This is my first ever blog. I don't really even know what to type, Im just going to type as it comes to mine. I just know that I need to get this out because it has been driving me crazy all day. This has to have been the most frustrating trade of my trading career so far. I was very frustrated that I missed the morning breakout past 6.50 which ended up gong to 7.80. I wanted to buy 2000 shares, this should have been a 2k plus profit and so I started trading this super randomly and emotional with WAYYYYYYY too much size (trying to make that money). I tried short then long then short then long, broke EVERY single rule, didn't even know where I was risking off of, STUPID STUPID STUPID STUPID STUPID STUPID STUPID STUPID STUPID STUPID STUPID STUPID STUPID STUPID STUPID STUPID STUPID STUPID STUPID STUPID. I can't even figure out what the fuck I did when I go back through my trades on the stock.
I learned many lessons from this fuck up, the biggest being DONT TRADE RANDOM CHOP! I need to respect risk reward, stop forcing trades, stop trying to make this harder than it needs to be.
I have been very frustrated over the past few weeks after funding my bigger account that I can't seem to lock in any "big" profits. I am extremely happy with every dollar but I'm in this to get out of the rat race and $100 or $200 is a scratch to me, I want to make $1000, $2000, or $3000 in a day but I can't do that by forcing trades. Forcing trades has caused me to lose those amounts in one day, Im going backwards and getting very frustrated that I'm "treading water." Making 100 or 200 then loosing 100 or 200. I keep cutting winners because I don't have the patience I need to let the pattern play out, I need to stop looking for "quick" money and be patient. I have cut so many stocks that should be 500, 700 or 1000 winners and I either take a 100 or 200 win or I lose because I let chop get me out. After that happens I get take random as trades trying to force profits and then that magnifies my days losses and pisses me off more. I know this will come with experience but I see the pattern but when I'm in the trade I get emotional.
Thank you for reading and I know that I'm not alone.
I felt the same way today. Literally traded out of desperation. bought into trades as they were spiking, then kept them hoping for a second spike which never happened. Instead went way lower than buy in price. :-/ All we can do is keep learning and become wiser.
Hi , I am suggesting to stop trading with real money and paper trading . try to find patterns you like and get better in those patterns . I know what you feel right now and you want to make all the money you lost but you should remember , a revenge trading will result in a bigger loss
Evan,My Brother we all experence these Emotions what ever the dollar Amount. You have to remember "BASE HITS" When you try to swing for the fence you loose I know that is easy to say However, Look at the History of all the successful trader we are surrounded by.They all preach the same thing "IT'S A MARATHON NOT A SPRINT" Take a step back relax build your confidence by studying/Paper trading get back in the game with confidence.Do not force your trades. You know the rules " STICK TO THEM"
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