I'm off the rails!
Posted: Tue Sep 03, 2013 10:36 am
For the past three weeks I've been trading like an amateur and just before I did the most pointless trades, essentially emotional trades trying to catch imaginary moves. I'm not even trading to my rules and methodologies. Pretty much I'm tilting, just like the poker term.
It's so disappointing, been trading live for about five years, though I don't frequent forums much as it clouds my judgement unfortunately. Heck I even remember TRO's never lose again thread on babypips.
I've been slowly, consistently making small profits with excellent money management and just solid trading overall. Yet past three weeks have just been dreadful. No confidence, taking out profit too quickly, knowing I may be wrong yet holding in-case I'm right, not following my plan. Worst.
I'm down 9% from highest high, and today just lost 4% from doing stupid s**t. Instead of realising that may have not been my best entry and take out close to break even, which is what I would usually do. I held and lost a little. Entered and lost a little etc x10! thinking a trade is going to be a big winner every time, until I realised what I was doing and stopped. This hasn't happened to me in about 2 years to be honest.
I don't have any trading friends (Not many 25 year old's trade and I don't like talking about it as people always ask the same ridiculous questions, or ask for help and don't apply it. It also tends to make a woman's vagina dry haha so I keep my mouth shut.) and would like some mental support.
I've had days were I lost this total amount money in a day so it's not the money that has me frustrated, it's just snapping out of this negative state and trading competently again.
I don't really have any questions as I already know what to do to snap out of it, only annoying part is the daunting task ahead.
Honestly, it feels good to get it out. I guess I could ask, what do you guys do when you realise you're not trading competently?
Thanks
It's so disappointing, been trading live for about five years, though I don't frequent forums much as it clouds my judgement unfortunately. Heck I even remember TRO's never lose again thread on babypips.
I've been slowly, consistently making small profits with excellent money management and just solid trading overall. Yet past three weeks have just been dreadful. No confidence, taking out profit too quickly, knowing I may be wrong yet holding in-case I'm right, not following my plan. Worst.
I'm down 9% from highest high, and today just lost 4% from doing stupid s**t. Instead of realising that may have not been my best entry and take out close to break even, which is what I would usually do. I held and lost a little. Entered and lost a little etc x10! thinking a trade is going to be a big winner every time, until I realised what I was doing and stopped. This hasn't happened to me in about 2 years to be honest.
I don't have any trading friends (Not many 25 year old's trade and I don't like talking about it as people always ask the same ridiculous questions, or ask for help and don't apply it. It also tends to make a woman's vagina dry haha so I keep my mouth shut.) and would like some mental support.
I've had days were I lost this total amount money in a day so it's not the money that has me frustrated, it's just snapping out of this negative state and trading competently again.
I don't really have any questions as I already know what to do to snap out of it, only annoying part is the daunting task ahead.
Honestly, it feels good to get it out. I guess I could ask, what do you guys do when you realise you're not trading competently?
Thanks