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I know one feels really stupid to hand out so much money in such a short
time for nothing... you start fanciing what you woulda coulda shoulda ...
But that is trading too. Now the way to look at it, is to lean back and
laugh out loud how silly thisgame is! Just laugh out loud. Now next thing
is to find out what you bought with those $1500. No material goods for the
moment, but a good lesson certainly. Expensive? It all depends: Suppose
next year you are trading 10 contracts, I'd rather learn my lessons now
with 2 for $1.500 instead of with 10 for $7.500...
BTW, what lesson?
Did you know what you were doing?
- yes,
- because you were following a system:
- As long as you still followed it thereafter, you can pat yourself on the
back because you did the right thing. But you know now your nerves hate
the saloon door: being whipsawed both ways: tough for the ego, but think
of the fun of throwing money out the window: all those bills flying in the
wind... Just notice, that what you reap everyday, is all those bills that
came flying into your window, thrown out by god knows who. Sometimes you
just gotta offer a round of drinks!!!
- If you were not following your system, you now know it hurts more not to
follow it than to overcome one's fears and follow it. The fear is stronger
than the pain itself. Just rewrite that rule, andnext time you want to
back off, remember it costs more to back off than to keep going through
the minefield.
- no, because you had no system: Here again, the pain of not having a
system is greater than the pain of following one blindly. eventually
you'll have to give in. Only you can decide how much it should cost.
$1.500 or $150.000?
Just a little food for thought...
Best to you,
Gwenn
Troy Kelley a écrit:
> I am trading 2 s&p contracts.
>
> I went short at 10:15 today, and the market came up and took out my
> stop, so I did a reversal and I went long at 10:17 and the market
> screamed back the other way against me. I lost 1,500 bucks in about 5
> minutes. That is about one weeks worth of hard earned profits, gone in
> the blink of an eye.
>
> Troy
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