October 6th, 2022 (-$137)
-idk what to say. This is my breaking point now. I work so hard and just get slapped in the face every single day. I wait for my setups, I fuck them up, I revenge trade, and I lose 2x what I can make on a very good day. I literally am doing the exact opposite of what a trader in my position should be doing. I am sizing up when I have only 1 single month of good consistency then I lose my entire month of gains in 3 trading days of sized up trading. I am paying hundreds of dollars a month on fees, I cant make a single decent trade. I have no idea where to go from here other than to just take some time off and pursue other ventures. I know what I am addicted to trading so I am sure Ill be trading still but I need to size down yet again and I have to just keep it as simple as I possible can. For now though, I am taking a break from all communications with other traders and depending on what happens I will probably try my hardest to take a break from trading itself.
1st trade: Trend Continuation Short
-We broke the downtrend extremely strong and early, I thought we would take a lot longer to do so so I was leaning short once we broke the downtrend in this very odd fashion. I took the short expecting a move lower but nope immediately get spiked up through and lose $22. Clearly the problem here is that I am shorting a trendbreak when that just doesnt even make sense. Scroll down for more retarded trades.
2nd Trade: Trend Reversal Long
-Yep just flipped what I was doing in the last trade with the same entry but an even worse exit. This time I go long. Yes, I went short then long back to back. This usually means I am gonna be fucking destroyed on any trade I am taking for the rest of the day. Lose the maximum again here of $22.
3rd Trade: Trend Continuation Long
-Here I finally get a good long trade but nope hahahhaa. I was breakeven when this thing topped out and I expected a much bigger move higher but again nope lol. We break to the upside, I chase because I am pissed the fuck off, I add into the fucking worst candle of all time, I sell at the PERFECT bottom then I get extremely angry because we spike right up through the highs like I expected lol.
4th Trade: Trend Continuation Short
-And this was the finale. I short because FUCK TRADING am I right? Take the short here and immediately am down $25 which was supposed to be my stop, but since I thought we would breakdown on the day because these long moves are weird and didnt make any sense, I just hold the position and put my stop for about a full 1 point which is just so beyond retarded for so many reasons. Firstly, why the fuck am I taking a $50 loss on a fucking starter position size? Why the fuck am I being so stubborn to think that I will just end up being right for no reason other than hope? Why Why Why Why Why. Yes, Trading is very easy and fun. I get spiked out and lose about 5 extra dollars cuz ya know just why not? fuck me right? market makers love that shit. And boom it drops 2 points before I can blink and guess who jsut got stopped out at the legitmate perfect top? yeah that would be me. 4 trades, 4 losers, in essence I shouldve only lost 22x4 on these trades but nope I lost 140 instead of 88 because that last trade I moved my stop to a -50 trade and I did it again on the previous trade where I was adding. Just hilarious I legit cannot think of a better way for the market to fuck me other than this hahahhaha.