I'm still trying to figure out where I go wrong. I think I move from a risk-centric outlook to reward-centric. My style is to limit risk and expose myself to potential gains...sometimes I'm sitting on the big one, and I always fuck it up the next day.
Oddly, I didn't get this while trading on the beach with the CMG short...which was a multi day run that I extended for another on the Monday I returned. Tuesday went shit again.
It is because we all have the same mind-set...Cut losses short, let profits run. But how many of us really do it? I reckon' we tend to cut our profits short and let our losses run in the hope of a recovery. I have certainly done it myself. In the interim we get such tunnel-vision that we lose sight of the bigger picture. The curse of short-term-trading.
We see the green and capture it clean...We see the red and bleed 'til we're dead. It is folly, but it is our nature.
I have been going though this shit over and over in NQ for the past two months. Catch a couple of points on mega-point moves during the day, watch the loss build up and bail, and then witness the recovery the next day. Hell, even spread the bitch "just in case". And it winds up eating into the potential profits. It is very annoying.
@johnnyrock Don't call it a comeback.
