Sabotaged

B

Burtakus

This is more of a venting session for me than anything else. On the side I ope that others can learn form it.

This week was a rough week (-5.5%) but still within my loss limits that I have set.

Now why did I lose so much this week? Because I sabotaged myself. After having a couple of non-trading events turn out unexpectadly for the worse early in the week I knew that I should not trade and even planned not to trade. So what did I do. Traded bigger than I normaly do and to boot I jacked with my system that had been working fairly well.

Why did I do this? I wanted revenge in a way and because I have had a really nice run since the beginning of the year and started to think trading was easy. Even while I was in a trade I knew that I should not be trading and kept saying to myself that I should not be trading. But I kept on doing it. Total self destructive behavior.

This is the first time this has happened in a while. It happened when I was first started and thought that I had learned my lesson except at the time I did not think that trading was easy.

Moral of the story: Never get complacent and think it is easy unless you want to repeat past mistakes.
 
Quote from Burtakus:

This is more of a venting session for me than anything else. On the side I ope that others can learn form it.

This week was a rough week (-5.5%) but still within my loss limits that I have set.

Now why did I lose so much this week? Because I sabotaged myself. After having a couple of non-trading events turn out unexpectadly for the worse early in the week I knew that I should not trade and even planned not to trade. So what did I do. Traded bigger than I normaly do and to boot I jacked with my system that had been working fairly well.

Why did I do this? I wanted revenge in a way and because I have had a really nice run since the beginning of the year and started to think trading was easy. Even while I was in a trade I knew that I should not be trading and kept saying to myself that I should not be trading. But I kept on doing it. Total self destructive behavior.

This is the first time this has happened in a while. It happened when I was first started and thought that I had learned my lesson except at the time I did not think that trading was easy.

Moral of the story: Never get complacent and think it is easy unless you want to repeat past mistakes.
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Burtakus,

Excellent post, thank you for sharing what some are afraid (myself included at times) to admit in our trading. I personally leaned from your lesson *AND* willingness to share it..a rare commodity here on ET lately.

I commend you for your courage and honesty.

rttrader1 -
 
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