Actions that are difficult to fullfil are almost always the correct thing to do. If this statement was false then there would be a lot more people finding success in trading.
I bring this up today because the last two trades I have entered have made me fully understand what this means.
As you probably already know the market has been out of control lately, and therefore making it very hard to trade and very risky. Trying to trade in these abnormal conditions proved impossible for me being that I found it very hard to take a loss.
I just could not find it in myself close my trades.
A voice in the back of my head (the voice of reason) was screaming “STOP LOSING MONEY!” but I couldn’t. I watched my gains over the past month disappear right before my eyes. It was like I had stepped in front of a gun barrel and refused to move.
I learned my lesson, and paid my tuition… a mistake I refuse to make again…
I can always open another trade, but my captial is a limited resource
I bring this up today because the last two trades I have entered have made me fully understand what this means.
As you probably already know the market has been out of control lately, and therefore making it very hard to trade and very risky. Trying to trade in these abnormal conditions proved impossible for me being that I found it very hard to take a loss.
I just could not find it in myself close my trades.
A voice in the back of my head (the voice of reason) was screaming “STOP LOSING MONEY!” but I couldn’t. I watched my gains over the past month disappear right before my eyes. It was like I had stepped in front of a gun barrel and refused to move.
I learned my lesson, and paid my tuition… a mistake I refuse to make again…
I can always open another trade, but my captial is a limited resource