November 29th, 2022
-Fell back into old habits where I had a fucking insane trade but didnt add into it properly and held it the whole way from a 5 point win into a 3 point loss. Probably the most depressing thing to happen to a trader. I was -50 in that trade with fees so if I had just sold it I would be breakeven, but instead I thought we would break low of day so I ended up adding looking for a 100$+ winner but thats just hilariously greedy.
1d:2m
1st Trade: Trend Continuation Short
- This was probably one of the few actual good trades I took today. Took the top of a frontside channel in a backside move and instead of holding for some retarded move lower I just sold it fast and waited for the next entry.
2nd Trade: Trend Continuation Short
-This one was just a classic "scalp too much you end up giving back what you just made"
3rd Trade: Trend Continuation Short
- Yeah another trade where I get in, sell, add, sell both for loser. This is just pure overtrading at this point. My thesis was that we would break a new low and we did actually break to a new low but instead of taking profits I just held the trade the whole way back up higher.
4th Trade: Trend Continuation Short
-Again just overtrading and adding into stupid ass shit
5th Trade: Trend Continuation Short (singular red triangle in middle right of screen)
- This was a fucking 10 fucking point move that I held for a FUCKING LOSER. What????????? How in the fuck is that even fucking possible. Why would I be so god damn stupid. I swear this is my eternal problem, Dont size up, care about nothing, size up, lose a lot, refocus and change entire strategy with small size cuz was scared of using big size but I end up losing a lot anyway cuz im all the sudden looking for 10 fucking point moves. So god damn stupid I dont even comprehend how that was a thought that entered my mind. Anytime I ever catch a legit move to a new lower low I SHOULD SELL. No fucking holding the full god damn position for a fucking bounce. Its one thing if I had 10 fucking contracts at this spot then sold 9 at the break of new low then held the last one for a small loss cuz I would still be retardedly in the fucking green. Instead I hold the entire fucking position for a loss. So fucking stupid.
Takeaways:
DONT BE GREEDY
STAY SIZED UP
ALWAYS KNOW WHAT KIND OF TRADE YOU ARE TAKING
IF YOU WANT TO HOLD A POSITION IT HAS TO BE LESS THAN 20% OF ORIGINAL POSITION
IF YOU ARE TREND TRADING TAKE THE 80% AT THE BREAK OF PRIOR LOW
