Anyhow figured the blowout.... makes sense. Anyhow gonna take a break, clear the decks and schedule some time to do this rather than doing it in the gaps, and multitasking.
I need to think through a money management and trading system that I can live with..... i am sort of reeling from my blowout. It means what I was doing was badly designed in terms of the trader/market system.
I think the problem is that I have limited time, and it is irregular so i am sitting...
Nkay enough self flagellation. Adjust to account for the psychology that caused the meltdown. -> too goal orientated. Need to get a much more "hunter gatherer" vibe to the system rather than a clock on clock off vibe.
maybe the game is 1000-> or bust. The design principle needs to be about...
Oh well. Draw a line under that. Ac Equity 1000. Max Risk 5%. Here goes.
i have - a system, record keeping, ideas on what I want to do, some specific problems to solve.
I think part of the problem is I am not a grinder by temprament. I think i will play the same pattern with 5% risk 1000->1100, and get really selective.
I was getting bored with the grind. Need to find a pattern that suits my temprament. Gives me success that I can lock away and start again with.
I am so pissed by my failure at this point.
Urtterly annoyed at myself because it puts me back from really getting into this with real money.
Arrg. I must analyse what went wrong. Firsrt thing i know is I was pushing to make a 50 and ended up blowing the account. Thats the problem - i wont...
closed for night.... big loss. margin called.
Can see how you fall into these account busting traps.
Oh well start again tommorrow. with 1000.
There is no way out of a losing deal other than closing it. Doubling down just doesn't work. The market can roll you before you know it.
Its why im...