I just dropped $3,000 on a bad trade - should have cut my loss sooner. Just gave back two weeks of profits and am back to the same equity as last monday - talk about frustrating (or dissapointment at not taking the loss right away). The urge to make the money back was incredible so I just turned off my computer and took the rest of the day off. I am going to go back to making it in increments of $500 per day - got to build confidence back. For the new traders out there - this is what not to do: Get into a trade on the open and then watch the open reverse and find yourself down 1k in 1 minute. Freeze say oh sh*t and then buy some more, watch it go down so your loss is now 3k. Finally wake up and get the hell out of the trade. Spend two days stewing over the trade and how you can be so stupid. But on a better note, I am out of the trade and feel better - and will make it back in around 2 weeks. I must be getting better because two years ago I would have bought more, held it overnight and then blown out the account. Interested in hearing how profitable traders recover from a bad trade. Confidence is important in this game and having steady winners day after day makes you feel confident. Having a big loser makes you feel scared and hesitant. That is why it is good to "start fresh" with a new trade on another day and go back to making $500 a day. Interesting, on another thread someone spoke about making 1% a day which sounded reasonable and was around where I am at usually. It helps though if you don't then drop 3% on one trade since that will knock out a lot of previous winners.