The day has been filled full of frustration, mistakes, and losses so I took a small position at it. Adding the way up and ended up getting out $200 green. But then it looked gold future was getting weak so I reshorted it anticipating the wash, didn't happen and here comes the problem!! Instead of cutting the position, I added to it!!!! The same mistake I have been making over and over again. Instead of cut everything out, I added!!!! Then the problem got snowballed b/c it went against me and I had no price stop loss in my mind and kept thinking last time it did a big wash near the close so I gave it a hope to the closing hour but man that's a fucking dangerous way to trade, what if it went from 113 to 114, 115, 117, or even 120???? why the fuck I didn't consider that possibility??!!!! B/c I took a huge $60k position, my emotion got very intense and I heard inner voice kept repeating please wash, please wash, etc..... Then finally the pain reached the max I bailed myself out. Price and time stop loss order should have been triggered already!!!! Why fight??!!! Why hold and hope??!!!!!!
0 regret about my short BUT when it was starting to base above VWAP I didn't take it off then just slowly slowly my loss got snowballed and finally pain reached the max and I emotionally covered near the top. Totally avoidable had I remained conscious and be discipline by just cutting it off and reassess.
Emotional chase but glad it worked out at the end. Bad trade!!!
No comments:
Post a Comment