Hi I trade stocks and options but have had a series of losers lately. Losses so bad that they wiped out my gains .... But in my case I decided to quit about 1 week ago FOR GOOD and to learn computer programming instead.
Hey Mate . i hope you are doing well , i am not a super star trader either , but i am not a loser , i can get some profit and i am still working on myself to better . some points that i found in your comment and i can talk about them a little maybe that would help you Bro .
1- you said you lost all your last year gain in just some trades . this is absolutely showing that your money management has some problems and you must work on this area of your trading . trust me , money mangement is more than just put 1% or 2 % in every trade , that is just textbook . there is a hell of a lot more to learn in this area .
2- If you have invested so many time in learning technical analysis and trading , it is absolutely wrong to just let go of all those hard work and quit . Mate , dont act emotionaly , this is about your life , this is one of those important decisions that will have a huge impact on your life . in my opinion , dont give up , and dont let all those time be useless , instead , take a little break . forget about trading for a while , and do whatever you want . then come back but not like before , be a swing trader . you can have a job while being a swing trader . it mean you trade 1 or 2 trades per month . this is very profitable also . you work on higher timeframes . at the end of this comment ill give you a good source to learn all these things and a lot more . the guy is dong a free job on youtube . he is a good guy , he is not my relative or someone i know . im not advertising at all .
3- you said you got stopped out and then the stock shot to the moon . that is one of the hard things that happens in trading . it shows something is wrong in your trading , maybe your stop is too tight , maybe you enter too soon ,your timing is wrong , anyway , you just need to study more , the one problem that all trader has is that they spend so much time trading and not studying . there are a lot of things to learn in trading .
All the traders , great ones or ordinary ones , had to go for a break from trading for some time . they decide to let go and quit at first and then came back , with more power . i read this in a trading book .
so dont be emotionaly down mate . every trader has to go through this phase in order to be successful . i quited trading 2 times . i never wanted to come back but here i am now , still trading
i hope this comment helps , sorry for my weak English , its not my first language
The source for learning all those stuff on youtube is the channel : UKSPREADBETTING
the guys name is Mark and he is absolutely one of the best , ive learnt a lot from him . ive watched over 800 videos of this channel
Good luck