What a feeling shorting Commodities..! Stopped out 2% losses.. BEXP and AGU.. I guess other shorts have learned to take profits fast.. Added to DRYS over 80
Every error imaginable.. didn't miss any this week.. overtrading, poor trade management, serious emotional impatience... The worst I have felt this year... All stemming from my dissatisfaction with last week's result and the reduced volatility of the weekly percentage returns... Well I got the volatility back... Craziest error... Selling DRYS this morning in pre-market (something I have sworn to be simply daft) at 79.5 at a decent loss then it goes to pre-planned 84 objective..
Last week I posted.. "Soooo.... we either bounce VERY soon (now) or Year lows won't matter... Which way??" Well here we are... 10,700 to 11,000 look like next destination area...
I was never required to update trades.. always automatic... It looks like there is a delay.. don't know why... This week my trades were lethal and best kept secret anyway...
Second worst week this year... Humbling... Forced large trades (Shorting AGU-a super hot stock, I should know-, missing the cover and chasing up every time) without management that usually resulted in over 2% loss before they could be managed... Bottom line... a lot of the trades were not there and in my haste to beat that lousy 3.7% gain last week I went LOCO... In a way positive as the loss did not result while doing the right things.. THAT would be depressing.. Weeks like this will happen but they usually strengthen me. One area of concern though, is I feel "different" from when the account was a lot smaller.. 100k Force Field?? Too soon to tell.. Back in the mid 90's I remember after working my account from $650.. Around 8k I was stuck for a few months.. it was eerie.. Once over 10k it was smooth sailing.. New week ahead, regroup and get back to basics...