Some Thoughts and Insights

Posted by Deb | Uncategorized | Monday 12 July 2010 11:20 pm

As you can imagine, I am really quite broken now. I am thinking all the time why did I lose like this, what can I do, etc. Only a few weeks ago I was thinking my financial problems are over, I can now make $700-$1000 per week, which will give me enough money to live on (together with my more conventional part-time job). Now it seems obvious I can’t yet rely on this, at least not yet. I have to take on myself another part-time job or quit this one and find myself a full-time job which will not give me any time to breath, as I also have a full-time job parenting my kids.

Apart from these thoughts, I am trying to figure out what had happened and how I may improve. I will probably take now a few days off. I have to regain confidence, as I had did the last time: Take a few days off, than build confidence slowly. Otherwise I will again be quitting positions too early, panicking and doing stupid things. Only this time I hope I will be wiser and not get myself again into a $1000 loss. Although I have not yet figures exactly how I can not quit too early, but also not wait too much till I have such big losses.

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2 Comments »

  1. Comment by Chason — July 13, 2010 @ 9:56 am

    Excuse me for saying this, but there seems to be an inherent problem in your method. When you win, you get something between $100 and $200. When you lose, you lose $1000. How can you make any long time profit this way?

  2. Comment by Deb — July 13, 2010 @ 10:08 pm

    You are absolutely right. I am thinking of it now. I have to change my method, and use the stop loss in a wiser way. I have to figure out how to stop the losses much earlier, though not too early so as not to run out of positions too quickly before they start to make profit.

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