Just going to post this blog, having a very hard time this week. Very discouraged right now.
Seems like I am right back at the beginning. I have been working at trading for over 3 years now, and I thought back in the spring that I was getting profitable, now I am struggling so much. Def red on the month so far, I know it's not over yet, but it's not looking good.
I enter a trade and I don't respect my risk, I sell before my risk is hit and then the trade goes like I had planned. I also struggle with not letting my winners run, I sell out for 1-5.00 gains, and I could make so much more, had I given it more time. I keep my position sizes very small, as that is the only way that I have found to control my losses and be semi-comfortable in a trade. The volatility of the FGD seems to scare me still...after three years. SMH. When the markets were hotter and I was trading regularly, more than once a day, I think I got more comfortable with it. So, I am just wondering, will it get better? will I always struggle with that? Should I be trying short selling? I have never tried that in my life.
Anyway, just had to get a few things off my mind. I will study, and I will continue all my work, daily watchlists, Trade plans, reviews, tracking my stats, and come Monday, I will be at the market again. The only time that I really fail is when I quit.
keep up the good work and positive attitude!
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