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Catching Big Waves - a trader's journal of surfing the the markets


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Catching Big Waves - a trader's journal of surfing the the markets

  #4321 (permalink)
 greenr 
london/england
 
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GaryD View Post
I don't have an answer right now Mike. The fact that I was able to lose conrol of my own trading recently has caused a major disturbance in me. I thought I trusted myself. I thought I knew myself.

Hey Gary...do you not see this


GaryD View Post
"The fact that I was able to lose control of my own trading recently has caused a major disturbance".

a sign of just overconfidence and a warning to keep on your TOEs

Was you on a "Winners High"......?

I still get glitches its just recognizing and protecting your account and learning to re correct this bad behavior

" I will follow my rules, I will take my stops, I will be disciplined and i will work with the market....NOT AGAINST IT! Professional mind control is the key"
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  #4322 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
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greenr View Post
Hey Gary...do you not see this



a sign of just overconfidence and a warning to keep on your TOEs

Was you on a "Winners High"......?

I still get glitches its just recognizing and protecting your account and learning to re correct this bad behavior



My problem is, I really can't say what caused it. I was risk averse for a long time, trading well, managing my account well, then one day I decided the market was going to run up, it didn't, I added in, it fell more, I dumped it, it started up, I went in again... Heavy still, feeling the curse of needing to maintain the same size to make it back...

Just a horrible trading experience for me after feeling like I was years away from doing somewthing that stupid. And the blow I have taken psychologically has been far more than I imagined it would be. Like I shattered a lot of beliefs in one day. I cannot believe myself. What the fuck happened?

Still very shaken, still very unsure, it was enough of a shock I went back to my doctor to confess my loss of control, feelings of regret, issues with still dealing with past losses. He put me on 3 separate perscriptions. That made me feel even more unsure about my mental state, motivations, discipline, etc.

I am going to watch my trades fror the next few weeks and make a decision to either shake it off and continue wiser, or step away entirely. I hate to consider it that way, but if my mind is not ritgh I will never get beyond this, in which case I am better off getting out.

Just a very low experience for me. I have lost weight, not slept, paced the house, not gone to the gym... I felt like I broke every rule I had, as if I were not even there for that day. Shameful. Infuriating. And possibly destroyed my hopes of mastering the psychology required to become a full time trader.

I don't know man, I knew moving back into this house had some bad energy to it. I had avoided this entire part of town for several years. But that may also just be an excuse. I think I may always be a little angry deep inside of having lost everything we had once, and wanting it back. Wanting to go back in time and do things differently.

I know that is silly. I have felt so far above that so many times. But today I just feel lousy, broken.

Started this thread
  #4323 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
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GaryD View Post
The fact that I was able to lose conrol of my own trading recently has caused a major disturbance in me..

Can you give me a post #? I must have missed this post and not sure where it is.

Mike

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  #4324 (permalink)
 
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 sleepy 
London, UK
 
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Mike ... #4320


GaryD View Post
My problem is, I really can't say what caused it. I was risk averse for a long time, trading well, managing my account well, then one day I decided the market was going to run up, it didn't, I added in, it fell more, I dumped it, it started up, I went in again... Heavy still, feeling the curse of needing to maintain the same size to make it back...

Gary,

Do you have a written/mental daily loss limit?
Or did you just consciously over ride it on this occasion?

sleepy

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  #4325 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
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sleepy View Post
Mike ... #4320

I don't think so, or am confused.

Mike

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  #4326 (permalink)
 
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 Daytrader999 
Ilsede, Germany
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@Big Mike I' d say that Post No. #4311 is the one...

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  #4327 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
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GaryD View Post
I went back on the medications becasue I took a hard hit a few weeks ago. After years of succesful trading and risk management, who knows why, I found myself in a trade that went against me, after I was up a few grand, and the next thing I knew I had averaged down way too heavy, and was losing. I wiped out all of my wins for the past year in about 5 minutes.

OK I think this is the above post being talked about, I see it now.

@GaryD, I know I sent you a PM, but I would like to publicly re-emphasize that you need some time off to re-evaluate and collect your thoughts, make sure you are moving forward and not in a circle. Take a month or two off from trading to clear your head.

Mike

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  #4328 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
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Big Mike View Post
OK I think this is the above post being talked about, I see it now.

@GaryD, I know I sent you a PM, but I would like to publicly re-emphasize that you need some time off to re-evaluate and collect your thoughts, make sure you are moving forward and not in a circle. Take a month or two off from trading to clear your head.

Mike


You're right Mike. I don't know what to do about it. I was doing so well. I saw the pressure increase around the time someone on this thread said I should consider increasing size. I know it was my choice, but it started this push into trying to break through barriers. I guess I did, but in the wrong direction.

I was up every day for a couple weeks, took a few great trades that day, then had one turn on me and out of nowhere, went in from 1 to 5 to get back to even. Lost. Then 15. Then 25. It was horrible, and I still have no idea what got ahold of me in those few moments. It was like I stopped thinking, like I was not even there.

And then I just sat there and stared at what I had done. For hours, alone in my office, wishing I could rewind.

How could I destroy years of work in a short afternoon? I feel sick. To have put so many years into this, so much hard work, so much into the psychological pursuit, and then fall apart.

I still have more than enough in my account to trade, but I have been tempted to close my account altogether. This slip was major to me psychologically. I really wish there was someone "live" I could talk to.

I appreciate all that futures.io (formerly BMT) offers. I felt I found a place where I belonged.

Today I feel like an outcast, a failure, my own enemy. Horrible.

Thanks to everyone. Very sorry about the failure.

Started this thread
  #4329 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011


Started this thread
  #4330 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
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GaryD View Post

Feels good to get it out...

Mike

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Last Updated on May 23, 2014


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