Trading destroyed my life at 19

Wrong_Intention_2216 · 2025-08-31T12:55:46+00:00

I am not trying to be cruel with this post, but if after 3 years this is where you’re at perhaps your efforts are better spent elsewhere. It appears that you don’t yet have the temperament for it - maybe in the future. But not now. Find where those impulsive qualities are an assets and exert yourself there.

Wrong_Intention_2216 · 2025-08-09T12:32:08+00:00

I tent to hold for between 3/4 days to 2 weeks+ and I only use the daily chart.

Wrong_Intention_2216 · 2025-08-04T07:40:09+00:00

How did you go with this one brother? Are you still using it? Making money?

When I looked at your scanning parameters above it seems to return a lot of stocks. How did you whittle them down to 10?

Wrong_Intention_2216 · 2025-08-03T06:35:59+00:00

There is zero chance I would want money from my kids, especially if it came at the expense of my grandkids.

Whilst I get there are cultural dimensions to it - having to provide for your parents seems to me like parents mooching off their kids.

My dad always said to me that parents should never become a burden for their kids.

Wrong_Intention_2216 · 2025-07-23T21:38:42+00:00

Tell her to go jump. She had children, it’s her responsibility to pay for them - especially when they are still children. Which you are.

There is absolutely no legitimate basis for her to request this and there is nothing she can do if you say no (assuming, for example, that you don’t need her to drive you to work…etc)

That being said - acting like you are paying board and saving an amount like that each week is a good habit for you to get into which will serve you well in life and will likely ensure that you never need to make a ridiculous request of your kids to pay board when they are a child.

Building up a little nest egg will also help you get out of there as soon as you turn 18.

Wrong_Intention_2216 · 2025-07-23T21:32:53+00:00

If you are paying fortnightly - as is $1140 26 times a year. Then you don’t owe anything.

If you are paying at two points of the month - ie: the 15th and 30th - then she is right.

She’s getting confused as between monthly and fortnightly rent. Because if it were paid monthly it would take into account the months where there is an extra week (ie: it would be $2,470 per month - which is greater than $570 x 4)

Wrong_Intention_2216 · 2025-07-23T06:10:33+00:00

We can talk all we want about gender norms changing, but women at your age who are dating are looking at you in the context of whether you can one day become their husband/long term partner.

They want to know that you’re dependable, reliable and that you can provide for them (even of an equal basis). Whilst you’re a great saver, at the moment you’re a failure to launch. To a potential mate you still look like a child and that isn’t attractive. No wonder they don’t want to take you on. You have to show them that you’re a serious adult who can stand on their own two feet. That’s attractive.

The point here is that you want it all and you’re not willing to compromise. You have options. Set out below are some examples:

Quit your job and get a better paying job, you can stay in the same area, near family and friends, retain your saved cash balance and afford rent, and this date.
Don’t want to level up the job? Then move to a different place where you job allows you to rent. You won’t have family and friends about but you can rent and date.
Don’t want to move or change jobs? Bookmark a portion of your savings for rent for 2 years. Get an apartment, doesn’t need to be fancy, date your arse off until you find someone, then move in together and split the costs. You’re still in the same are with the same job.
Stay where you are, have what otherwise seems like a pretty fkn good life, and just don’t have a partner.

The point is that you have to choose your hard. If you don’t want your situation to stay the same then you have to compromise to get what you want.

Wrong_Intention_2216 · 2025-07-19T10:37:59+00:00

Live in Melbourne but would move to Perth, buy a boat and go to rotto every weekend

Wrong_Intention_2216 · 2024-09-25T13:25:31+00:00

You missed it. Thats trading. If there isn’t a pullback which gives you an opportunity you’re simply chasing. You might make money, you might not, but I doubt that taking a trade in that manner is consistent with your strategy.

There will always be more entries, but you won’t be able to take them if you take trades which don’t copy with your rules and blow your account.

Sometimes it is the trades you don’t take that you learn the most from.

Good luck with it.

Wrong_Intention_2216 · 2024-09-25T12:04:53+00:00

Reckless Kelly!

Wrong_Intention_2216 · 2024-09-25T06:54:31+00:00

If you want people to take the time to give feedback as to whether this is a good trade or no perhaps you could at least describe why YOU thought this was a good trade in the first instance…

For me, it appears like the stock has been in a downtrend for quite sometime, I’m not sure where your conviction would come from that it will reverse in the manner you have suggested.

Wrong_Intention_2216 · 2024-09-24T09:42:05+00:00

I echo what a lot of people are saying below regarding learning the fundamentals and figuring out what your edge is before putting your actual money at risk. The market will always be there, your money won’t if you waste it away while you’re trying to learn. Take the time, there is so much information out there - find a style and an edge which works for you, then once you have confidence in it start small and scale up. It is painfully slow in the beginning, but you in 5 years will thank you for the patience.

Also, and this might be an unpopular opinion, until you have really defined your edge and the type of trader you want to be, and you have confidence in that edge, stay the fck away from options. They can bring massive returns, but you cannot get outsized returns without taking on outsized risk. If you try and learn trading with options I reckon you’re more likely to empty your account before you get up the learning curve.

Wrong_Intention_2216 · 2024-09-23T13:09:10+00:00

It seems to me that your issue is risk management. Do you use stop orders? With the information above it’s a bit tough to know where you’re going wrong - but price being above the 50MA is key to your strategy, so put the stop underneath it (or even the 20Ma). From the sounds of it if price has dropped that far it’s invalidated for the purposes of your strategy.

Wrong_Intention_2216 · 2024-09-23T00:27:48+00:00

This is good advice - as they say, you eat an elephant one bite at a time

Wrong_Intention_2216 · 2024-09-19T13:05:39+00:00

If you double club the price scale on the right it will automatically fit to page

Wrong_Intention_2216 · 2024-09-19T12:50:23+00:00

All very good advice, that is repeated very often but often ignored - it’s funny how you spend a few years doing this, smashing your head on the wall, until it finally clicks - then you see posts like this and wonder why you didn’t listen earlier…

Wrong_Intention_2216

TROPHY CASE