this one is the killer.... also, watching a nice gain turn into a little gain is a back breaker for most....
When people go to the casino, they play games and they may win. If they keep winning, they keep playing (at higher and higher stakes). Then they lose once, get into a tilt, play more to win the money back. The moment they stop playing is when they lose it all. Many people at the casino play until they lose all their money. And thats when you can't play anymore. So it appears that its easier to lose money since many casino players walk out empty handed.
Remmember 1 thing The casino always has a edge and when you money is over you can leave But the market will take all your money till you are in DEbt or you withdraw Casion always have a edge it is not like they are playing fair games You play at craps and see how many wasy are thee for a 7 to come out and how many way are they for a 6 or a 8 to come out That always have a fuk edge
Of course but unless you make a definitive effort to figure out WHY this keeps happening to you, you are bound to experience the same results forever. Have you looked at your trades, winners and losers, and see what happened next, why did you enter at so and so price, why did you exit. On the wrong trades, just how wrong were you. Could you have seen things from another angle that could have alerted you prior to taking the trade? There are tons of ques you should be asking yourself after the close, during the day, all the time! Slowly but surely, you should see your trading getting better, not getting worse or stagnating. To me this shows you aren't working smart. Doing the same things were minimal or poor results over and over again is not going to get you out of the mud.
I would say it is just your risk tolerance problem. your strategy is fine, whether you trade against the trend or follow the trend, both are ok! the real question is: how much are you able to tolerate? most people will get shaken out even their position is perfectly right becuase they can not suffer any temperary paper loss. I did lots of vertical bar short sale or bottom picking, it is a great trading style. like yesterday FMD jumped 70%+, I reasoned today it will drop like a rock, so I shorted it in the opening, yes, I suffered minor temperary loss, but I feel I got the fish, I hold it till it hit 3.8! what a profitable trade! I shorted FLOW today at 8.0+, temperarialy it went against me some, but I held on, it gave back. of course, market extreme does exist, so be cautious if paper loss exceeds your imination, put a loss plan ahead! why it is so easier to lose? very simple, you are underfunded and the market is just changing in every seconds and full of uncertainity, today you bought a dip and you may gain, but next day that may not work, today you shorted a rally and the rally fell and you gained, but next day you shorted a rally and the market toke off and never fall! that means whatever stargtegy you use, you may lose! this will shake your confidence in using the strategy you think is profitable! you will end up: take profit early (you are afraid of reoccuring loss) or let a loser run (you will stick to your stubburn trading idea since once you used that successfuly, you may think this time it should work too) to correct this problem, put up an account at least $50k bigger, then select the statistically most workable trading idea ( I think short hype or bottom fishing is great trading idea, the success odd is very high based on my experience)