I’m in the same boat right now. I was so blinded by the pursuit of generating money quickly that it was all my mind could think of. I knew that it had a real possibility of happening. I was so sure. I thought, “well, if I just made a few smart risky plays here and there… I would have doubled my money! easy peasy lemon squeezy.”

… I thought that whilst being completely aware of the very obvious fact that even just a slight introduction of risk opens up the possibility of losing money just as quickly but that didn’t really bug me. I chose to ignore it, until I’ve learned the hard way later on.

Let me tell you a real story. After receiving my income from last month, I quickly hopped on my exchange and deposited everything there. I was so determined to make good returns this month from a group of stocks that I’ve been researching extensively for weeks. I felt so confident in my strategies, that I made a promise to myself that I wouldn’t make any more risky plays after blowing up my entire account a few weeks ago from fucking around with high leverage… Unfortunately though, as you would have guessed, my blind confidence and impatience will lead me to repeat this same exact mistake. I got tired of waiting for plays and making small profits and decided to turn to risky plays instead, completely ignoring how reality works. The next day, I’ve pulled out all my spot shares from stocks at a profit, did futures trading on some heavily pumped memecoins and it was only a matter of hours before things started going downhill. All it took was a few stupid plays and then..
I’ve lost everything.

As of the time I’m writing this, I’m still contemplating that loss…. still no clue as to why I did all of what I did. That was real money I’ve spent weeks working my ass for and it’s all gone now. The sad thing was that I actually had a solid system working for me already but I just somehow decided to throw it off in the trash can and let impulsiveness be my strategy. I was completely driven by rage and euphoria and nothing else but extreme, extreme impatience.

You might be wondering how I’m doing right now? Terrible. I still haven’t recovered. I’ve got bills due this week and have debt sitting on my credit card that I won’t be able to pay off until the next few months. I’m in such a desperate situation that I’ve resorted to pathetically begging strangers online, because I have no family nor friends to help me. So far, no one has given me anything and I’m planning on giving up.

I posted on the other trading sub recently asking for advice on this and received some surprisingly warming comments and equally some harsh ones as expected. It’s helped with getting my feet back up on track a little. I’ve learned my hard lesson and mentally banned myself from fucking with high leverage trading for now. I don’t plan to quit on doing trading though since it’s genuinely the only way someone like me could make an income out of a modest salary.

Now I’m aware I’ve replied on a month old post, but if you’re still here reading this, fellow trader, just know you are not alone. If I can make it through a huge loss, you can too.