not sticking to my plan I lost 1 k, stupid mistake how could I possibly think I know better than my plan make me feel better and say this happens to you too
sorry my bad I wrongfully assumed there are lot of traders on this site. Geez time for me to go or what
Dalai Lama once said when you lose, donât lose the lesson. I suppose it depends on whether it is the same mistake again and again, or different mistakes periodically. How about you burn (literally) $1000 in cash every time you lose a $1000 trading. That might make the lesson stick. pneuma
If you don't lose every once in a while you aren't trying hard enough! It's funny how a loss by failing to follow your plan is "stupid" but if you had made a profit it would have been pure "genius"!
yep, you're not alone. i attribute to Discipline. there are many things you know you should do (or not do), but it takes a "new" mistake or repeated mistake to remind you about your original plan. to some people, there is no way out .... it requires "pain" (as in losing big money) to be finally rid of one mistake/bad habit. then there are other mistakes and bad habits ....
A lot of "traders" are really in it for the action, but kid themselves by telling themselves it is a way to make a fast buck. The $1k you lost shouldn't be a problem to you if that is your uncle point. I always know how much it is going to cost me to make a trade before I enter since the stop goes in first.