Well, this is what happened when I have my courage to tragger trade again. Total misfortune. TF 4 times stopped out, I can tolerate that since this index sometimes untradable at all.
ZS, so stupid...flipped my last position, stopped out, and it run more almost 20 points without me. That's $1000 per contract!!!
CL, stopped out mercillessly. Should not trade before inventory. Stopped out twice, it's ok. Then after the report operation error cost me around $200. After I gave up for the day, price soared 50 cent. That's $500!!!
I used Emotional Freedom Technique (EFT) to overcome my Trigger Shy. It worked!! and this disaster happened. Sigh :(
WHY....WHY...????? Please somebody help me with this...
ZS, so stupid...flipped my last position, stopped out, and it run more almost 20 points without me. That's $1000 per contract!!!
CL, stopped out mercillessly. Should not trade before inventory. Stopped out twice, it's ok. Then after the report operation error cost me around $200. After I gave up for the day, price soared 50 cent. That's $500!!!
I used Emotional Freedom Technique (EFT) to overcome my Trigger Shy. It worked!! and this disaster happened. Sigh :(
WHY....WHY...????? Please somebody help me with this...
From this day on, I will triggered every signal until my target reached. I will target $1000 per day!!! Don't have to reach it, but definitely I will aim it. I am tired being played emotionally.
We've all been there. No simple answer but I'm sure you'll figure something out eventually that works for you (new rules, limit trade number per day or per contract, stop after $X loss or $Y gain, etc). Just don't go broke before you do! I never heard of EFT. Good luck!
ReplyDeleteYou do not want to be free from your emotions, in fact you want to listen closely to what they're trying to tell you as they guide you in trading and in life.
ReplyDeleteTq MBA,
ReplyDeleteToday i limit my losses. Bad choice. One more trade and I could at least breakeven. But s**t happened in this profesion right? And hoped I won't broke :)
Hi Gump,
Tq for ur comment. Emotion is important of course. But it keep stalling me trading the signal. I need to open my mental block, like keep trading even after decent profit, not fearing lose the previous profit, etc. It's uncomfortable keep trading after quite nice profit for the day, or stop after achieved max losses. But I have to do it....
you probably want to set a max loss per day. After reaching it, just shut down the computer and call it a day.
ReplyDeleteDT,
ReplyDeletein my humble opinion, you trade too many contracts: 3 + currencies ... thats like bunch of gangsters bullies 1 hero....pick your fight with just 2 contracts at most at any one time ...take it slowly to sync back with market rythm...
Hi TA,
ReplyDeleteYes that's my max limit loss. But I just angry because if I took last trade, the loss at least won't this big or even make profit. Time when I kept fighting, the price won't go anywhere and I swallowed the bullet.
Hi TST,
maybe u're right. But I trade it not at the same time. 1 contract whoever gave the signal, I'm in. Not everyday EUR made good profit, or GBP or AUD. Never know which one will do good. I take it all, cut the losses small, let the winner run. Like yesterday, TF won't do much..quit early. ZS and CL did good movement after I quit. Sometimes TF did good CL dead. So on...No loyalty in the market. Whatever moved, I'm in. Look at Bankrobber or Austin Coiled MArket. Imagined if I only sticked with ES or TF or GBP only. Not much profit to be made
I'm not saying it's bad to be an expert in 1 symbol. But I think if that symbol betrayed you like ES these last days, u won't be too heartbroken. Every professional trade multiple things. Looked at SMB Capital, they day-trade stocks that moved. They don't just trade 1 stocks every day. Look Scott at BankRobber. They trade where the money's on.
But thanks for ur advice, I won't trade more than 2 currencies at the same time, hard to watch
You're quite welcome.
ReplyDeleteYou said your emotion stops you from taking the next trade. Examine what that feeling is telling you about your trading. It will continue to attempt to get your attention until you do.
Hi Gump,
ReplyDeleteMost of the time if I just ignored my feeling and trade directly with the signal I will gain profit. Of course there's time my feeling was right not to enter trade. But it's also lot of mistakes when following the feeling to enter the trades.