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1) he wasn't trading he was gambling on a vote
2) adding to losers is normally not the right thing to do "unless" your entire edge is about this type of trading
3) you have mental issues and should seek help if not then start working on your self,
4) you learned a great lesson on what doesn't work
5) don't trade without some sort of net
6) he forgot the rules to trading
* 1: don't lose money
*2: don't forget rule number 1
-P
"Truth is not what you want it to be; it is what it is, and you must bend to its power or live a lie"-Miyamoto Musashi
If it's to be believed, it sounds more like a new aspiring trader than a "career trader" where it sounds like he built up the account in less than a year. Already in debt, overleveraged, and already at a big loss having failed to cut it off with some trade management, before gambling on more betting everything on a vague guess on fundamentals. If he's young, hopefully he can get through it and return after lessons learned.
The real damage that he did to himself is internal.
When you're in a good place, you can make the money back... but being down just perpetuates himself. Negative thinking -> negative actions -> more negative thinking -> more negative actions. I bet this gentleman wasn't in such a great place even before he started trading.
"The point of departure for my values: out of lack or out of abundance?" -Nietzsche
You are never in the wrong place... but sometimes you are in the right place looking at things in the wrong way.