10200 shares
-473
Today was ugly. Out of all my trades I only made $20 and the rest were losses. I lost $200 going long and over $200 going short. I wished I had taken the day off instead.
After yesterday's huge reversal, I had a feeling it would be tough to go short or long today. I started out with a small loss of around 80 bucks. I did not see any good setups or have any conviction in my trades. I slowly racked up my losses. As my losses increased I wanted to make them back and my mentality changed. Instead of waiting for good setups I got desperate and took sloppy trades.
I will probably cut down my size to 100 shares tomorrow or take a day off. Just when I am gaining some confidence I get slapped down again. I was making money when the market was trending up but there's a change today.
3 comments:
it's really a tough day…
Dead on about that midday psychology shift... well put.
-DT
I've just not consider direction of the market today. Have 2 nice long on COG and being about even in my 3 shorts. No big idea now where the market is going (up or down) maybe sideway and more choppyness in the coming days.
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