Sorry to hear. What % did you blow and what did you do to cause this? I lost nearly 9% of my accounts last Thurs. -5% should be my circuit breaker but it did not work that time. We must preserve capital to stay alive. At least I keep reminding myself this.
Good question Cory, is this a April Fools prank? De' did you document your trade... the better question is, did you trade your method? We cant expect consistent success while making random trades, and when I say we, I am definitely including myself into the bunch.
Sandy, Thanks for your concern. Today I trade based on my system, with expectation Crude Oil moved directional. There's no reckless entry, or at least no harm being made from it. Discipline on my entry is not enough. I was overtrading. Crude Oil stalled and I lost big.
I trade not for fun. But most of the times market are making fun of me. I asked myself and the answer is no matter how hard, I must succeed. No other choice
Duane, I did document my trade. I measured my PT, entry based on my system. The only problem was I got frustrated when I was chopped out, whipsawed market and last thing I realize, I was overtrade.
Sorry for all, I'm not blowing out account. I lost more than 10%, but it's also possible making 10% in one day.
The most important thing for today, I learnt my lesson. A lot. Discipline not enough, patience not enough. Need more than that. Today's my last ranting post. Sorry and thank you for all your support
you miss April Fool by 4 days.
ReplyDeleteWell, not really blowout, but quite destructive. I can't post it, too scary :(
ReplyDeleteSorry to hear. What % did you blow and what did you do to cause this? I lost nearly 9% of my accounts last Thurs. -5% should be my circuit breaker but it did not work that time. We must preserve capital to stay alive. At least I keep reminding myself this.
ReplyDeleteWell, more than 10% Ouch...
ReplyDeleteThanks MBA for comin :)
This comment has been removed by the author.
ReplyDeleteGood question Cory, is this a April Fools prank?
ReplyDeleteDe' did you document your trade... the better question is, did you trade your method? We cant expect consistent success while making random trades, and when I say we, I am definitely including myself into the bunch.
Sandy,
ReplyDeleteThanks for your concern.
Today I trade based on my system, with expectation Crude Oil moved directional. There's no reckless entry, or at least no harm being made from it. Discipline on my entry is not enough. I was overtrading. Crude Oil stalled and I lost big.
I trade not for fun. But most of the times market are making fun of me. I asked myself and the answer is no matter how hard, I must succeed. No other choice
Duane,
I did document my trade. I measured my PT, entry based on my system. The only problem was I got frustrated when I was chopped out, whipsawed market and last thing I realize, I was overtrade.
Sorry for all, I'm not blowing out account. I lost more than 10%, but it's also possible making 10% in one day.
The most important thing for today, I learnt my lesson. A lot. Discipline not enough, patience not enough. Need more than that. Today's my last ranting post. Sorry and thank you for all your support
example of +rant "I realized I had been trading recklessly last week"
ReplyDeletecory :)
ReplyDeleteSo much to say that expectation killed me.