I will now be down $1500 once my trade goes through on profitly on monday. I will be taking at least 1 week (most likely a month) to take a step back and reevaluate what on earth has been going on with my trades. This entire week was the most frustrating week so far and I definitely thought about quitting all together. Fortunately though I'm watching How To Make Millions again and Tim is explaining how losing is all a part of learning,. How being transparent both when you win and lose is important when it comes down to being a successful trader. Time and time again I broke rule #1 along with going off of hot picks and what the chat was talking about. There is no one to blame except for myself. I plan to bounce back from this. I hope this is the lowest it gets, but if it isn't.. I will continue to strive for success. It's all a process. I am happy I have not completely blown up my account and do not plan on funding my account even though I'm red right now.
Not sure if people will see this, but if you all do.. please share your personal stories, study habits, and suggestions for overcoming the beginner doubts I am facing now. Thank you all for your time.
Waddell
Just remember, you must learn how to lose before you can win. Tim G blew up his account SEVERAL times before becoming profitable. Keep at it brotha. Cut down position size, stick to your plan, and most importantly, cut losses quickly and move on. Learn from your mistakes.
Yes, it hurts to lose. But, I believe that you are building your trading character and wisdom. I have learned from Tim.I only use about 10% of my portfolio to stop the pain.
It's not a loss if you learn from it, but tuition.
https://twitter.com/modern_rock/status/596031271525986305
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