I blew up this morning. But I feel fine.

[Tracy McGreedy]

That's true. Means your thresholds have widened.. (it's a good thing)

Quote from mschey:

You feel fine about it because you know that you can make it back.

 

[sunggong]

Quote from aeliodon:

A 58 day win streak and then you lose 10% of your account.

I wonder how many days profit you have back today?

I think this is a major issue for guys that try to make money each and every single day. Its quite easy to do so long as you're willing to take a bigger risk each time your down - but eventually you have a monster blowout loss.

My loss today puts me back exactly 4 trading days!

Why just 4 days? Because I withdraw whatever I make EVERY SINGLE WEEK!

So we are not talking about 10% of compounded account....luckily.

That's why I don't feel too bad.

 

[krazykarl]

"Blowing up" is losing 100%. Do it twice then let us know how you feel.

 

[aeliodon]

Quote from sunggong:

My loss today puts me back exactly 4 trading days!

Why just 4 days? Because I withdraw whatever I make EVERY SINGLE WEEK!

So we are not talking about 10% of compounded account....luckily.

That's why I don't feel too bad.

Nice, good work. Your style is really the only way to survive in the long run. What do you trade, stocks or futures?

 

[Joab]

Quote from sunggong:

Let's just say that it was one of those freaky price actions that you RARELY see.

I GAMBLED and LOST.

Definitely trading outside my system.

Like I said, I got cocky and felt invincible.

sounds like you are still feeling invincible and complacent.

I would STOP trading for the week and rethink things through.

 

[quantsteve]

Quote from TheSorcerer:

Isn't it a great feeling to know that you are a human after all?

I hope it isn't a beginning of an another streak..

Sorcerer/TS:

hhmm, sounds like sunggong should tell his wife..."Honey, Our account is off its highs..."

 

[Moderate]

morning was really wiggly today

 

[Reaver]

Quote from Surdo:

He said 10%, can\'t you read?
You even quoted him!

Surdo is just a frustrated homosexual, don\'t pay him any mind.

 

[atticus]

Quote from sunggong:

My loss today puts me back exactly 4 trading days!

Why just 4 days? Because I withdraw whatever I make EVERY SINGLE WEEK!

So we are not talking about 10% of compounded account....luckily.

That's why I don't feel too bad.

I'd bet your profit factor is negative.

 

[vectors101]

10% is a lot for ONE DAY..

5 days and its 50% if you are in losing streak.

Quote from sunggong:

It is a major loss in my book, considering my gain day on average is about 3% and loss day is around 1%.


Oh well....


Alright, I'm done with my breakfast. Time to go back to the action and make a little more!