A Day of Day Trading Mistakes. Learn From Them!
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I did really well in the morning with 2 solid trades, +250. I was stupid and decided to take a 3rd trade and gave back all of it, and I averaged down on my spy puts too, which pushed me in the hole super fast. I decided to take a few mins to clear my mind and got back to +165. I knew immediately it was time to shut down. Not making that mistake again trying to short the market when it’s surging.
TX for the recap. It was aweful day bought PUTS on SPX and held them long bIG loss .Was spoiled last few days making $ buying PUTS !What a lesson!
Yup Ed , just like you teach us always , our biggest enemy in this business is “Us” not the market.We got to the fight the feel of defeated when we have a bad day and fight the feeling of “invincible” when we have a good day, we must have that balance always stay in the middle .2019 is yours , 2019 is ours .All the best Boss.