This is so true!! SO True!!
This is exactly what happened to me - exactly! I couldn’t believe that I could sit at a desk, trade and make money. Me and two other guys were in the market and would be emailing eachother back and forth all day as to the status of all the trades we had on - definitely overtrading - we discussed the losses but celebrated the all the wins! Doubled my account in 3 mos. and lost the majority of it in 4.
I did all the classics, revenge trading, double down on losers, letting red trades run to expiration - options - , no trade journal, not walking away after loss after loss to regroup, no capital preservation plan… it was ugly. A hard lesson to learn.
I kept the account open. Still have it. $10 balance.
@TradeViper is right. Emotions must be controlled, kept in check. This is crucial. Capital preservation is so key - well we all know the rest …
Keep at Ria Rose! While I am a newcomer here it seems like a place that is steeped with great folks of top notch experience willing to help those who want to help themselves improve!
YOU CAN DO IT!!
I can do it too!