MrPraodfait

Broke my rules and failed to keep the goals I made for myself just last week. So I'm taking myself out today. No trades until tomorrow. Act like a child, get treated like a child

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MrPraodfait

Goal for September: To not have a single loss over $300, and to not let a single day's losses be over $1,000 in order to prevent my over trading and revenge trading from getting out of hand. If I plan on sizing up when the market gets hot again, I need to be master of my losses

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MrPraodfait

Well, it took me a little over 3 months to get back to my profit chart highs after my big loss in May. It hasn't been easy, especially with the slow summer market, but I've proven to myself that its not over yet. I'm still pushing to new highs despite my struggles and mistakes. And the lesson seared in my mind here is that I never want to risk a loss so big that it takes me months or even weeks to make it back. It feels like working to pay off a debt and it's pretty demoralizing. There's not much more I can say except I will try to do better from here on out. I've also now experienced what a slow market is like and I can say I understand the importance of not pushing it when it's not there. Onward and upward.

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MrPraodfait

Yesterday was a terrible day for me. Being dead right on LWLG, giving it a chance time and time again, and still getting screwed over and missing out on the perfect pattern. Then revenge trading and taking another big loss. Today I'm back to the drawing board and starting small cause there are things I have to fix

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Received 4 Karmas
EmilyMorris
EmilyMorris Jul 31, 12:35 PM

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MrPraodfait

Well today was incredibly frustrating. Cut 3 trades right before each of them went supernova. Could have been a record breaking day for me with 16K+ in profits had I stayed patient just a few more minutes, but I'll have to be grateful for the $1,860 that I locked in. My concept of money is so distorted now...

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MrPraodfait

I love how my commentary from yesterday was just proven to be correct as 2 good trades today wiped away all the losses I was complaining about. That's the power of cutting losses quickly and keeping things in perspective. Managed to turn this week green after all.

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MrPraodfait

First day in a long time that I didn't win on a single trade. 4 decent size losses have wiped away my weekly gains and some. This whole week has been pretty shitty, looks like it might be my first red week since December unless I nail some nice trades tomorrow. Regardless, it's been a frustrating week where it feels like nothing went my way. The only thing I can be proud of is that despite my losses being a little big, they were all controlled and I didn't let it get out of hand with ridiculous size or getting stubborn, I was simply playing with bigger size (which was probably the wrong time for that considering the market is crap right now). Considering this was worst case scenario... it really wasn't that bad when put into context, my losses of today can easily be wiped away with one good trade. If you're going through something similar, keep your head up! Its part of the marathon.

Received 1 Karma
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