So today was a bad day, both psychologically as well financially. Thus the day has been pretty detrimental. Trade one was fine with me, I cannot see why I will not take it next time if I get similar setup. Indeed it was one of my finest setup to take a trade. But then that got stopped. Now there was no setup for the entire day, and yet I took the second long trade, knowing very well that it was not a part of the setups that I trade. This was the damaging factor for me today. I hope penning it down here will help in overcoming the issue.
I have noticed in my trading career it is very difficult to find a forum where even people with pseudo names come and share and help each other to withstand the mental draw down phases. Forget someone for real to actually be your trader friend.
In any performance based profession we have coaches and mentors and people around us who assist the person actually performing. But in this game I think it is very difficult to find someone of that kind. I have not found anyone yet, though I have been able to uplift other traders from the mental distress, it seems. That is what people have said. Maybe they were just being polite I do not know, nor does it matter to me. What matters the most for me is how do I cope with this situation.
It is not the first time it has happened with me, I have seen worse and in my initial days I have never come out of the draw down, both mentally as well as financially. But over the time I have been able to show the signs of resilience and crawled back in green.
I look forward to regain my wisdom and put my act together.
Today's trades
2 long trades 525 qty each.
Lots reduced to 6 i.e 450 qty from next trading day.
I have noticed in my trading career it is very difficult to find a forum where even people with pseudo names come and share and help each other to withstand the mental draw down phases. Forget someone for real to actually be your trader friend.
In any performance based profession we have coaches and mentors and people around us who assist the person actually performing. But in this game I think it is very difficult to find someone of that kind. I have not found anyone yet, though I have been able to uplift other traders from the mental distress, it seems. That is what people have said. Maybe they were just being polite I do not know, nor does it matter to me. What matters the most for me is how do I cope with this situation.
It is not the first time it has happened with me, I have seen worse and in my initial days I have never come out of the draw down, both mentally as well as financially. But over the time I have been able to show the signs of resilience and crawled back in green.
I look forward to regain my wisdom and put my act together.
Today's trades
2 long trades 525 qty each.
Lots reduced to 6 i.e 450 qty from next trading day.
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