......please read and learn from this.
This was for sure, one of my dumbest, worst weeks I've had in trading and I can't really blame anything or anyone but myself. It was also NOT the fucking week to play around either and I did just that.. like a barnacle.
-It started with me taking a huge position (not cool rushing in) first thing Monday morning, half asleep on the wrong fucken account because I got excited on something before reviewing. Didn't have any day trades cleared on that acct. I immediately countered it by forcing a 4th day trade and flagging the PDT. I'll still take a 90 day restriction over a huge loss any day.
-At one point, accidentally wasted another day trade on other account. Don't you HATE that!!!????????? Such a waste!!!!
- Few instances where I didn't cut my losses because but I didn't want to 'waste' another day trade so I could hit a home-run on a later day before the week was over. Now, seriously, EVERYTHING is wrong with that fucken statement LOL. That's NOT how the force works LOL. That's not even a strategy. So guess what the result was ? Because I didn't want to cut my losses, I LOST more money when my emotions got the best of me and I ending up cutting anyway. LOL. Wonderful! Right ??? So now I have NO day trades and I'm STUCK in a position that I can only hope will gap up on Monday. HOPING is the WORST thing you can do in this game.
I'm very thankful for recapping my losses and being at a certain level in my trading career where I can laugh about it and reflect on days when I was that foolish.. honestly.
There were still a few effective gains/trades and effective cutting on losses. I'm still a good trader with effective, proven setups. That's why I'm able to look past this.
Next week I will prevail. I'm excited!
-Cajun
Appreciate you. and oooohhhh trust me. This is why I trade. I'm the fucken Gladiator.
With all these plays its easy to forget about the PDT.. same thing happend to me this week with Etrade. Definlty a huge learning lesson. We will definitely bounce back
Oh for sure! I'm glad that I'm able to coach myself and correct the behavior! Definitely looking forward to next week!
"... I didn't cut my losses because but I didn't want to 'waste' another day trade..." That was me Friday, my 5-7% risk turned into a 26% loss. LOL
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