Tagging this Trading Mistaking, because most of what I've noted have been my mistakes. I am pasting this verbatim from my personal notes, nothing deep. Not going into specifics. Posting to better hold myself accountable. I figure that, at some point, if I am losing all the time, it will be clear I should stop. Until then, I hope I'll be learning lessons.
Monday, August 10 - The day I did very well and thought
1) I can make a living doing this
2) I can do far better than I ever thought
3) Everything is going to be ok
Net: $1360
Tuesday, August 11 - Wiped away everything from previous day plus more, making dumb chasing mistakes
Worst chasing: ($869)
Without worst chasing: ($543)
Net: ($1412)
Wednesday, August 12 - More dumb mistakes, another huge loss, down for the entire month of daytrading
Worst three stocks: ($1212)
Without worst chasing: ($208)
Net: ($1420)
Thursday, August 13 - Regrouped. Learned something about patterns, had a good day
Net: $837
Friday, August 14 - Had learned more, was having a neutral day. Worked hard. Then the bottom dropped as I chased something that should've been a profit and became a monumental $2k loss. Just gutting.
The one stock I kept chasing: ($2098)
Everything else: $78
Net: ($2020)
That's hard. I'm with you though. On my big win days, I feel like I could repeat my wins every day and imagine a future like that. On my days where I've had three losses in a row, I worry that my streak is over. It's such an emotional game to play. I hope you stick with it!
Thank you! I'm about to post blurbs about this week, and it's actually worse than last week's. My ultimatum to myself is that I've got to learn something new over the weekend and have better plans, or else I can't expect consistent gains.
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