
Yeah, I know... these sometimes are things that people say before committing suicide.
I am ok. I know I would sound healthier if I complained as usual, but the profits are doing this to me. They get to my head. In fact I resumed discretionary trading, little by little, as usual. Made 1500 in one week. Maybe I finally understood what it's about.
As long as I don't double up on a losing trade and close it by the end of the day (if I keep it open forever, it will blow out my account, potentially, even just 1 contract), I can do discretionary trading like everyone else, and make money. I know that's not normal, but it seems everyone makes money on this forum at least.
You see, my systems lost money because they were a second late and took an opposite signal (went short intead of long for being one second late). So I got vengeful, and made it back. But then I didn't stop and kept going in the following days, and made about 1200 dollars. I said 1500 earlier because that was what I counted earlier today, but tonight I lost 200 dollars in my last trade. But that was good, because I closed it instead of keeping a losing trade forever open, like I usually do (I didn't have the margin to double up, but I was tempted).
I am starting to feel better, as a trader, and therefore as a person, since, as a friend pointed out, my mood swings according to my equity line.
However, now, if I were the same old travis, it would just be a matter of time before I got cocky, lost on one trade, got mad, doubled up, blew out my account. But as long as I don't double up and don't keep losing trades open indefinitely, I am quite confident I can make money. I mean, my winning trades are just too many. I think I have an edge of about 80% of wins, without exaggerating. Of course, I don't use a stoploss, my stoploss is the end of the day. You see, my strategy is always top and bottom picking basically. So, once a future has gone too much in one direction, I pick the opposite direction, and I am usually right. And if it doesn't go my way in 10 minutes, it does it in 4 hours. If it hasn't done it by the end of the day, then it's time to get out because the next day it could fall just as much. In the last week I made about 8 trades, and only lost on one, today.