Down 2600 for the day, but I have decided to keep it overnite. My indicators are showing that a correction is coming. Will see Friday.
When daytrading, and you can't get out of fake position due to a loss, how will you when it is real?? Curiosity - still going live next week? Are you still going to post somewhere?
What makes you think that I cannot??? I stated that I have DECIDED to keep it overnite, reason being that my indicators are showing a correction is coming. We will see if I was right in on Friday. As was very sick the last 10 days and consequently could not fund my account, hence the delay. Yes once I go live, I will post in the P/L thread.
Relax a little - nothing here meant negatively. Just trying to get you to look at what and why. What makes me think you cannot - nothing really - human nature - it is tuff to overcome at times. We don't like to be losers, so we may interpret what we are seeing to convince ourselves of something that we hope will be true. If it works great and perhaps you reinforce a bad habit. Or perhaps you reinforce confidence in you method. It seems to me this loser is the only one you decided to keep overnight; but I don't know for sure. If you have rules for daytrading - did you break them in keeping this trade? Personnally, accepting losses has been the hardest thing for me to overcome. And this in particular is how it appears to me. My whole thought process runs that if you are going to simulate then do it real or it is of NO value whatsoever.
total for the week: -$105 total since posting (6 weeks): -$333 number of trades: 50 number of win/loss days: 12/12 number of win/loss weeks: 2/4 best/worst day: +$96/-$314 best/worst week: +$180/-$317