Sice starting this blog I have really honed my discipline in and was getting so much better this weel and even doubled my bank, but today my discipline level slipped and I sinned badly, so badly I could cry like a big baby - I let a trade go in play and have wiped my bank, so I am back to sqaure one, I cant believe i went so long without doing it and now this, It makes you feel so low when it happens, I wonder why I done it again after so long, I dont know if every trader goes through this and its a case of every time you do it you get stronger? to a point where you absolutely wil not do it again, or is it just me??? anyone reading that has any useful tips or anything else to say feel free to let me know! I am away to sit in the naughy corner and beat myself up.
Not only has it made me extremley pissed off, but its knocked my confidence - Anyone reading this who is trying to learn to trade please please please do not let a trade go in play, you might get away with it a couple of times, but it will come back and bite you, and steal your bank - Guaranteed.
The strange thing about this was I was greened up for £3.92 and I got greedy and tried to get some more out of the market and bang the price shot away and I could not accept the huge loss I was facing, its concerning because I have been taking losses in the chin lately and accept that you cant get away from them, but the sheer speed this price shot away left me like a rabbit in the headlights waiting to be run over and run over I was! big time!
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5 days ago