Thursday, June 11, 2009

Birthday Troubles

Another limit down day - brings the total to three in a row.

After reviewing my trades for the day, I made the corrections I wanted. I did not sell lows or buy highs, and I did not take big losers. So where was the problem?

Maybe it was my impatience? Did I over trade? I dont think so. I did my prep work, I had reasons, and my ancillary markets informed me that I was correct in my ideas.

I had a few trades where I had 20-25 tick profit into them without peeling out of any, but I felt there was a lot more to the move. Maybe I need to book profit. Its hard though, because I book profit and I feel I shouldnt, but I do it anyway. Then I watch the market keep going and going and going the way I thought it would. However, when I dont book profit, I scratch or lose, never never never does it continue to go my way.

I looked at the past few days and the line between having great days and ending up limit down is very fine. Its almost scary how close I am to figuring it out. The pronblem is, I am not figuring it out and I am losing every day.

This has gone on for about a year now. I am at a new mental low, and I dont know how much moreI can take of this. This slow bleed out, coming in a lot of the days and losing small, but losing often is really getting to me. I am trying to stay positive, it just gets harder and harder to do so with every losing week and month.

I am trying to keep positive. I am trying to concentrate on the fact that I can find winning trades. I dont know what needs to change, but something needs to. I need to find something good to keep hold of and not let that go.

1 comment:

  1. After a few bad days I've found success in booking my gains a bit faster just to register some victories. It's like stopping at first base after a potential double bc at that point it's more important to have a hit than get gunned down at second base and feel failure again... So try that for a bit and then your natural talents will take over when u have momentum. Holding trades will never be your issue.

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