Jan 22 $300 realized but holding onto overnight losing trade.
Jan 23 -$6,055.77
There goes nearly all of my Jan profits so far.
This is what happens when size is increased and a losing trade is held onto. So what happened? Improper management of self.
1. FATIGUE. Not unusual for me to stay up for 24 hours after working 3 nights especially if I had an easier work load.
This time, I worked 4 nights since we had bank holiday on Monday and then started trading in the morning. Mental clarity simply wasn't there.
2. Stress of MOUNTING PRESSURE from a spouse who wants to quit working full time and wants a new car (lowest option is $65k). Responsible for big house expenses such as mortgage, etc.
3. $10K PROFIT GOAL. This one was a minor issue. I wanted to close the month of January with $10k profit before taxes.
I was up $600, enough for me to steadily attain my goal.
I should have closed and went to bed. Instead, I started recklessly gambling with increased size.
If fatigue was attended to, I could have managed the pressure that I have been feeling.
| Disgraced.
|
V