Tired of Cutting My Losses Short

enkidu · Jul 31, 2008

FUCK!! I'M TIRED OF THIS SHIT

I pick a side, I get out before my loses get "too big" or I feel like I'm wrong for some reason. I get out when "my reasons of getting in don't seem valid anymore."

and then BAM the market moves in my direction. FUCK. FUCK.

If I had just stubbornly held on to my positions I would have made so much money. WTF! WTF! AAARRRGGG!

Maybe I just don't have the balls or belief in my convicitons and intuition. FUCK!

ang_99 · Jul 31, 2008

instead of bailing on a trade maybe you would do better with some kind hedging strategy.

just a thought.

enkidu · Jul 31, 2008

can't... trading retail forex can't hedge

i think it also boils down to the fact that half the time i don't know what the hell i'm doing

the market movements are so random sometimes

ang_99 · Jul 31, 2008

Quote from enkidu:

can't... trading retail forex can't hedge

i think it also boils down to the fact that half the time i don't know what the hell i'm doing

the market movements are so random sometimes

ooooh, forex. I don't know jack about forex.

empee · Jul 31, 2008

then hold on and make money most of the time until the big one comes and it demolishes your account.

rolextrader · Jul 31, 2008

Quote from enkidu:

can't... trading retail forex can't hedge

i think it also boils down to the fact that half the time i don't know what the hell i'm doing

the market movements are so random sometimes

Random sometimes? How about most of the time. There are periods of non-randomness and these need to be identified and exploited if you want to be consistently profitable.

P.s. Don't get so frustrated. Stress is a killer for your health and trading.

magicdust · Jul 31, 2008

Forex movements are not random...keep working at it.

SWhiting · Jul 31, 2008

Quote from enkidu:

FUCK!! I'M TIRED OF THIS SHIT

I pick a side, I get out before my loses get "too big" or I feel like I'm wrong for some reason. I get out when "my reasons of getting in don't seem valid anymore."

and then BAM the market moves in my direction. FUCK. FUCK.

If I had just stubbornly held on to my positions I would have made so much money. WTF! WTF! AAARRRGGG!

Maybe I just don't have the balls or belief in my convicitons and intuition. FUCK!

Relax!!! Don't give up and get over this loss. I know exactly how you feel as I felt like putting a hole in the wall myself today: and I had followed my rules! You have to develop a system. You can do it.

thurstonhowell3 · Jul 31, 2008

In my trading, I've found that stops should be either very tight or very loose. The middling ones create psychological issues with whipsaws. Either get out very early when wrong, or have the nads to hold through larger losses. I prefer the former, but to each his own.

kinggyppo · Jul 31, 2008

Quote from enkidu:

FUCK!! I'M TIRED OF THIS SHIT

I pick a side, I get out before my loses get "too big" or I feel like I'm wrong for some reason. I get out when "my reasons of getting in don't seem valid anymore."

and then BAM the market moves in my direction. FUCK. FUCK.

If I had just stubbornly held on to my positions I would have made so much money. WTF! WTF! AAARRRGGG!

Maybe I just don't have the balls or belief in my convicitons and intuition. FUCK!

The hardest part of trading to me is getting out and honoring the stops, but if you don't one trade can take you out. Look at this massive two day rally, I am sure alot have felt the pain.

http://seekingalpha.com/article/61755-the-20-largest-trading-losses-in-history