I know this isn’t exactly an advice and I feel extremely sorry for the individual who just posted this on another forum, but this is what we can all learn from:
" Today, I lost my savings and my career
Before I start i know this will be downvoted to oblivion. I just want to post it here because i have nobody else to talk to. For the past few days I have been rage trading trying to recover from an almost 20k loss. I struggle with severe clinical depression due to a lot of other ■■■■ going on in my life which clouded my judgement. I was stuck in a losing position on gbp,i expected a heavy drop after the vote results. I saw an opportunity to make back the 20k and much more in a few minutes if the vote went my way and I added more to the losing trade, a horribly stupid ■■■■■■■ idea now that i think about it. It obviously did not drop. I was pushed into a loss even greater than I had before. While this wouldn’t have been much of a problem as i had plenty of equity left(i trade(d) for a living), it shot up even harder and the gap skipped over my stoploss completely and margin called me. I saw my life drastically change in a matter of seconds. I have 3 dollars left in my account. i have no way of paying for rent, car insurance, car payments, phone, and a large amount of hospital bills and any other possible expenses , all the time i spent building that account from the ground up, blood, sweat, sleepless nights, extreme stress, all gone in 20 seconds, along with it went my career and savings. I have to face the possibility that i may be evicted within 2 weeks and have most of everything i lease repossessed. Life was ok 2 hours ago. Now there’s a good chance i will be homeless soon. I don’t know why im posting this. i just want you guys to be careful. please don’t do the stupid ■■■■ i did, please trade smart. please dont be greedy and take what you have for granted because it can be gone at any second .have a good day everyone and i wish you guys the best of luck on your trading journey."