This post gives me that feeling that you may have been risking too much, and profiting too little.
It's the most simple thing in the world to say cut your losses and let your winners run, but when it comes down to it, emotions can get the better of you. For example, I turned $350 into $1350 in about 2 weeks this month. Then, over the course of under 10 trades, I lost most of it. I went from winning 20+ trades on many occasions to lagging behind the market because of my emotions. I over leveraged and I wanted badly to blame it all on the brokers and insiders, but at the end of the day I let my emotions get the better of me. First with overconfidence in what I thought the market would do, and lastly with reactionary trades. I definitely wanted to feel like I was scammed, but there is really no one to blame but myself. I could have stopped out with $30 in losses, but instead I chose to let it become a much bigger problem. This is not to mention the fact that although my mindset was tight and my trades were spot on for 2 weeks, I over leveraged to make that money in the first place.
It was the moment where I started reacting and thinking too much where I in effect, scammed myself. The way I got to where I was so quickly was because I was thinking like a broker. But after a small loss got bigger and bigger, I started once again thinking like an average retail trader and making very basic mistakes.
It is a game of confidence and most of all rules. If you do not follow your own rules, you will scam yourself at some point into taking very bad trades. Based on what you said about trying many different systems, I am inclined to believe that you do not understand the importance of following through and holding yourself accountable to your decisions.
It's the most simple thing in the world to say cut your losses and let your winners run, but when it comes down to it, emotions can get the better of you. For example, I turned $350 into $1350 in about 2 weeks this month. Then, over the course of under 10 trades, I lost most of it. I went from winning 20+ trades on many occasions to lagging behind the market because of my emotions. I over leveraged and I wanted badly to blame it all on the brokers and insiders, but at the end of the day I let my emotions get the better of me. First with overconfidence in what I thought the market would do, and lastly with reactionary trades. I definitely wanted to feel like I was scammed, but there is really no one to blame but myself. I could have stopped out with $30 in losses, but instead I chose to let it become a much bigger problem. This is not to mention the fact that although my mindset was tight and my trades were spot on for 2 weeks, I over leveraged to make that money in the first place.
It was the moment where I started reacting and thinking too much where I in effect, scammed myself. The way I got to where I was so quickly was because I was thinking like a broker. But after a small loss got bigger and bigger, I started once again thinking like an average retail trader and making very basic mistakes.
It is a game of confidence and most of all rules. If you do not follow your own rules, you will scam yourself at some point into taking very bad trades. Based on what you said about trying many different systems, I am inclined to believe that you do not understand the importance of following through and holding yourself accountable to your decisions.