Day 8:
Beginning of day: $40979.67
End of day: $37205.25
P/L: ($3,774.42); -9.21%
Where to begin. Remember the guy that was talking about how he will not have big losses again? Telling himself to play defensively and control position sizes. I believe that was just earlier this week. Well, you can see the results. Day started out funny reading the T2W posts and in the meantime missing an easy rally that was happening in the markets. No big, there was plenty of easy moves to capitalize on in the morning. It was really a matter of picking one and seeing if it will go up higher than the stock next to you. It was easy and obvious, and I thought anyone that loses money on a day like this is a fool. Well, I'm up over 3% and about to start my work (had lots of work to do today). I'm about to close my screens when I see a potential move in NFLX. Oh, I made money from NFLX and JBLU for the earlier 3% gain. I thought if the market helps, this day could be the day NFLX can gain 2% or 3%, possibly up to 5%. I get in. Drops. I add. Drops. I add. Slowly dropping and I'm going wtf am I doing. Now it's past my stop target and my P/L is like +$200 for the day. "Hm. What to do. I really deserved this. This was not a carefully thought out trade. Wow I can't even believe I'm up for the day. I wouldn't be surprised if I was down $5000 today." That is really how I was trading and I felt like garbage. Yea that summarizes the whole day. Garbage. I for some dumb forsaken reason hold onto NFLX because I'm so disappointed in myself. I felt like I should be negative for the day for how I traded. I hold. Waiting for the bounce. Rally. Nope. I exit.. down 2%. I'm not even sure what I did today. Such an easy day and good earnings for the day, yet I couldn't stop. I was pretty out of it. Low volume throughout entire stocks now. I just put my money into VALE and just let it sit. Meanwhile doing work I needed to get done. Vale drops. A lot. Now I don't know why I put the money in or why I didn't set a stop. I just don't know. Can't concentrate on stocks and can't concentrate on work. Gotta get this finished yet gotta think what to do with VALE. Seriously considered thinking of quitting trading today if this is how I'm going to trade. This is just like my old self coming back. Cocky and confident after couple winners, and losing. Ego problems maybe? Not sure. Gotta think deep about this one tonight.
Giving myself 1- stars today. What more to say? Surprised I only lost the amount I lost today. Should've lost a lot more.
