Jan 6 • Market Talk
Tilt Mode - Activate
So I haven't been in the group for a few weeks. Initially my plan was to stop trading the week of Christmas and not resume until 01.06.2025. That all went by the wayside since I had so much free time on my hands during the holidays. I traded and actually did quite well....until I didn't. I actually ended the year on a positive note, and was actually in profit on my 2 evaluations and was pretty close to reaching my profit target within about 10 more days of trading.
Then I mucked up and traded on 01.03.2025 and lost about $1200 in a single day on both accounts, reaching my Daily Loss Limit. Oh well, I thought, just suck it up and get read for Monday! Monday, today rolled around, and I quickly found myself down again!
Instead of just stopping and regrouping for the next day, I canceled the accounts and started 2 new accounts! I must literally be nuts at this point! I started the accounts with a much smaller profit target and much lower Daily Loss Limit as well, thinking "okay this will surely help me with my over-leveraging issu". Thankfully I reached my Daily Profit target, but now I feel completely ashamed and embarrassed that I canceled 2 accounts and started new ones when all I had to do was WAIT.
The emotional side still gets me at times and I am struggling to control that little monster of greed and FOMO. I did really good for the entire month of December actually. But mentally, I still struggle with accepting a losing day, it's like my mind sees RED/ANGER seeing a net losing day and I find it really hard to just walk away from the charts.
So I did sign up for the reframe and I am hoping that the 30 days will help me get this under control better so I am less impulsive in this manner. My other goal is to work on controlling my risk especially when I am in drawdown, that seems to be my other issue over-leveraging when in drawdown. I manage my risk pretty well when I am profitable but as soon as I see red, I start to just go tilt mode.
At any rate, I am determined to overcome these issues and keep pushing forward. I made so much progress that now I know the final link is to get my emotions calmed down a bit and lean into my edge more. Looking forward to the Reframe 1x1 and digging into that more!
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Tilt Mode - Activate
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