What Now?
Elijah...thanks for all the posts...I will respond to your email privately...
But...for now...what would you suggest can be done with $9,000 balance and a $6,000 draw down? If price does not go down, but instead starts up, I will hopefully start to profit, but I think my lowest long trade is at 204 something (I think...the broker wiped out most others.)
Should I just sit and let it go, not playing it at all to try to get my balance healthy? Or should I make an attempt to save some of this, and make some trades? At this point it is a crap shoot for me, and I don't really see having an alive account at all it is so margined out.
Just don't know what to do with this situation before I re-fund my account...and get back in the saddle!!! I am NOT revenge trading. I made a calculated risk, and I lost. That's life. This will not stop me from trading...I do not trade with money I cannot afford to lose...there is more where that came from for sure. I am not rich, but I believe you have to take risk to make money. I have learned a lot from this, and will not make the same mistake again...that's for sure.
Todd
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