-$1518.80 Got stubborn on an oil trade. Sat in it for well over two hours: in profit initially and for most of the time, but ignored the signs to get out and let it reverse into a loss. Let that be a lesson. I did see the warning to get out, but saw it too late and was faced with a much worse price. Instead of doing the right thing immediately I dawdled, and it went futher against me. I was left without the option of cutting it at a sensible price - instead I had to manage a trade I didn't want to be in to get a better exit. I almost succeeded in getting out 20 cents better, but again dawdled. On the bright side I lost no more than my initial stop loss. All the more frustrating when I was right on my entry. Ordinarily I would have taken a profit. Of course nobody is exempt and we all need these lessons whenever we do the wrong thing in the market. I am grateful for mine. I said yesterday I ought to have tomorrow off. I should have stuck with that. Another lesson, but will I learn it this time?
i'm on mission since 11th Feb 2010. Start with 600 Euro First target: 1.000.000 Euro preparation time 3 years. (spike is because broker had a credit bonus campaign (in/out))
-4085. Tried to get it back from oil with a larger size today, but instead got murdered. First, used "reverse-to-the-mean" strategy early in the morning, but it dropped suddenly, costing $2000. then adopted "follow-the-trend" strategy, but it reversed on me, costing another $2000. I will take some days off, it hurts.