That's what they will write on my tombstone, "Failure to Maximize Gains". Same damn mistakes as Monday. Too complacent! You can't eat like a bird in this business. You gotta be a pig when you got the market on the rails like I did today. You gotta go for the #$!& jugular and tear it's throat out. Instead I rationalized my weak will with thoughts like, "oh I don't want to wait for it turn against me", "I don't want to have to add to another position today, it's too stressful". NO!
I KNOW that eventually I will need to take my lumps in this game. It is inevitable. If I don't take advantage of when the market is favorable to my trading, I won't SURVIVE the bad times.
This should have been a +38 pip day, was actually +25 on 25k.
Yeah, pissed at myself. Need more focus. Need to get back to thinking that I am -50 pips in the hole and I GOTTA make it back.
Online Encyclopedia of Trading Psychology
17 hours ago