Haven't blogged in a bit, so figure I'll do a quick one. I've had some big losses lately all transparent to see. Couple that with last years losses and I'm almost either frozen in fear to trade, (fear of loss)....OR....I go all in like a gambler. It may not begin like that but I start small and average in.
Sooooo...I have a lot of work to do on myself and need to figure out if I want to continue with this. The stress can make one insane. The good thing is, I have my landscape business about to start soon 4-6 weeks, then I'll get lots of fresh air and exercize. I hate to start off my business season in the hole 9k, but it's in the past. I cannot change it!!!
Today I made $170, so I'm hoping it's a start to a decent March. I calculated if I could just average a lousy $35-$40 per day average for the rest of the year, I'd make $7000-$8000. Looking at it like that makes it seem much easier to accomplish. My problem is I had this same idea last week and got killed twice on PTCT going long early in the week and long on that Friday selloff. So stupid.....I had just gotten back from an appointment about 3:45 on Friday, saw PTCT down over a buck and went in for a bounce that never happened. These are the impulses I need to learn to control.
Usually I DO control them, but now and again they surface. Listen, I have no problem with taking losses left and right if my equity curve is growing, but it is going down like a ski slope off of a cliff. It has to be fixed or I'll be in the 90% plus of people who failed. I have way too much time, stress, studying etc etc. to give up that easy....We shall see. But when does one say enough is enough!? Wish me luck and good fortune, thanks
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