DislikedI short 2 lots at 133.23, 1 lot at 133.50. I could have taken profit on all positions at the lows this morning for some very good profit. For some reason I hung in for 132.37.
My stop is at 134.74. I am at my kids school concert, nothing I can do lol, except blame myself and enjoy the show. 8 losses on a row are hard to stomach though.Ignored
You can read all the wise wisdom in the world from sage "experts"(how many failed traders have fantastic trading libraries... exactly...books don't do it, learn by doing) but it boils down to this... if you can't shut your terminal down after booking a trade and go golfing and not think about your trade.. something is awry. It is just that simple. If trading makes you sweat(good or bad) it is being done improperly.
The only time i see chaps new and old get into murky waters skunny fib wise is when... they want to get rich now.. or sometime next month will be acceptable. chuckle. my risk tolerances are my own as should yours be and it should be based on how you trade. A VERY reasonable goal with this trading style is 100% per month. If that sounds daft to anyone... you do not know what you are doing with this. that might just be 4 trades a month though who knows patience is key.
If everyone starts posting their losers... well... I have had people come to me with losers asking why did i lose... i tell them.. and what to do next time.. but it is generally only applicable to that trade..and furthermore robs them from learning for themselves. ...also...on a public forum i am sure you will get 45 different answer per failure. chuckle. that being said losing 8 in a row is daft. losing two in a row is daft. I am not saying this to be arrogant or anything of the sort. take a break and go back to the lab mate. no worries