probably the biggest trading mistake I always make is OVER trading and REVENGE trading!!!...should have stopped at the 1.1 Gold loss and be...'done'...but no...!!!...yea, jumped in too late because frustrated missed out on about 3 other trades that would have been winners!!!Quote from NoDoji:
Yes, losses suck (I was down almost as much as you this morning because I was trading off a 1-min chart, thinking it was a 3-min chart), but you need to review the trades and document the mistakes. Were you fighting an established trend, did you trade before a trend was established, did you jump in too early because you thought you'd miss a move and get stopped out, did you short AMZN like Hermit did???
amazing insight here...thanks...way too many trades and not enough time to post the chart...thanks thoughQuote from TheMan:
you cant approach it in that way at all
a 284 loss is just that a 284 loss. you cant trade to try and make it back
if you made 300 today, tomorrow would you trade to not give it back?
all trades are independant of each other. the market does not know if you are up or down for the day/week/month/year. it is not going to move based on where you are at with your p/l.
the object is to try and trade without any emotions. if you are focused on how much you made or lost it is going to create more emotions to deal with.
traders do not want emotions, much less to they want to create more emotions to deal with.
emotions are the enemy CAT
this is why trading is 90% mental and 10% knowledge
post a chart of your trade
