Still Shaken

Posted by Deb | Day Trading Journey | Wednesday 16 June 2010 9:37 pm

I am still very shaken from my loss today. Part of me is still in denial. It is not as bad as the last time I lost $1000. Then I was not sure at all I can make profits. Now I had 5 straight weeks of no losses, and then – this.

My money situation is so bad, it is not funny. Why did I have to be so stupid? I am such an idiot. After my first position today, I had $6000 in my account. I could have cashed $1000, and make my bank much happier. Now I probably have about $4800 or $4900 – tomorrow morning I will find out exactly how much I lost (the point at which the system threw me out + the fees). Why was I so greeedy?

Now I am again unsure of myself. Will I be able to make tomorrow my usual of profit of $150-$200? Will I have to go slow again and make small profits till I am confident again? Will I have more losses in the days to come?

Again and again I am analyzing that bad position. At what point should I have realized I must get out of this? Was I able to make things better? I know that in my method of adding contracts to losing positions you are bound to loose sometimes, but at what point should I have realized this is the case and taken measures to minimize the loss? I know that when the market was down to a difference of -$425 I should have gotten out from 1 or 2 contracts. I should also figure out how to limit the time I am in a position. It took me today about 2 hours. That’s way too long. From a good position I can be out in 10 minutes. 30 minutes should probably be the limit.

Meantime, as you can see, to amuse myself I am playing with this blogs theme. I hope you like the new appearance. Now I have to find things to advertize in the advertizement slots, or some other things to put there. Actually I have not yet figures out how to put there things. I will have to find out.

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2 Comments »

  1. Comment by Anonymous — June 16, 2010 @ 10:26 pm

    Please don’t give up!

    I have been following your blog for the last few weeks. You sound like a strong woman. I am sure you will be able to overcome this unfortunate day.

  2. Comment by Deb — June 16, 2010 @ 10:29 pm

    Thank you. I hope not to give up. Tomorrow will be a new day.

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