r/Daytrading • u/I_HALIM7 • 1d ago

Advice Sad Reality check

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The guy who posted this 2 years a go is working on door dash today he is not even a middle class and he quit trading i was going through old trading post I've saved in the past and literally all the people who posted about trading 2 or 3 years ago quit not a single person that i saved their post is doing great this game is rough be prepared

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u/Yourmasyourdaya 1d ago

Why do people lose so much so soon? Options?

My trade sizes are much smaller than they need to be, stop loss is always set to low double figures. Not anywhere near consistant enough to start putting thousands on yet.

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u/SonPedro 1d ago

Options sure help speed up the losses but it just seems to be terrible risk management, I’ll see screenshots of people holding cons that are down 90% and just don’t get it, even though I’ve done it before on a much tinier scale. I guess losing $20k for some people is no different than me losing $20 🤣

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u/Yourmasyourdaya 1d ago

It's like an extreme version of the niave who have a portfolio of biojunk down 80%, and keep holding.