wow.
Everything that I could have done wrong was done by me right from the start.
1. Took whimsical trades.
2. Took revenge trades.
3. Took too many trades.
4. Kept SL more than risk appetite.
5. Modified SL on the negative side.
6. Hoped.
7. Was talking to market.
8. Had bigger position size than I could have afforded.
9. Did not follow the levels.
10. Feared
Additionally was very occupied to monitor the trades still took them.
Lost 451 points today so now stand at -118 points for Apr.
Only positive was I did not keep on changing the SL to accommodate the trades, did that just once on one trade.
No more trades for the day. No charts 'cuz was not available real-time to update them.
All these losses after taking a decision in the morning that today being a Friday will not take any trades.
I am here (for some time at least) and markets are definitely here so no issues. Will pull up my socks and belts and clothes to start a new day on Monday.
Luck favors who are disciplined and I was not today so luck deserted me. :-)
P.S. - I was so much psychologically charged up due to the losses that I hated to be buzy with the other work and people which was and were as or may be more important. In a nutshell, I lost it completely today not only financially but also psychologically.
Everything that I could have done wrong was done by me right from the start.
1. Took whimsical trades.
2. Took revenge trades.
3. Took too many trades.
4. Kept SL more than risk appetite.
5. Modified SL on the negative side.
6. Hoped.
7. Was talking to market.
8. Had bigger position size than I could have afforded.
9. Did not follow the levels.
10. Feared
Additionally was very occupied to monitor the trades still took them.
Lost 451 points today so now stand at -118 points for Apr.
Only positive was I did not keep on changing the SL to accommodate the trades, did that just once on one trade.
No more trades for the day. No charts 'cuz was not available real-time to update them.
All these losses after taking a decision in the morning that today being a Friday will not take any trades.
I am here (for some time at least) and markets are definitely here so no issues. Will pull up my socks and belts and clothes to start a new day on Monday.
Luck favors who are disciplined and I was not today so luck deserted me. :-)
P.S. - I was so much psychologically charged up due to the losses that I hated to be buzy with the other work and people which was and were as or may be more important. In a nutshell, I lost it completely today not only financially but also psychologically.
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