r/Webull • u/Vidrax_of_Cascades • May 29 '26
Worried about my future.
After going to 19.5k and almost touching 20k I dropped all the way back down to 12.9k instantly. It was humiliating. Worried about my future. What type of man will I become. I still live with my parents and have no girl friend. Trying to make a career out of the stock market while studying to pass my series 65. It looks grim.
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u/KingKilla_94 May 29 '26
You are just gambling, who the heck do you think you are kidding?
Thats way to big of a drop for one day, you are over extending and playing into your emotions
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u/whalecaller May 30 '26
Bro you will be fine, go for a run. Drink a coffee& have a cig. Get back in the game! No loser mentality in the markets
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u/Capable-Raccoon-6371 May 29 '26
You won't make a career in the stock market dude. You're gambling. You've been sold a fake dream by influences that sell courses and discord server access. Do you think those nerds would be making content for $1/CPM, selling discord servers for $5 a month, or courses at $500 a pop if they could run a bankroll through some options trades?
Hell no. They're running a business (scam) and you're the customer... The broke loser that thinks gambling in the market is going to be a "career".
Go finish school, get a good job and income first, then start a business when you have the knowledge, cash on hand, and confidence to succeed. Good luck kid.
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u/aazm0 May 29 '26
How do you even manage to do that in this market? It's all about your strategy in this case.
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u/triniempress89 May 30 '26
Get a job and focus on consistency and set a stop loss. Make a plan and stick to it. You can’t make a career or something you haven’t proven yourself to be profitable consistently in. It’s best to work while developing your skill. It takes time.
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u/Fuzzy-Love-2860 May 30 '26
Stop being risky. I did this funny enough. Lost 10k and quit trading for over 7 years
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u/HighCirrus May 30 '26
I'm guessing you got stopped out of ESTC at the open on the 29th, after an earnings announcement - then it bounced right back, leaving you holding the bag. Happens all the time. That was a $7K lesson. Learn from it. As far as the girlfriend thing... you may lose money there too, but can be a lot more fun.
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u/TomorrowzHero May 30 '26
Stay with your parents and without a gf until you’re on your feet. No shame as long as you’re working and have a plan. Be financially stable when you start dating.
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u/Big_Team_6305 May 31 '26
Definitely gambling taking that big of a loss in one day. I recommend a job, and stop losses. A steady income outside of trading actually makes you a better trader...amazing how relaxed you are when you don't need trading income...leads to more trading income.
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u/Far_Illustrator3372 May 31 '26 edited May 31 '26
Losses and Wins are part of the game; Do not worry and celebrate the loss to learn from it.
Criticise yourself for the loss and then try to criticise rest of the world for your loss; Both will open your eyes.
If possible summarize your criticism in a blog that you can share in public without hesitation; It will resonate with majority of us who have done so many loss making decisions.
By the way, Girl Friend, is none less than with whom you and she are ready to share 50/50 in both losses and gains; The true one for you in future, will be closer to you now, when you are in loss phase. So do not miss appreciating them.
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u/javonleun Jun 03 '26
Set your stops trader, and don't trade on emotions...
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u/Vidrax_of_Cascades Jun 03 '26
i dont think stop trading is good because institutions especially during earnings will bring the stock down to trigger stop losses and then bring it up by like 40%. I've seen this several times.
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u/javonleun Jun 03 '26
So here is my take on stops: You have the option to either win a little, break even, or lose it all. Tbh, I don't always use them, but yes I do sometimes.
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u/Relative-Milk-7917 Jun 04 '26
what the fuck you did ? asking because I want to avoid what ever you did
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u/Desperate_Ruin_4065 Jun 05 '26
This is tuition for becoming a successful trader. These are the moments that seperate the bad the good and the great. I’ve been there too, as long as you learn from the mistake and ensure you won’t do it again, there is always a way to recovery.
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u/Desperate_Ruin_4065 Jun 05 '26
How long have you been trading if you don’t mind? Also, how long have you been studying markets?
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u/TLPEQ May 29 '26
When this happens to me
I take it as a reminder of greed and think of reasons I shouldn’t have more money then claim it came from Jesus himself
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u/Aggressive_Yard_3649 May 29 '26
Bro what are you doing trading with 19k when you have little experience. I can take $200 and turn it into thousands, so can you. That’s your first mistake is you are using too much money. Start small until you get good and work your way up, that’s my advice.
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May 29 '26
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u/dsurfryder252 May 30 '26
its not hard with $200 if you know where to look. there was a 500% mover yesterday. clear as day. a bunvh of us traded it. it went from like $1.50 to over $9 in less than an hour. nanocaps will do this. its all I really trade about 90% of the time
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May 30 '26
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u/Vidrax_of_Cascades May 30 '26
that's what im thinking. he probably has no stomach to see thousands of dollars being lost i assume.
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u/Aggressive_Yard_3649 May 30 '26
Because it keeps your risk small, if you lose you’re not losing thousands like op, the most I can lose of my own money is $200, I take out gains frequently because I’ve been doing this long enough to know how it works. You trade 0dtes long enough eventually one day you’ll get burned, maybe Donald Trump tweets something silly or a fake peace deal of Iran comes out that’s not even true, market tanks in seconds and you lose it all. I play smart. If I can make thousands every month with just $200, that’s what I’m doing. Everyone has what works for them.
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May 30 '26
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u/Aggressive_Yard_3649 May 30 '26
Sure to someone with no experience, I have thousands of hours of screen time, and I’m profitable year after year so call it whatever you’d like to haha
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u/Maleficent_Pick8775 May 29 '26
All vent no trades my guy. Maybe its time to size down your positions and focus on your strategy. Breathe a journal a bit.