Same mistake as SYNC, VRX, NUGT but just took place in different timeframe.
I have to fix my discipline problem or it's just matter of time to go broke!!!!
It's mentality problem!!! I told myself it's 5-star setup but it's just like LEI!! Had a chance to cut the position but didn't therefore my loss got snowballed!!!
Then I got emotional and did 2 revenge trades and ended up taking more losses.
Revenge trade. I was out of my mind.
All trades didn't workout thus I was determined to fight ATW!! Letting other trades influence my decision making was the the main problem. It's very easy to let emotions take you over!!! This is the most difficult part in trading!! Success in trading is not about nailing a big trade but how to handle a bad trade! We all have different problem. When look at the same chart, Cody may buy it on contrary I may short it and that's what makes the market!!! The action itself isn't important! what's important part is how to manage the trade. When trade goes wrong what you do defines you as a trader!
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