I have stopped out big time 2 weeks ago and we are now down to only 70% of our original balance. I had one time at 60% profit! But the recent volatility has caused great pain and accelerated my learning.
Thank god for Yee's support, instead of crushing my confidence she encouraged me. I was so grateful for her. She knows how badly I wanted to leave my job.
The lesson learned for me was:
Change the stop loss strategy, and pick stock more carefully.
I am not experimenting the new algorithmic order entries in TOS software, if it works, I should be good to go.
No matter how good the strategy is, trading stock options is still a risky business.
Wednesday, July 25, 2007
Tuesday, July 3, 2007
Still stucked in the mud
Since the day that all my trades were stopped out, I have been in a sideway trend. Actually on a slow down trend. Maybe I should stay away. Today I was very close to get back on par ($4,000) but could not make it. I went to have a 5 mins talk with a guy and everything went the wrong ways for me. My Bear positions went up and my Bull positions went down.
What a day! I am totally wasted and emotional about all these. Seems like every time I got upset about someone or something by trading decisions went bad. Of course I had my exits defined before I trade, but I got so impatient that I did not follow my predetermined exit. I just wanted OUT.
It is difficult for me to be in a place which I don't belong everyday. It is really getting to my nerves.
What a day! I am totally wasted and emotional about all these. Seems like every time I got upset about someone or something by trading decisions went bad. Of course I had my exits defined before I trade, but I got so impatient that I did not follow my predetermined exit. I just wanted OUT.
It is difficult for me to be in a place which I don't belong everyday. It is really getting to my nerves.
Subscribe to:
Comments (Atom)