Yes, that is a part that i need to work on...
I don't remember the month... i think it was either Aug or Sep 2009. Before that, I had a great profit run of 8 consecutive profitable months - almost tripling money day trading with icicidirect's brokerages is no mean achievement
, especially when I was traveling, did not look at charts at all, logged into the website only to place order at market open and close. But in that one month, I lost all my profits... bad money management and over-confidence - no other reason.
I have explained my psychology in this post:
http://www.traderji.com/trading-diary/88102-bakwaas-trading-3.html#post825019
Since then, i have had many good runs in ORB... but have always given up for one reason or the other. 1 year back, I resigned my job for full time trading, and the reason for that was a couple of exceptional runs in ORB. But July-August of last year was really bad. Since then, I have been unsuccessfully trying to figure out a more consistent system and have not gone back to ORB, though it has been really doing well.