I'm down 60% on my 20k account, feeling broken.

I got liquidated twice by trying to average down, had i had the margin i wouldve recouped. But yeah don't overleverage. I'm sure you've heard it before.

I've sunk so much time and energy into this and the statistics speak for themselves, only the 1% are profitable and they might not even beat the s&p. Is daytrading really possible?

My story is that I've been unemployed for a couple of years now, so I took out my investments to try to make money for myself. I've been in and out of trading since 2017.

With my measly 8k left I will try to recoup my losses by placing extremely conservative trades and hopefully I'll be okay. Or maybe I should just pull out now.. who knows. I'm pretty sure I don't have what it takes to beat institutional traders and these quants with multiple phds.

I've been so depressed these last years of unemployment, I really needed that 12k. My mother needed that 12k. All of this emotional duress made me trade like a complete maniac. But even when I traded with a plan, it still acted against me. I just don't get it. I'm just so broken. So done.

I've gotten on my knees and cried because I've been trying to find just any way to make a living. I don't understand...