Stupid, Stupid Me!

Posted by Deb | Big Loss,Day Trading Journey | Wednesday 8 June 2011 9:41 pm

I wasn’t careful enough today. I went into a short position without enough indicators. Then the market starting going up, and instead of backing out I waited throught. The market went up and up, and I panicked. I decided to quit, but instead of moving my stop-limit to buy, or just buy manually, I accidently pressed “sell”! I lost more and more, till I got locked out! $750 down the drain. I am so stupid, so angry at myself!

I was getting so sure of myself, thinking now I am in the right direction and soon I will be on top of the market, and here again! Such failure!

Now the market is going back down. Soon I could have been quitting with a more agreeable loss. Why couldn’t I just use the stop-loss as it should be used? Why didn’t I plan ahead and put the stop-loss in the right position? When will I learn?

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