I am not afraid of losing cause all I care about is WINNING. Today when the markets were getting hammered I made trades: AAPL, SINA, LOCM, SWC and POT. I am usually a trader who likes to close out his positions at the end of the day, however, I went against myself and not only I am holding POT overnight, but also managed took almost $800 in loss with a potential of another $2K in POT.
Today I learnt the importance of sticking to your strategy and stick it to the 'T' the hard way, even though I am up by about $7100 overall since June 2011, one bad day and not managing your losses well, can swipe it away in a flush, just like what happened to the markets today.
Learning not to overtrade is something which I need to learn as well especially when I am not sticking to my gameplan, I think today is the 1st day I did over 4 trades.
I learnt sometimes , its good to go away take a deep breath and learn from your mistakes.
I know I will bounce back from a rough day like today and come out, cause all I Care about is WINNING.
dchsn6
No comments:
Post a Comment