October 7th, 2022
-Yep lost another 100 fucking dollars. I need to start asking myself if trading is truly worth it because I am approaching this like a gambler now and I dont know if I can stop.
1st Trade: Trend Reversal Long
-Broke trend, took long, was up almost 50 on it, didnt sell, added into the move, sold first half at perfect low (-$35) held the rest for the bigger move higher, was breakeven multiple times, sold the second half at another perfect low (-$70).
Lesson: stop being a daytrader
Lesson: stop going for trend reversals on -2% down days. too much momentum to downside. trend continuation always works much better.
2nd Trade: Trend Reversal Long
-Broke trend again, took long, hit stop.
Lesson: If it didnt work the first time probably wont work the second time
Takeaways:
I have never been so discouraged from trading in my entire career so far. I have lost over $700 in the past 2 weeks and this week alone I lost about $400 which is just ridiculously too high considering I havent even had a green month yet this year above $200.
Something drastic has to change or I am going to lose my entire account. I have no idea what to do from here other than size down AGAIN (50th fucking time) and just take it slow AGAIN. I need to do what I did in the first 3 weeks of september. Small size, Tight targets. I truly dont know though. For now I think its best for me to walk away but I physically cannot walk away from trading. I love it so much and I know that I am going to have times like this where I cannot get anything right but man I dont know how long I can financially take this pressure. Its weighing on me in ways that I would have never imagined.
