Thursday, February 28, 2008

bad

-$1300
10500 shares
grade -10,000

Well, it could've been worse. At one point my unrealized profit was -3000. I got in to this hole by shorting EOG. I hope one day the pain will be severe enough that I will snap out of this destructive behavoir. I'm goning to cut down my size for a while, until I can get rid of this trading aginst the trend habit.

Go with the trend.
No averaging down.
No revenge trades.
at 4:08 PM
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2 comments:

Bubs said...

I always have the same problem to. I can't break just 1 rule I end up breaking all my rules on one stock. Average down, pull stops, revenge trade, etc...

February 28, 2008 9:07 PM
Addict said...

Yup, once the rule breaking starts, it snowballs. The first few losses weren't that bad usually, then the loss just grows exponentially with more mistakes. Self control is the hardest part of the game.

February 28, 2008 9:23 PM

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