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Bacon time. Again. Without re-posting, this is another great opportunity for a Reality check.
Even if I did have a method to share with you that worked in the past, by sharing it, I would render my edge useless.
But I am absolutely willing to share it with you once it stops working. Heck, I will even charge you a pretty penny for it.
With slightly more seriousness: you haven't even scratched the surface of what trading is about if you are still looking for the Holy Grail. You could spin your wheels in the sand like this another 100 years and get absolutely nowhere.
You are never in the wrong place... but sometimes you are in the right place looking at things in the wrong way.
we all remember the song by the stones. the reason you are trading, the idea is to make money. most people have a dream of easy pickings or greed . they set aside a fixed amount of money for this adventure. when you lose 50% of your account you just let it ride . there is a lot of traders in here that has done that. me too. it was just a small account like 5000 in my case. that is how you learn . like touching a red hot eye on a stove for the first time. the lesson here is as a trader you have to make it past the learning curve. there has to be real losses not just in sim to get there. this trader just went all in on the first hand . may be it was a good thing . he got it over with. it was not a slow painful death. he did not have to suffer long .
Sorry to hear what happened to you. But like all other members are saying, take a break, take a day job, make some money get back on track where you can pay your rent & bills. This is not end of life.
I want to add something to this thread that virtually no one understands... or appreciates.
I share this not because I'm smarter (lol), but simply because I have been around the block a few more times than most guys (I've been trading since 2005.)
Here it is:
EVERY TRADING STRATEGY WORKS.
Huh? How can that be?
Taking those breakouts works... some of the time. Fading those breakouts works... some of the time.
Taking those pullbacks works... some of the time.
Fading those pullbacks works... some of the time.
Taking those reversals works... some of the time.
Fading those reversals works... some of the time.
There came a point when I realized that asking "does this strategy work?" was just dumb.
Or may be not dumb, but just not the best question.
A much better question was: when does this work? Under what conditions?
EVERYTHING works... under the right conditions.
The conditions under which you trade a strategy are much more important than the strategy itself.
That you don't hear from vendors much.
You are never in the wrong place... but sometimes you are in the right place looking at things in the wrong way.
the sooner people come to terms that this is a game of probabilities the easier it will be, in turn you'll be able to handle the down periods much better.
-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
I've personally suffered a significant loss and it took me 18 months before I could trade a live account successfully again without second guessing myself or my strategy. Basically, after I lost my account, I allowed fear to run my demo' account and tried other peoples strategies and advice - it didn't work - no system is 100% accurate. I went back to what worked for me. I worked on it, I analyzed why and where I went wrong and once my demo' account was successful I managed to get started all over again - but this time older and wiser.
If this person is genuinely a successful trader, nothing and no one can take that skill away from them. It's in your blood. In the meantime, my advice to this person would be - go get a regular job, and allow time to heal. Next time they will also have a rainy day account of money waiting for them. Don't give up! All the best traders have got beat-up, dusted themselves down, and got up. So can they!
I generally lurk, I don't often write, but this topic did move me.
I believe anyone who is actually trading on their own has a near similar story to the one that was shared. It struck home to me. I remember the fear, the anxiety, the overwhelming shame, wondering how to tell my wife and family. I've never been so emotionally tormented by an event that I physically threw up than I did when I panic traded my account into oblivion - the horror (and I can't think of another word, it is pure horror) of what occurred. Honestly, I went to bed that night and then I woke up where I initially thought the whole event was a bad dream. I've heard people say that in movies/tv, but I actually experienced such a self-deluding event like that - for a minute - and then literal waves of horror returned. There were even little thoughts of offing myself - honestly, it was that damaging. I'll leave it all there - I do trade for a living now, profitably, but dear God I would never do it again if I knew what I knew now. I regularly discourage people from ever entertaining the idea to trade now - I get really angry at the naivete of some friends and family who think what I do is easy and I do snap at them, mostly because I think I see in them what I didn't see in me until it was near too late: an idiot trying to take money from the market.
But I can sympathize with this person, truly, it breaks my heart.
But I also honestly believe that you must go through something like that before you become profitable. I don't mean successful, I don't know what that is. I mean profitable.
Because I tell you what: when I finally became profitable, I wasn't jumping up and down and downing champagne, I was just happy I survived.
Heck, I will even charge you a pretty penny for it. 
