Final Blowout. Down $390 on four trades. Again, I let one bad bad turned into a disaster by not obeying my sell rules. I think I've notice a pattern in my destructive behavior. Each day the first one or two trades are usually good. It's when I get to a trade that was bad or one that had a profit that end in a loss or b/e or miss a good trade, that I start abandoning my rules. I start revenge trading on impulse. This is probably a part of my psychological profile. As long as I have a small account, it'll always be there. The best I can do may be to just set some defensive rules: - Make only one or two trades for the day. If it goes against me just let it go and take the rest of the day off. - Set a maximum daily loss. Not much help but necessary. - On the first trade of the day, only take the very best setup. If it works out, I may continue trading. If it doesn't I should consider leaving. This is the final blowout as no more money is left. I don't know how I'll rebuild from this. I may do one more attempt with one more trade as an all-or-nothing. After that who knows.
Sorry to hear that. There was no way you were going to make it with that attitude, but I was hoping you would manage to hold on to a couple of thousand while learning. It's normal that you feel good when you have a profitable trade and bad when you have a losing one, but when every time you have a trade go against you go on tilt that reveals a very low tolerance to frustration and an out-sized sense of entitlement (like the world or the market owes you something). More rules (that you will not follow) or significantly more money (that will only allow you to over-leverage yourself with more cars at the same rate) will not help you until you mature (sorry to sound like your father). Hope you learn something from this experience and that it makes you stronger. Good luck in all your life's endeavors.
Sorry. Didn't take one. You're gonna have to use your imagination. I have. Development on the system and strategy are essentially finish. Like I said elements of it were designed for a small account size. Money that can quickly and easily be raised.
Now I call bs on the entire thread. No broker allows you to trade even intraday with less than $500 initally. Additionally, I aways questioned how your funds cleared so quickly when you refunded your account one day to be trading the next day.
You're an idiot. See here: http://www.globalfutures.com/accounts/300dtm.asp "$300 day trading margins for the E-Mini S&P, E-Mini NASDAQ, and the Mini ($5) Dow Jones."