So, after of month of being in profit every single day, I got up this morning eager to trade again, happy with my results, it has been a long way since I started in Janurary, fighting to learn to be discplined and not emotional when trading, my BIGGEST problem. I trade late Tokoy session before I go to work, really early in the morning here at GMT+1, but it is the only time of day I can have a couple of hours for trading every day.
As I was saying, a good month, feeling like I'm finding my edge, controlling my temper and maintaiing discpline, using PA and Ichimoku for trading. In profit every day for this month, a great feeling, not making a lot of money, because I have been building up trade sizes very gradually.. as part of my discipline training, but still, building up slowly and in profit. Great!
But, hell, EGO and temper got control of me this morning, badly... and I lost $1000, starting with $20 trades. Crazy, right?
I had 6 ITM and 1 OTM going and was about to stop for this morning and get ready to go to work. Another good morning of trading bins. Then I saw this nice setup lining up and thought "gotta take this last one"
Then, I hit enter... shit, 60s instead of 5m, what a bummer!! it's gonna be OTM, so I tripled up and hit enter again, this was a sure one... stupid stupid stupid!! I was already angry because of my first mistake, well guess what... I blody hit enter again on 60s instead of 5m epxiry. It waited.. no breathing for a minute.. but 2 OTM, (on 5m it ended up ITM).
The loss was not big, but I was really pissed with myself, so I thought... another cup of coffee and I will win this back in no time, after all... I have been doing great this month.
20 minutes later I had lost $1000, before I realised that I was back in my EGO trip, no disciplilne, no following any of my rules, chasing trades to get back on the market.
Well, as Hubba says... I got gangbanged BIG TIME by the market. I really thought I was over this stage, after such a great month... but, I guess I have to watch out when that Demon called EGO takes control of my brain.
It sucks to have to trade just to win back a loss, really... it sucks big time. Just telling this in case somebody can learn from my mistake. CONTROL YOUR TEMPER AND EGO, AND IF YOU CAN'T, STOP TRADING WHEN IT TAKES CONTROL OF YOU!