Quote from jason586:
OK, here goes - now that I am slightly calmer than 2 hours ago.
Planned on continuing to short today after the quick 906.00-906.50 long scalp when I noticed the buy limit I set last night at 912.25 was filled because I forgot to cancel it.
So, I added at 903.50..............
Then at 899.25..............
Then at 896.00..............
Held to EOD where two auto fills at 888.25 due to lack of funds for AH.
$15,100 to $12,250 - worst trade to date and very angry at stupidity of not just taking the accidental $300 loss from the buy limit and moving some of the money as was talked about earlier today - or even at 894.50 near the end of the day (which I almost did).
Now, sitting on 2 longs.
No offense, but this was inevitable based on your previous posts.
You can continue what you are doing and end up losing everything eventually, or you can treat trading as one of the hardest, most difficult professions in the world.
Do you use logical and proper stop orders? NO
Do you let your winners run? NO
Do you cut your losers to reasonable degree? NO
Do you know how to avoid revenge trading? NO
Do you keep perfect track of all positions and orders regardless of circumstances? NO
Do you use reasonable leverage for your account? NO
Do you have a realistic expectation of profit potential? NO
Do you know how to never, ever let your trading take control of you? NO
As I have stated previously, I will not claim to be an expert in what a trader should do, but I am a relative expert in what a trader should not do. Other than being honest about your trading here to hopefully get some help, you are doing most everything else wrong. Even if you fix the above problems (the very basics of trading) there is still little chance you will be a truly successful trader in the long run, these are just the facts of the business.