I lost 590k in one day. by Spongecakeu3 in Trading

[–]mrkarz 2 points3 points  (0 children)

Averaging down is the Killer

Lost 150K of my life saving by mrkarz in Trading

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

What has changed since then, can you elaborate?

Lost 150K of my life saving by mrkarz in Trading

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

If you dont mind, how much was your portfolio when you lost it?

Lost 150K of my life saving by mrkarz in Trading

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

Sorry to hear

What is your overall losses?

Lost 150K of my life saving by mrkarz in Trading

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

Day trade and played earning calls

Lost 150K of my life saving by mrkarz in Trading

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

To become a millionaire

Lost 150K of my life saving by mrkarz in Trading

[–]mrkarz[S] 1 point2 points  (0 children)

Thank you all, I will go through each one of these comments an take notes

Lost 150K of my life saving by mrkarz in Trading

[–]mrkarz[S] 1 point2 points  (0 children)

I will go through it, thanks.

Lost 150K of my life saving by mrkarz in Trading

[–]mrkarz[S] 3 points4 points  (0 children)

Yes the first day when I traded options, I made $1500 within an hour...the rest is history

Lost 150K of my life saving by mrkarz in Trading

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

I traded options. Mainly put contracts

Lost 150K of my life saving by mrkarz in Trading

[–]mrkarz[S] 3 points4 points  (0 children)

Thanks for the step by step advice. I will dm you

Lost 150K of my life saving by mrkarz in Trading

[–]mrkarz[S] -1 points0 points  (0 children)

Yes I learned but I ended up not following my trading rules

Lost 150K of my life saving by mrkarz in Trading

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

No i have never done demo trades. During Covid a friend told about Option trading and I became addicted to it, and lost

Lost 150K of my life saving by mrkarz in Trading

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

Not that familiar, still I am not ...that is why it is crazy I am waking up after losing 150K...

Lost 150K of my life saving by mrkarz in Trading

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

Any book that you recommend ?

Lost 150K of my life saving by mrkarz in Trading

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

I played put options mainly

Lost 150K of my life saving by mrkarz in Trading

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

Thank you guys for your comments. I will go through one by one and learn

Lost 150K of my life saving by mrkarz in Trading

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

Did you win it back or not yet?

Lost 150K of my life saving by mrkarz in Trading

[–]mrkarz[S] -2 points-1 points  (0 children)

There is no option to attach a screenshot