Another Catastrophic Day

Posted by Deb | Big Loss,Day Trading Journey | Wednesday 7 July 2010 10:37 pm

I am feeling hopeless now.  Everything is goind so bad.  Only a month ago I was so happy, making almost $900 a week.  Now I am losing everything.

I started today again without confidence, got out of the first position very quickily, making only $25.  Then on the second position I lost it and got back to 0.0.  Than I entered a third position, a short one, which started very well.  It was already at $75, but wanted to wait for a bit more.  It went back and forth till I decided to add one more contract to get the profit I wanted quicker.  But then it suddenly turned around, go up.  I waited and waited, not sure if the market will come back down again.  At one point I got back to 0.0, but I still wanted to wait a bit more.  Than everything went wrong.  The market climbed up.  I finally quit at -$550.

I am in such a despair.  I don’t know if I can profit again.  I keep losing everything.

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2 Comments »

  1. Comment by Lisa Wyle — July 8, 2010 @ 5:26 pm

    Oh, no! Not again! I am so sorry for you.

    What are you thinking of doing now? Are you going to quit? Can you still manage with all these losses?

  2. Comment by Deb — July 8, 2010 @ 5:44 pm

    No. I am not quitting yet. But this is almost devastating.

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