So I’m a bartender fresh out of uni I’m taking a year out before I finish the degree, this month was my first paycheck after clearing all of my debt and I was paid about £1700, I put it all into a US500 short at $4275, 7 points.
I’m now about -£870 and only have myself to blame to be honest.
My Dad trades consistently and makes consistent profits with a yearly return rate of 1.42 some months as high as 4.0.
I decided to copy him and as soon as I do, for the first time in months he goes massively negative.
I’m still in on the trade but I think I’ll cut my losses and lose pretty much 60%, over half of my paycheck.
Lesson learnt, I’m only 21 so I had to mess up to understand I think that’s how I learn best.
Just posted to get it off my chest as I’m not really sure how to process it. It’s essentially 80 hours of my work gone. And it’s money that I worked really hard for.
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