danny,
When one starting out has high success during times when odds supported anyone to have success, one starts thinking and believing that he is good. As the market starts proving you wrong, you become as the gambler, then little later one might become more desperate and go for that...
My 2 cents: Your losses are a very expensive schooling tuition. That's what it sometimes takes to get good in the market. When I started around 8 years ago I turned 50K of hard earned money into 280K within 6 months and then lost it all. I took a long long break from it all then I gradually...