A bit of a long post but here it goes. I’m 21 and started options trading a few months ago back around June. I got introduced when I had saved up my first $2000 and placed it in my savings. However, an addiction soon began and I wanted to grow this money. I live in New York where everything is expensive and opportunities can be low paying.
Fast forward and suddenly I’m spending all my hard earned money on trading and losing of course, I’m suddenly behind on rent, I’m barely able to afford groceries and as I write this I’m technically homeless as I had to leave my apartment and come back to my parents house in another state and travel back to New York for my job each week.
Honestly, there are days I wish I never got into trading or investing. I wasn’t forced to do this but I saw a way out of poverty, even if it was an extra $200 a week but because I didn’t spend time learning the fundamentals I threw away money i poured my blood, sweat and tears into and honestly it hurts.
It hurts seeing the massive effortless gains some of the people share on here while I am left with $0 in my account due to an addiction that started to spread slowly. I also gained a mentor, someone who worked on Wall Street but he was so self absorbed and would never show concern after I explained I kept losing, he would just enter these long rants and now that I’m down to $0, he won’t even talk to me.
The worst part is the shame, my mother is confused why I have no money since I’ve been working and I can’t tell her that I lost it trying to make more. I’ve ruined my life for now and it hurts knowing this is truly all my fault.
I can’t even afford my bus ticket to head to work tomorrow.
I just wanted to get this off my chest, I know I’ll get the “no crying in the casino” memes but I wanted to share this for anyone else who might have felt the pain of trying to learn something new, it hurts man. I know it hurts and I don’t know what to do anymore. What can I do? How can I even find the money to go to work tomorrow?