Показ дописів із міткою worst emotional loss. Показати всі дописи
Показ дописів із міткою worst emotional loss. Показати всі дописи

06 December Live trading

Today i traded very bad.
After 2 systematic trades and net loss, i decided to short the market.
Made it very bad, very emotional, and i've lost hope to trade vell in this method. So, some psychological issues caused me to made so emotional trades.
As long as i will take this kind of trades i will not be able to trade full time with full size.


I've lost 8%!!! Of my account.
My biggest loss. Eh...

Need more discipline and more believe in myself and my method.







16 November live trading

Today i made 19 trades
Total tilt. In this moments i forgot of my account, my risk management.
I hate myself in this kind of trading days and also i'm fell so depressed.


Account was down to 8% , then i recoup it to -2% for the day

Total for the day = -2,1%




5-6 October Live trading

Today is most worse  day in my challenge carrier.
I made a lot of Emo trades, and at the end of the day, when i loaded platform to fill my trading journal i saw some move on EUR and jumped in it. I averaged down..2 times. Then price came back and i closed at BE.
But in several minutes i pushed button and entered new  trade. This time price went up sharply,  i added one full position and one half. Then i had good moment to close it for minor loss of -2,5%   but i waited..market went up. I was loosing nearly 100 pip. I went to sleep with open position, and made alarms on price. Alarm didn't triggered, so i took my laptop and monitor the chart. I was so exhausted, so emotionally tired and killed. I was frustrated, i told my self that it is possible end of my trading carrier if i couldn't manage risk properly.


Next day i woke up, checked price - no move at Asian night. Then price traveled south and i  close 40% of my position with loss of 3,62 %. Then price went up again.. I was down 100 pips, i went to ride a bike.

Then i called my friend and he told me that price hit my TP. O...great.  I had nearly  - 25% !!! floating negative PL. It's more that i made for 2 months of live trading. I risked all, with no plan, with gambling approach and with the hot head...I was at tilt 2 days. I don't know where and when i would cut my position if price go against me significantly. So...theoretically i would have a margin call. It's painful to know this fact.

So i need have STRICT MONEY MANAGEMENT RULES:
1. Risk per trade  - max 1% (till new year. Then it can be 2% per trade)
2. Risk per day = 2R, or 2% (tillNew year). If it is hit - stop trading and close your platform.. Don't try to recover losses this day!!!

And also i had put sell stop order by error at 5 October and didn't saw it. It was triggered and i catch on more loss for 0,92%.


I thank God, that he helped me to live this difficult day. I know it's bad to pray if you had bad postilion. But i ask good about discipline and never never violate my money management rules.





29 September Live trading

Today i have hard day. I traded very emotionally and unstable.  Made 17 trades!!! Violated all rules. I was so emotionally exhausted. Very bad day...
I had unrealized DD of over 7% !!! It's too huge.  with this kind of trading i can end my days in deep hole, without hope, wealth and friends.
I need to STICK TO HARD RULE. 2 losses in a day - STOP TRADING. Wait for another day to fight!
I made mistakes as 3 years ago, that ruin my trading account and all my trading confidence those years.

So, STICK to 2 LOSS trades rule. NEVER EVER LOSE MORE THAN 2R in your trading day!
Otherwise, you can lost all.
So, let's recover to tomorrow.







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