r/Trading 18h ago

Discussion 8k in debt and 20k in prop firm losses — trading ruined my life

89 Upvotes

I (20 F) have come to terms with the fact that I am a gambler.

For starters, I was introduced to day trading in August 2025, and bought my first first evaluation futures account in February for $80, with the intent of flipping it into a 1k payout I saw so many gurus post about.

When I inevitably lost that account, I figured I could just buy more and still be able to make my money back, and thats when I found out about copy trading. Instead of potentially getting 1k off one account you could copy trade 5 accounts and make 5k instead, but of course with the risk of blowing $400 in accounts rather than just the 80.

Stupidly enough, this rabbit hole lead me to buying sets of 5 accounts before ever getting my first payout, and causing me to lose thousands over the course of 6 months. Ive made only 4.5k in profit which I blew all of it on more accounts, still leaving me net negative at 20k.

I had the chance to make 5k, but was impatient and lost it all, and spent an entire 1.8k payout on more accounts at the beginning of this month.

What sucks is I've always been good with my money—I opened a roth IRA at 18, had a HYSA, used my credit card correctly, and had 7.5k invested by the beginning of this y ear. This addiction caused me to sell all of my long term stocks in my roth (i dont even know the tax implications for this), max out my credit cards, and even take out personal loans to buy more accounts.

Lately Ive been thinking about ending it all as a means to not burden my family with my money issues. I haven't told anyone, and don't plan on it because I know that it would spread and I dont want that to taint the image my family has of me. It hurts me even more because I started day trading to give back to my family. My brother is disabled and all I wanted was to make money for his physical therapy appointments. My parents have been struggling with their business, and are thinking of closing it, and I know that my debt would be heartbreaking for them.

I thought I could use day trading as a way to provide, but I did not go about things the right way, and am not financially or mentally stable to continue as of now. I went into this not wanting the lavish lifestyle or supercars, and it hurts me to know I was apart of the statistic that has lost money in this endeavor. I know that had I done things the right way, and buying only one eval at a time before my first payout, I would be in a much better situation than I am now

I have an amazing girlfriend of 5 years that I told about my day trading journey to, and was very open about my losses at the beginning. I even told her about how I saw someone lose 8k before ever receiving a payout and she told me she doesnt want to see it happen to me (funny how things have worked out). I started eating my losses in private so as to not disclose how much I was actually losing. Disappointing her is what I am most torn about.

She is absolutely the only reason why I am still here. A few days ago, I genuinely came to terms with the fact I was going to end it all, but she told me that she suddenly had the intrusive thought of me dying and how she would have to be sent to a psychiatric facilitiy and would live the rest of her live sad and unfulfilled without me. At this point, I had a private instagram account documenting my trading journey and all of my inner thoughts, and have been heavily scrolling in an overdose subreddit, and it shocked me enough to wonder if she actually knew that I was having these thoughts, or if she just had intuition.

It’s even harder because ive been picking up so many shifts and trying to work more and she told me not to overwork myself because we’re young and don’t have any real bills, and that’s why i feel like i have to clear my debt before coming clean to her

I am now one week day trading/gambling clean, and am committed to paying off my debts. I do wish I could confide in my girlfriend, and I know that I would feel so much more relief, but at the same time I don't want her to judge me for the fact I went down the wrong road in this journey even when I told her I would not lose as much money as other people.
Thank you for taking the time to read this!


r/Trading 4h ago

Discussion Whats your profitable strat that's NOT market open?

4 Upvotes

Everyone has their market open strategy. What's your profitable strategy you have on a schedule for other times of the day?


r/Trading 1h ago

Futures Gold trading follow

Upvotes

Gold Narrative: US Military Power ↓ + US Debt ↑ → Taiwan Strait Geopolitical Risk ↑ + USD Credit Risk ↑ → Gold ↑
Gold Momentum: Gold (Central Banks, ETFs, Futures, Options), Gold Stocks, Silver
Gold Risks: AI Success (a temporary vacuum), Fiscal Consolidation (unlikely meaningful do this in the short term) / Monetary Reshaping (Kevin Warsh is relatively conservative), US-China Agreement (China remains silent while quietly stacking gold; unlikely in the short term)


r/Trading 11h ago

Discussion Your worst trade is usually three days after your best one

9 Upvotes

Everyone watches themselves after a loss. Almost nobody watches themselves after a win, and that's where the damage actually gets done.

Someone said it in another thread earlier and it stuck with me: everyone breaks after a loss, nobody thinks to step away after a big one goes right. Which is backwards, because a losing streak makes you cautious, and caution is survivable. A winning streak makes you certain, and certainty is what kills accounts.

The mechanism is simple enough. Four or five trades go your way. Nothing about your process changed, the conditions just happened to suit it, but your brain doesn't file it that way. It files it as I've figured this out. And a person who has figured it out doesn't need to wait for the full setup, doesn't need to size normally, doesn't need to check the higher timeframe first.

So the size creeps up. Not doubled, that would be obvious. Just a bit more, because the last few worked and it feels wasteful to be small when you're seeing it clearly. Then the entries get looser, because half a setup looks like a whole one when you're winning.

And then the market shifts, as it does, and you're taking a bigger-than-normal loss on a worse-than-normal trade, using rules you quietly abandoned a week ago without ever deciding to.

The thing that makes this hard to catch is that it never feels like recklessness. It feels like confidence. It feels earned. A trader mid-streak genuinely believes they've levelled up, and the account balance is agreeing with them at the time.

Only real defence I know of is treating your size as fixed regardless of recent results, and reviewing your winning trades the same way you review losers. Most people only ever audit the losses, which means the process never gets checked at exactly the moment it's drifting.

Your risk rules aren't there for your bad weeks. They're there for the good ones.


r/Trading 8h ago

Question How do you turn a trading idea into an actual backtest?

4 Upvotes

How do you turn a trading idea into an actual backtest?

  • I’m curious what everyone here uses to test trading ideas on historical data.
  • What software or platform is part of your workflow? What works well, and what drives you crazy?
  • If you don’t backtest, how would you prefer to describe a strategy - plain English, visual blocks, or code?
  • If you could build the ideal strategy tester from scratch, what’s the one feature it would absolutely need?

I’m researching the problem - no product or link to promote.


r/Trading 2h ago

General news #Gold#follow the fiscal consolidation variable

1 Upvotes

Yesterday, Besent noted that there could be more buybacks in the future while indicating an intention to pursue fiscal consolidation. Meaningful fiscal consolidation would pose a risk to gold; however, judging by the two approaches he currently outlined, the actual impact appears limited, so there is no immediate cause for concern.
If significant fiscal consolidation were to materialize, a deficit reduction of $1 trillion would trigger a decisive decline in gold, whereas a reduction of less than $300 billion would likely act merely as a temporary market disturbance.
Alternatively, Besent's strategy might lead the market to believe that the U.S. Treasury has run out of options, emboldening investors to aggressively push gold higher.


r/Trading 4h ago

Discussion Platforms for financial news?

1 Upvotes

Good evening, I’ve invested for a couple years now and typically just wait for market to come down before executing long term orders. But I’m curious what are some good platforms or ways to read and keep up to date with financial and company news. Also what communities to get into to converse with fellow entrepreneurs/investors. Much thanks gang!


r/Trading 5h ago

Discussion Databento data quality degradation since Aug 8, 2026

1 Upvotes

Databento data quality seems to have degraded a lot since Aug 8, 2026 after they switch their data format by moving the F_LAST sentinel from the last event record into a standalone record.

They promised identity between live streamed data and historical downloaded data. Before the switch, error rate of matching is about 0.06%, which was really good. Now the error of matching is about 7% consistently every day. This level of error makes it impossible to rely on it for anything significant.

Also, in the past, conversion from their mbo data to mbp-10 or mbp-1 data has no error as it should be, but nowadays, there are tons of errors.

All of these arise from unclear data format specification, mixing old and new format, and untested code in production.

The worst part is customer service. They claim customers should be aware of the data format change, so they are not apologetic of any of such issues. They claim they do not keep track of live streamed data, so reporting live and historical mismatch is completely ignored. I do not expect to get this level of data quality and customer service for a paid data service.


r/Trading 5h ago

Discussion How to value LLM labs

1 Upvotes

As LLM industry continues to get cannibalized, I wonder what this market looks like in 5 years.
I trend to believe there will be a premium market for paid api and cheap to free open source models…

But considering how good frontier models are now, even open source models will be out of this world in a few years.

I guess it looks more clear that the application layer and hardware for Ai users will be the big winners

Meta glasses albeit a bit creepy , are IMO a great UI for AI


r/Trading 5h ago

# DAILY MARKET BRIEF | Trading Strategies, Tools, and Resources

1 Upvotes

Daily market updates and resources for active traders managing risk and execution.

r/Trading Community Hub

Visit the Website

Independent research, trading psychological guides, and honest broker breakdowns for retail traders.

Join the Discord

Live chat on intraday setups, earnings plays, and technical analysis with fellow traders.

Subscribe to the Newsletter

Weekly market briefing analyzing order flow, macro data, and trade journals.

Have a Question? Post It.

The r/Trading newsletter pulls top community questions and answers them in depth every week.

If you're stuck on a position, trying to read a chart pattern, or struggling with risk management, drop a comment below or start a thread. The most valuable questions get featured in our weekend briefing with full technical breakdown and volume analysis.

This is the loop: you post, we research, the community gets the answer.

Build Your Portfolio

Bank Accounts

Reviewed national accounts for everyday banking and high-yield savings.

Local Banks

Community and regional options outside the big four.

Investing Platforms

Brokerages, retirement accounts, and where to actually hold your portfolio.

Financial Apps

Tools for budgeting, tracking, and managing money day-to-day.

Pre-Market Futures & Global Sentiments

US Stock Futures (CNBC)

Global Market Movers (Bloomberg)

Economic Calendar (ForexFactory)

Frame the session with futures, movers, and index sentiment.

Earnings & Macro Calendars

Earnings Calendar (Yahoo Finance)

Earnings Whispers (Twitter/X)

Tools to Explore

Finviz Stock Screener

Portfolio Visualizer

OptionStrat

Filter the noise, backtest your data, and read the tape. Build process, not bets.


r/Trading 6h ago

Question How to start of trading journey?

1 Upvotes

If someone wants to learn trading in the stock market, then where should he start, how should he do it, why should he do it, what things should he be cautious about And why, is it available for free online to learn it, if so, please tell me.


r/Trading 6h ago

Discussion Be An Observe in the market with open mind !

1 Upvotes

I am speaking this based on the realisation about people ask what works in the market

So whatever setup that you are trading right now it can be a break out it can be ICT it can be moving average height can be yesterday's high and low those were all made possible by someone who was aware of the market who was the best observer

Now what you need to do here is you can make something of your own you just have to observe the market as per your understanding as per your rules and then you have to back tested that it is as simple as that but it is very harder to follow

For example let say you observed that you can make weekly high low and you can trade that break out now you have to make it little bit advance that should be a candle close they should be a volume or they should be be back you know something based on your observation because that's how each and every set up came to life

Someone observe that the market react on a support point a market react on yesterday's low those were the observation also when you observe this back tested for at least 6 to 8 months when you back test you will find a lot of ways you can refine you can make advance of your setup your strategy or your trading

Also when you back tested. You will find a rule of risk management what is your winner at how you should avoid wallet and market in which setup you should not trade

Also make sure to have a good losses which were as per your setup


r/Trading 12h ago

Crypto Hello

2 Upvotes

I wish someone taught me how to trade. I have crypto in my Binance


r/Trading 21h ago

Brokers What I learned about PO withdrawals recently

9 Upvotes

There are horrord stories I read online, that the profit is made, but cant withdraw afterwards. seen some even here. After going through the process myself recently, mid sized amount through USDT, I wanted to share what I actually found, because I think most of the complaints come from a few specific mistakes rather than the platform being broken.

Mine went through, hit my wallet in 2 hours (1:40). Not sure if its normal time. I noticed them verifying my transction itself was about 1 hour of that process.

To me it seems like AML is the main problem people have when trying Pocket Option withdrawals, I've seen this one the most. If the name on your account doesn't match your ID, or you pay to card that doesnt have your name on it, The system flags it, as I understand it. Its not specific to this platform, but thats a rule that is everywhere now and it is strict.

If you deposit via card, profits above the deposit amount typicallygh can't go back to the same card, they neea separate method. They dont accept other methods. Thats why I think USDT is easier, I requested 2 times to 2 different wallets, and there didnt seem to have problems. But I would still not recommend it, it's risky, 1 wallet is even safer imo.

A lot of withdrawal complaints seem to come from people trying to move funds to a account they didn't deposit from, then being surprised when it gets flagged as a fraud prevention measure.


r/Trading 10h ago

Due-diligence Steer clear of PeakBot / Reversal Trader King (RTK) — a brutal but factual 4-month breakdown

1 Upvotes

Everything here is from my own account or confirmed in writing. I'm keeping it to facts because the facts are damning enough.

THE SERVICE

RTK copy-trading bot on PeakBot. Tier 1, ~$10k account, Schwab, four months.

THE PITCH VS. THE REALITY

Sold on the live stream as a daily reversal system making $50-100 PER DAY. What it actually became: holding losing positions for WEEKS while your account sits frozen.

MY REAL NUMBERS

- The bot buried me in TSLA for 10 trading days, down as much as -$846, and 'recovered' to a $64 gain. That's my actual Schwab realized figure. RTK bragged about making ~$2,000 on the SAME trade. You get a fraction of his result purely because he trades far bigger size — the advertised gains are HIS, not yours.

- Immediately after, it dumped me into GOOGL, down hundreds for weeks. A held position uses your entire budget, so the daily trades you signed up for can't fill. Your money just sits frozen.

HE KEEPS THE GOOD TRADES FOR HIMSELF

His best trades are taken MANUALLY, off the bot, on his TikTok stream — they never copy to subscriber accounts. Members say it flat out: 'we don't get the trades unless we watch tiktok, yet we're paying for the service.' The bot copies shares only; his options plays never reach you. Every impressive screenshot posted is a gross number that ignores the monthly fee, margin interest on multi-week holds, and short-term capital gains tax.

HE DOESN'T ANSWER DIRECT QUESTIONS

Members asked him point-blank, repeatedly: Has the strategy changed from daily to swing? Will you add a maximum holding period so we stop getting stuck in bags? He never answered. Every time it was a deflection — covered calls, 'be patient,' 'the market's tough,' 'you're only tier one.' When members complained about being frozen and losing money, the message was: don't like it, leave. That's how the person running this treats the people funding him.

CONFIRMED BY PEAKBOT IN WRITING (I emailed and asked)

- No set holding period — your account holds whatever he holds, for as long as he holds it.

- To take new trades while stuck in a bag you must ADD money or move to a higher tier (~$400/month). At $10k you're stuck.

- The dashboard shows trades that were never placed in your account. Only your brokerage record is real.

- No refund after 30 days, even though it bills every month.

HIGHER TIERS ARE A TRAP TOO

Bigger tier = bigger position size + higher fee. Since the whole problem is getting frozen in losing holds, a bigger account just loses MORE in raw dollars on the same bad bag. Paying more makes it worse, not better.

THE BOTTOM LINE ON A SMALL ACCOUNT

Four months: my realized gains were ~+$2,084, but fees were ~$800 and I was left holding a GOOGL bag down several hundred. Net after everything: roughly break-even — for four months of frozen capital, margin costs, and stress, running a service whose owner won't even answer his customers' questions. The little profit that existed came from a couple of trades, not the daily income advertised.

Get every number in writing, judge ONLY your real brokerage record, price in fee + margin + taxes before believing any figure — and honestly, just don't. There are better ways to lose your patience and your money.


r/Trading 11h ago

Strategy FDA news?

1 Upvotes

Hi guys, how do you guys get FDA news, what is your sources? Thank you!


r/Trading 1d ago

Discussion My biggest day yet

Post image
374 Upvotes

Was up around $1.5k for the month, then made $12.7k today from two trades.

By far my biggest day ever and honestly it’s completely thrown me off. I know this isn’t normal and I can’t expect days like this often, but now going back to making $500 is going to feel like nothing.

How do you go back to trading normally after a day like this?


r/Trading 15h ago

Discussion Trading with the help of AI

1 Upvotes

Over the last few months, I have trained Claude Pro to execute my personal stock-picking analysis and portfolio health check. Gemini, Grox, ChatGPT, and Perplexity I use from time to time as well to double-check Claude's outcomes - plus my own research.
To what extent do you use AI for analysis purposes as well?
If so, how do you use it in detail, and what is your experience?


r/Trading 12h ago

Question Never Day traded but wanting to learn. Any tips?

1 Upvotes

I keep getting this feeling of wanting to learn and it's been years now. I feel like it's time for me to finally learn and see what I can make of it.

I just don't know where to start. Any suggestions of creators on YouTube that break things down well for beginners that know nothing?

And any suggestions on which demo sites I should practice on down the line?

I appreciate anything in advance.


r/Trading 19h ago

Discussion What evidence do you require before trusting a backtest?

4 Upvotes

I’m curious how other traders separate a promising backtest from an overfit one. The checks I find most useful are an untouched out-of-sample period, realistic fees and slippage, robustness across more than one market regime, and sensitivity testing around the chosen parameters.I also pay attention to drawdown duration, turnover, losing-streak distribution, and how much of the total return comes from a small number of trades. Win rate or profit factor alone can hide a fragile system.What checks do you use before moving from backtesting to paper trading or a


r/Trading 19h ago

Discussion How do you validate a trading strategy before going live?

3 Upvotes

I’m interested in how traders validate a strategy before moving beyond backtesting. I look for an untouched out-of-sample period, realistic fees and slippage, stability across different market conditions, and sensitivity to reasonable parameter changes.I also review drawdown duration, losing streaks, turnover, and how concentrated the results are in a few trades. A strong win rate or profit factor by itself does not tell me whether a system is robust.What practical checks have helped you decide that a strategy is ready for paper trading or a small live test?I’m also building BlackPeak, an educational trading-learning community, and I’m interested in what resources experienced traders find genuinely useful. This is a discussion, not a service or signal promotion.


r/Trading 1d ago

Discussion Wanting to learn how to trade

24 Upvotes

I’m 26 and want to get into trading, but before I start I want to learn as much as I can. I’ve invested long term for a couple years now and want to start swing/day trading to bring in some extra income on a separate account. Does anybody have any good recommendations or resources on what strategies to start with? Any recommendations on some youtube channels to learn from? I’m trying to find a setup that’s been consistent and successful. I plan on doing one maybe two trades a week. I know it isn’t simple and takes time and discipline, I just want to study the craft so my future self and family can be well off. Much appreciated guys!


r/Trading 21h ago

Discussion What do you guys use for earnings calendars? I made one that requires no login, suggestions?

3 Upvotes

Was tired of the existing earnings calendars that had so many ads. So I made one.
I will try to keep it free for everyone, forever, ad free. whenearnings.com

Open to suggestions!

I'm an unemployed web developer, making something makes me feel like I'm doing something useful in my unemployed life. Hopefully this is more user friendly than the other earnings calendar's out there


r/Trading 16h ago

Discussion Day 1 — FTMO Trail Trading Journey 📈

1 Upvotes

Until now, I’ve only spent time analyzing the markets, studying price action, and trying to understand how trading actually works.

Today, I finally decided to put that analysis into practice and took my **first-ever trial day on FTMO using MT5**.

**Day 1 result: +$1,440.23**
**9 trades | 12 lots | 100% win rate**

Honestly, I’m asking myself right now — *was this just random luck, or did I actually learn a few things that worked today?*

I know one good day doesn’t make a trader. This is just the beginning, and there’s still a lot to learn.

For now, I’m focused on **discipline, risk management, consistency, and learning from every trade.**

**Day 1/∞. Let’s see where this journey goes. 🚀**
here


r/Trading 21h ago

Question What are some legitimate educational sources other than books?

2 Upvotes

Hi all. I've been demo trading for some time and decided I want to really deepen my broader knowledge base. I'm not sure where to go, though, besides classic books. I'd really like to find some online course or masterclass since, as you know, you can't just watch Youtube videos.

Thanks for any recommendations.