-$1518.80
Got stubborn on an oil trade. Sat in it for well over two hours: in profit initially and for most of the time, but ignored the signs to get out and let it reverse into a loss. Let that be a lesson.
I did see the warning to get out, but saw it too late and was faced with a much worse price. Instead of doing the right thing immediately I dawdled, and it went futher against me. I was left without the option of cutting it at a sensible price - instead I had to manage a trade I didn't want to be in to get a better exit.
I almost succeeded in getting out 20 cents better, but again dawdled.
On the bright side I lost no more than my initial stop loss. All the more frustrating when I was right on my entry. Ordinarily I would have taken a profit. Of course nobody is exempt and we all need these lessons whenever we do the wrong thing in the market. I am grateful for mine.
I said yesterday I ought to have tomorrow off. I should have stuck with that. Another lesson, but will I learn it this time?
Got stubborn on an oil trade. Sat in it for well over two hours: in profit initially and for most of the time, but ignored the signs to get out and let it reverse into a loss. Let that be a lesson.
I did see the warning to get out, but saw it too late and was faced with a much worse price. Instead of doing the right thing immediately I dawdled, and it went futher against me. I was left without the option of cutting it at a sensible price - instead I had to manage a trade I didn't want to be in to get a better exit.
I almost succeeded in getting out 20 cents better, but again dawdled.
On the bright side I lost no more than my initial stop loss. All the more frustrating when I was right on my entry. Ordinarily I would have taken a profit. Of course nobody is exempt and we all need these lessons whenever we do the wrong thing in the market. I am grateful for mine.
I said yesterday I ought to have tomorrow off. I should have stuck with that. Another lesson, but will I learn it this time?