Massive unrealized drawdown lucky to be still green. Had call options on $TSLA went against me and i became a bag holder. Horrible trade. On to the next one.
Posted Feb 07, 24 1:48 PMbydarrellwayne13
Tickers
TSLA
Massive unrealized drawdown lucky to be still green. Had call options on $TSLA went against me and i became a bag holder. Horrible trade. On to the next one.
You do any good today?
@darrellwayne13 I'm funded a small 5k account with my prop firm. I'm on a 4 day win streak. But that's not as important as the fact that I'm using small size like 1/10 size because I got very close to getting kicked out due to risk parameters. So I'm using small size to get back a cushion and regain confidence.
@darrellwayne13 Update: Just snapped my 5* day win streak. (Forex trades a little differently than regular markets so my days start sooner) I managed to give back about 3/4th of the profit I made the day before. I'm technically still up and I could lose tomorrow too.. however it's all a number's game man, I'll still be green to close the week from that green streak I had. It's really all about preserving the ratios and risk/reward. Then it's on to the next week, next month, etc.
It's honestly becoming pretty robotic for me and this is how I want it. I trade the same pair every day as well. EUR/USD for more than a year. Benefits are my chart and all the key levels are already mapped out ahead of time. It helps to take the emotions and randomness out of it too... I really hope this helps your mindset as well hearing this. Good luck out there!
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