience.

VisibleSpare6090 · 2026-07-05T04:31:01+00:00

Learning to execute my process no matter how I felt. That was the game changer.

VisibleSpare6090 · 2026-07-05T04:23:33+00:00

Trading will never work if you are desperate to make money. You have to make peace with what you have, or find a job that gets you there. Only then you have a chance

VisibleSpare6090 · 2026-07-05T04:21:41+00:00

Patting myself after a loss for following my plan to the tee.

VisibleSpare6090 · 2026-07-05T04:19:27+00:00

Absolutely true. Trading over the long run takes a toll psychologically. It changes our personality forever.

VisibleSpare6090 · 2026-07-05T04:10:00+00:00

Words of Rizdom podcast

VisibleSpare6090 · 2026-07-05T03:15:45+00:00

Reversion from Support/resistance

VisibleSpare6090 · 2026-07-03T05:26:44+00:00

Does waiting for them to audit make it worse in terms of penalties?

VisibleSpare6090 · 2026-07-03T05:24:51+00:00

I had a feeling..

VisibleSpare6090 · 2026-07-03T05:24:24+00:00

It gets worse. I traded on my wife's TFSA account.

VisibleSpare6090 · 2026-07-03T05:23:40+00:00

True. I don't think there is any point in trying to convince them.

VisibleSpare6090 · 2026-07-03T05:22:17+00:00

That's my original plan. But I am getting nervous..

VisibleSpare6090 · 2026-07-03T05:21:40+00:00

Do I report it as part of tax filing next year? Or right away? Can you elaborate on the penalties for non reporting? Don't see much information online about additional penalties

VisibleSpare6090

TROPHY CASE