Should I Give Up?

Posted by Deb | Day Trading Journey | Monday 25 October 2010 7:46 pm

I am really feeling down today. This trading stuff is not working for me. I feel I am not good in it. I am not good in making money.

I don’t want to give up. The memory of the 6 weeks in May and June in which I went straight doing more and more money gives me hope this is possible, but somehow since then I keep losing.

Today I forced myself to try trading again, on the demo, though I didn’t feel up to it, and the result was a loss of $50 (luckily only a virtual loss). I hesitated entering a position when the market was obviously going up, and then entered in a short position when I though it will go down. Probably with a bigger stop-loss margin I could have gotten out without losing, but as it was I lost.

I had to renew my Sierra Charts subscription in order to trade today, and I hesitated at first if I really want to do it. Then I did, though I feel I was just throwing away more money.

Now that I did renew the subscription, I will probably feel I should be trading. I hope I will feel better about it in a few days. Training myself to work with more discipline is probably something that will be good for me also in other areas of my life, but currently it seems so impossible.

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