Took a huge loss ($13,942) on BTX on the way up. Started recovering this week with small gains.
When I saw BTX dropping I got FOMO and sized in too large, took a bigger loss than expected ($500), then obsessively revenge traded.
Since the TKAT loss, I'm at a point now where (if I stick to my plan and rules) I would be profitable. All my losses are from emotions.
I'm going to try a new thing:
Every 15 mins a timer goes off and I need to answer these questions:
1. How is my mental and emotional state? Who is in control - me or emotions? If emotions - cut everything.
2. Is every stock I'm in something that's part of my plan and strategy? If no - cut.
3. Am I sized in correctly? If no cut to size.
4. Should I call it a day? Is this good enough?
I'll update profitly with my actual pnl soon but TBH I can't stomach posting such large losses and seeing the negative profit.