Agreed. Sadly, despite being aware of this flaw, I still succumb to it so very often... This is exactly what I am having difficulty with. Well, that and a complete lack of patience. Frustrating it is. So much so, that I give up on that particular stock (BTW, is that what "kicking a dog" means?) and move to something else, where the same story happens all over again!
Dont know if you read what I wrote 2 mins before you but this basically sums up what I said right before you in 3 lines.
I sent you a PM, I only drop in once in a while, when im done trading for the day so dont know if it would be appropriate for me to invite you myself.
Thanks to everyone for much valuable input. I still believe I can make this work, despite the long haul.
You will make it. The good news comes when the ugly days get less ugly. Fourty trades in CL is as ugly as it gets. You will never forget that day, HA. There will be a day where you get out of bed and casually get ready for the trading day without the slightest apprehension because you will have graduated to where the losses are rare at the end of the day because you control the mkt and the mkt does not control you. The days of giving back profits will no longer be a threat to moving up to the next level. No one can trade with fear and that hurdle will take time but it is doable to overcome. Thats when the profits take care of themself. Losers never get past the FEAR factor. Graduate yourself to the next level. There is a famous piece that expresses in music the triumphs and the defeats of life that we all go through. I play it now and then as motivation. Trading can be boring and it is a must to motivate yourself now and then. This was good, place yourself in the crowd as you review your lifes up and downs with the music. http://www.youtube.com/watch?v=oONWgcvPutE&feature=related About the words which we all understood before reading about them. http://www.elgar.org/3pomp-b.htm