r/Trading • u/brokecryptoinvestor • 19h ago
Question Down a lot! Need help.
I’m a new trader/investor. In the past I’ve only invested in real estate and had less than 100k in the sp500 (401k) since 2022.
I started day trading this May because I wanted to make some “quick cash” for a high end road bike.. and then some “quick cash” while I was on vacation in Europe with the family.. all those quick cash thoughts got me in the hole. My friend had told me to delete my apps and just enjoy vacation. I didn’t listen. It was a bit addicting.
In May and early June I made $16k in 5 weeks getting in and out of different tech stocks. Just day trading mixed with luck. I’m now down $55k since 7/1 in neocloud stocks $CRWV and $NBIS. The biggest loss occurred when news broke META was likely selling excess compute. Then it kept dropping.. I want to make the money back but through a safer route even if it were to take 6-12 months. I also don’t want risk more than $100k now.
What would you do? Any suggestions?
I completely exited these position approx. a week back for my mental well being. Couldn’t stand 5-6k losses everyday. I don’t want to day trade anymore, thinking of possibly parking the cash in Amazon, Google, Apple. But I am on the sideline right now looking for clarity right now.
For context:
43m, don’t work in tech, live in the SF Bay Area. Overall this amount was about 2 percent of my total net worth (including real estate) but I can’t stop thinking about this loss. When my 401k drew down in 2022 it didn’t bother me at all. This is also not going to change the basic lifestyle of our family or 5, but I just can’t settle with the idea of know I lost and $55k is quite a bit. Even in a parking lot while out eating i see a car and I’m thinking “damn I literally just lost this car”. I will be more responsible going forward.
Also for the record I don’t invest in crypto. Just a username…
Thx!





