Failure Again

Posted by Deb | Day Trading Journey | Friday 21 December 2012 11:48 am

I decided to try a live trade today. That was silly. I knew I wasn’t ready yet. I first tried the demo. I first had a small success, than a small loss. Than I thought to myself: Why shouldn’t I try a live trade? If I don’t trade live this month, I will have to pay a small fee for using the charts. So why shouldn’t I trade instead?

My inner voice told me: Don’t try. You can lose more than that fee. But I wanted to try.

I tried one position, over 1 contract, and made $25. I told myself: Good, that’s enough. But my other part wanted to try again.

I tried again, and immediately the market turned against me.I waited a bit, and it seemed to turn again, making my potential loss smaller. I waited again, and it became higher. Finally I quit. I lost $75 over 2 contracts.

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