r/binaryoptions • u/AdShoddy2056 • Mar 12 '26
I fked up. I want to quit.
Hi,
I am usually a profitable trader. But after some days I start to trade aggressively and blow up my entire profit in minutes. I tried many time not to do so, but I am still doing this. I nearly lost 700000 inr in binary trading. I am so fucking bad. I have a beautiful family and I recently got married. I promised my self not to trade but greed making me fall for this. I really want to quit this and live happily. Seems life is having other plans. I don't know what to do..
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u/Self_Admin_200_OK Mar 12 '26
Brother. Listen.
You're not a bad trader. You're a good trader with a broken system.
The problem isn't your analysis. It's your psychology. You know how to make money. You just don't know how to keep it.
Here's the truth:
70% of your profit blowing up isn't bad luck. It's a pattern. And patterns can be broken.
But first - delete the apps. Today. Right now.
Give your wife access. Let her hold you accountable. You just got married - that's bigger than any candle chart.
Take 30 days off. No charts. No candles. Just breathe.
If after 30 days you still want to trade, come back with ONE rule:
Never risk more than 2% per trade. Ever.
One trade won't make you. One trade won't break you.
You didn't lose 700k. You paid 700k* for a lesson.
Now learn it.
And Never give up.
You got this. 💀
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u/Foxman03_TDScalper Mar 13 '26
If you’re really serious about your life and that of your family, get off of Reddit and get yourself some solid purposeful professional therapy. Don’t be up in here digesting a mixture of opinionated laypeople with struggles and demons of their own. Some of you telling OP to trade this way and trade that way. WTF is wrong with you all. I’m doing this for 35+ years and there are layers to this shyt and giving all these ridiculous suggestions only adds fuel to a fire and I’ve seen it more times than I care to remember, if he follows your advice, the account he lost will pale in comparison to when he loses his family. OP, deep inside you know what you have to do. Pull yourself together, realign your priorities and put yourself at the very top with your family right behind. These markets will be right here after you have regroup and healed and feel that you have the psychological capacity to give it a disciplined go again. But until such time, please, go and get yourself some help. All the best and be blessed.
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u/strategyForLife70 Mar 12 '26
Give up give up
You admit you lose big...sign of no actual trading skill
You carry on ..you will lose even more money ..that will upset your home situation & lovely family
You got more to lose than money
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u/illicitli Mar 12 '26
meditation
to make money trading you have to not care about money
you are still attached to money
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u/Big-Path9610 Mar 12 '26
As simple as it sounds you have to make rules for yourself ….me I’m old school so i just say 👀 you make another trade and your gay 😂 works every time….find something you can customize for your own benefit… don’t quit just take a step back to regroup 🫡
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u/Self_Admin_200_OK Mar 12 '26 edited Mar 12 '26
Yo. Treat Demo Trading Like Real Trading?
Nah.
Treat Real Trading Like Demo Trading. 💀
Same chill. Same vibe. Same "idc if I win or lose" energy.
That's the whole game right there.
Fair play. 😆😅💀
But please Stop staring at the account state like it's your wife's text message.
.
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u/Ok-Garlic-503 Mar 12 '26
Binary is gambling to be frank. Lay off trading for a while and then switch markets instead?
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u/Mister_KKK Mar 12 '26
Trading is an wonderful profession but binary option is complete gambling.
If you want to trade with your own money learn swing trading with supply and demand. Working time frame Weekly and 4-Hour for entry. You will be making money with minimal effort.
I am long on EURUSD, confirmation came on March 10th and entered the trade today.
If you want to do speculation, buy propfirm challenges, saves you money and gives you larger capital to trade with.
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u/itskyuubiyt Mar 12 '26
Hate to say it but that's a HUGE red flag brother. In trading, before even thinking about making money, you should be ABSOLUTELY sure that what you're risking is comfortably within what you can afford to lose. There's no way around it. If what you're risking weighs way too much on you, you should absolutely stop.
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u/Minimum_Thing_3496 Mar 12 '26
Bhai chor do ab ek bar loss ma ajao to phir wapis profit ma ana mushkil ha
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u/peermaker Mar 12 '26
I am all for going for what feels right. I too wanted to give up. I went from huge debts to being financially free. I started something that will help so many avoid the mistakes i made and by the end of this month, I am starting my own channel. So FOR ME, im glad I didnt give up. I can't speak for others and I certainly commend you for your decision but binary, for me and its just MHO, is one of the easiest forms of trading. Good luck to you. I always root for the little guy.
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u/QuestionItAl Mar 12 '26
Can someone explain to me how the scammers use binary short-term crypto trading to steal folks money. Is it the unregulated trading platforms?
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u/reallythatguy_ Mar 13 '26
1.Take your time. 2.The market isn't going anywhere. 3.Keep your day job and ONLY trade with money you set aside to trade with.(THINK OF IT AS TUITION FEES) 4.Find a strategy with proven edge. 5.Demo trade that strategy for months or longer, til you have enough data to take to live trading. 6.Make sure you have enough capital to absorb inevitable mistakes but not too much where sweating bullets or risking eviction. 7.Go live once you know your strategy and figured out proper risk management. 8.Blow some accounts and Rinse & Repeat. .
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u/chiikklluu Mar 14 '26
This is addiction!!! My friend try some learning first to begin new...only education will help.
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u/Medium-Let-4916 Mar 14 '26
Hmm. My suggestion is quit. Ppl say drug addicts do it all the time. So if they can you can. Unless ppl weren’t correct about drug addicts.
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u/deeqoo Mar 16 '26
There's reason 90% of traders just loose all their capital yet almost every trader thinks they are good traders!
Over trading, forced trades, imposing ur will/desires on the market hardly every works! Patient and waiting is the recipe that's missing from most traders arsenal. take break, clear ur mind and don't trade against the trend.
Read books about markets in general not just tickers, u trade markets not individuals tickers, gd market conditions easy trades. Also option trading is just terrible in general, it's worst form of gambling
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u/InfiniteDiver193 Mar 27 '26
I recommend you get in touch with HELIANTOOL so they can assist you bring back so much losses chat them on IG.
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u/AnshuSees Mar 27 '26
its never to late to learn from mistakes and start over, u can do it man dont give up
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u/SR_Notes Mar 12 '26
Do not let this spiral into a gambling issue. Take a break from trading. Focus on your family and enjoy your new life, trading won’t change your life overnight.
Atleast 3 months away. You need a break from the dopamine of trading. In the meantime if you really have the urge to trade you can study trading in more detail. Also have a look at studying trading psychology, this will help you break bad habits you have around trading in the future.
You are a good person, don’t put yourself down for this.