I deserved the loss because I simply made my dumbest trade yet by chasing ABG on the way down. Dumb move on my part. Don't chase stocks. Don't chase stocks. Don't chase stocks. Don't chase stocks. Don't chase stocks. Don't chase stocks. Don't chase stocks. Don't chase stocks. On to the next opportunity.
Current account size: $13243
Account since start of October: $10000
My total gains: +$3243
11.17 loss short ABG: -$54
11.12 gain short HOTT: +$101
11.4 gain short PLA: +$236
10.31 gain short DIN: +$306
10.22 gain short TOMO: +$1286
10.17 gain short RDA: +$196
10.9 gain short TMA: +$606
10.6 gain short RZ: +$566
Subscribe to:
Post Comments (Atom)
Posts
4 comments:
Well, at least we know now you are a human and not a trading robot! You were on such a streak of winners. I think the best part of this losing trade is that the loss was so small, which they say is one of the keys to success. Big winners, very small loses.
Charlie g...you're funny dude, of course I'm human! Control of emotions is key though. I've learned that trading with your brain is one of the keys, and not with your heart. When logic breaks down and emotions cloud your judgement, a losing trade will have a snowball effect and become much bigger than it should be. These stocks have no emotion anyway. In admitting to a small defeat, you walk away knowing there's another opportunity around the corner - that's the beauty if this game.
By the way, I meant to give you a complement by this comment, just in case it didn't come off that way!
Charlie G...it's all good! Of course I knew what you meant! I haven't been able to trade much. I've been trying to work on my very own blog instead of this one on google. We shall see. Good luck in all your trades!
Post a Comment