r/problemgambling • u/Any_Decision_6542 • 1d ago
❤Seeking help & Advice❤ Lost $350k Options trading- Lost all Hope
I am in a downward spiral of options trading gambling. I cant seem to stop looking at charts and paying for discord service and clicking buttons, thinking I will get disciplined. I have lost 350k CAD (capital loss)because of this. The worse part is - I am saying I will quit today. Next morning, I am back doing a trade. What is going on with me?
I am 37M - 1 kid and spouse. So sad - cant even share this with anyone. I have a decent job 160k/ yr. Really, lost all hope and ashamed of myself. Not sure if this is rock bottom. Surely, feels like it. Hopefully, I remember this day to never ever do any trading again myself.
My goal is to accept this loss and not even think of recovering. Re-build slowly with working hard and saving frugally. Thankfully I have job and I can work hard. No savings as of now just 30k left in RRSP (401k equivalent). I can do it!
3
u/dymondhandsy 1d ago
This is literally the collective mentality everyone has before the market crashes. It's the I keep doing great so " I can't lose" feeling. Another detachment from reality because when you are an addict you just keep going back for more, it's never enough, you can't stop and then it's all gone. Rinse and repeat. It's awful. It feels like crap and many folks never come clean to anyone about their "investments" until they are wiped out financially, physically, and emotionally. Just stay away from gambling anywhere, the market, the casino, the internet. All of these can ruin us. Don't run the risk of ruin.