The thought had crossed my mind that this entire thread was a hoax. If Tampa has blown away six figures+, why is he getting so bent out of shape psychologically over a point here and there on a single contract? But I thought I'd give him the benefit of the doubt. In case he really does need help.
So you never had a wild and crazy day? Lucky you! Am I a happy camper? Hell no. Am I devastated? No â just kinda pissed. Today was a textbook example of at first trading out of boredom, and sustaining a relatively small loss. Followed by some revenge trading with increased size that turned in to a far more serious loss (-47 points, total) Followed by scared trading with even more size (reducing the loss to â37 points, total.) Actually it would not have been all that bad had I not stupidly done something I just never do â reverse. None of the losses were that big â a point or less in most cases â one and three quarters being the largest. We are talking classic over trading here, folks â period. None of the trades this afternoon came close to following my plan. They were of the âgutâ kind â my âgut was out of sync with Mister Market. So what am I going to do about it? Would you believe: Try harder. I mean come on people, what else can I say? To say the least, this is more than a bit humiliating. Though I am far more ticked off with spending $676.80 in commissions than I am with the $1,850 point loss â go figure. So I put my head down and plunge (oh, bad choice of a word) ahead. Put my nose to the grindstone (should have done that after a grand or so), and see what I can do about this mess. Itâs not the first time (I am sorry to say), and I usually recover. Days like today always insure two, maybe three days of highly disciplined sound trading â damn, I wish I could figure out an easier way of accomplishing that same thing.
I don't get it, it take only a couple of round trip for me to end up at the same place as your are, other than that I am watching a re-run of my own trading so let's bow our heads and pray, "(fill in your favorite top guy), give me the strength to keep me away from overtrade temptation, give me the knowledge so I won't repeat the same mistake time and again".
I dunno tampa. I guess I'm just struggling with how you can go from this...... to this...... in the space of a few hours.