The Good, the Bad and the Ugly!
Well today was a day that will burn in my memory for a while. I was in such a solid place this morning; first trade winner winner chicken dinner; up about $200 in trades on 2 other accounts. Until......wait for it.....You guessed it! Trying to force the market to bend to ME damnit! I am the levels master, and I will conquer the market and force it to respect my levels! Only, my silly ass didn't have my levels plotted! Say what? Yep, woke up late, hopped on the charts, took a trade without a single level plotted. Profitable on the first trade, so I then plotted the levels, and started thinking yep, "knew I was right, it's going lower"...Until....wait for it....it didn't! Instead the market said "nope, I'm gonna not just fuck with your headspace, but I'm gonna muck around in your account as well, you think you got this, well market gotta eat too". So yep in a flash, all profits from all 3 accounts gone! Literally, it couldn't have gone faster if I placed on a SpaceX rocket! I went from $150 in profit to down over $500, then down $1100 on the other 2 accounts. In disgust I locked the 2 evals saving myself the additional agony. But no, friends, I did NOT stop trading! I went to the LIVE account! WTF Tamm! You are correct, who does that! Well me for starters, and a person who apparently enjoys pain! So long story short, ended the day at a little over $700 in Live account, that's remaining balance! After starting the day at $3,197....So yes friends, I managed to lose $2300 in a single day! largest loss to date in the last 3 months.... For context I have attached my charts, the trades themselves are too embarrassing even in a "safe space" lol... So what did I learn? First, I have to follow my process (well fuck, I need to put it in place first, I currently don't have any processes that I follow so yeah there's that), Second I must put the guardrails up to lock my account once I do reach my daily profit goal of $150 net, which I had accomplished on the Live I just didn't close the platform) and $450 on the evals (which I was really close to achieving but got greedy chasing it). And third, it's okay to walk away on a losing day, in fact it's imperative to walk away on a losing day or do more damage than good. The walk of shame! Oh the walk of SHAME with a big red scarlet letter on the front on my shirt!