After nearly a year hiatus from trading, I started back live this week. I'm in the midst of developing a proprietary pseudo-automated trading system, but I could use some cash and I wanted to retest some of my trading strategies live. I started out very small scale. Monday and Tuesday I made small proffits, but today after an errant TM trade I was down, and honestly I was a complete wreck. Maybe it's because this is the first time I've been trading and unemployed. To tell you the truth I've been sweating out all of my trades including the winners.
Anyhow, for the first time in a long time, reading the pages of ET really helped me today. I eventually stumbled on a thread about averaging down on losing trades. After an hour or so I was able to get my head back in the game and finished strong with CSCO for a small proffit during their earnings call.
Just wish I hadn't gone through all that stress in the first place. There are going to be losing trades and losing days. That's part of the game.
Anyhow, for the first time in a long time, reading the pages of ET really helped me today. I eventually stumbled on a thread about averaging down on losing trades. After an hour or so I was able to get my head back in the game and finished strong with CSCO for a small proffit during their earnings call.
Just wish I hadn't gone through all that stress in the first place. There are going to be losing trades and losing days. That's part of the game.
