i got raped by the sp500 this week!

[ian23]

Feeling crap and just want to rant about it a bit.

Just want to put it out there, well today was the clunker as i kept going against the trend knowing all well that i do not short a sp when the dollar is tanking and this on the last day of the week! Damn pissed off with myself and thank god it is weekend cause i will want to trade like a idiot tomorrow after today.
Well thinking of it i was up 500 dollar for the week at some point today and now i am down 500 for the week. This is because i was going crazy with size and had 10 lots at some times which is not how i should roll.

Two days of about a 1000 dollar loss which is totally crap. Tuesday i was down for a similar reason, i was fighting china and got my ass kicked. Then the next day i was up 1200 in the morning and then gave 700 back before close not following my lock in profit rule. So all in all i just had a ****ty week and feel frustrated with the amount of rules that i have broken. Not a big down week i suppose but i feel bad about the poor trading i demonstrated.

 

[Mr. Charts]

That ain't "rape".
You were willing.

 

[Pi3141]

As we all say in the UK, chin up mate

When ur racking up the millions from trading u'll look back at this at laugh

 

[Black Swan]

You didn't get raped, you self mutilated. We all fail at times in this business. Not sure what you're looking for with your post, but what's certain is that you have no MM and weak personal discipline, you also need to develop the ability to take responsibility for your actions...oh and another thing, man up FFS, you can come back

 

[ian23]

You didn't get raped, you self mutilated. We all fail at times in this business. Not sure what you're looking for with your post, but what's certain is that you have no MM and weak personal discipline, you also need to develop the ability to take responsibility for your actions...oh and another thing, man up FFS, you can come back

Yes its all true, i had suffered mental weakness this week and sure that is my fault but sure enough nobody is a robot and will have some times that you will fall of your horse. I was not looking for anything with the post i just wanted to vent my frustration at myself. I have mm and discipline, that is the source of this here rant, the fact that i lost them both this week.

To be sure i will recover next week so all is not ****ed but i am still angry at myself for the moment.

 

[robster970]

So I trade ES too. I have taken one trade this week, on Monday which was a breakout just before the afternoon session kicked off. It's been a very quiet week as price has not been near any RTH closes, highs or lows, H4 20 and 50MA's and Daily 20 and 50MA's. There has been nothing to reverse off, nothing really to fade and nothing breaking out to any great extent. You had Tuesday and Wednesday steaming along and yesterday and today which were just rangy and directionless.

What could you see? Were you trading out of boredom dude?

 

[ian23]

O and to be sure it was not rape but it felt like it and it appears that these days you can get interpol to help you out in such cases.

 

[Mr. Charts]

How do you know what it feels like?
You've not been on a blind date with arabianights have you?

 

[robster970]

I believe not as he mentioned no rodents.

 

[ian23]

So I trade ES too. I have taken one trade this week, on Monday which was a breakout just before the afternoon session kicked off. It's been a very quiet week as price has not been near any RTH closes, highs or lows, H4 20 and 50MA's and Daily 20 and 50MA's. There has been nothing to reverse off, nothing really to fade and nothing breaking out to any great extent. You had Tuesday and Wednesday steaming along and yesterday and today which were just rangy and directionless.

What could you see? Were you trading out of boredom dude?

Good question that. Damn i think the problem was that i was chasing a target i had set and that screwed me up, the thing was that Tuesday was a bad day but i didn't feel bad about it even i lost control over myself and broke some rules and ended down 1000 dollar. Wensday however got to me even when i ended the day up 500 dollars. It was the fact that i traded very well to recoup my losses from the prior session and then at the us open i got in again after i should have called it a day and there was a quick run against me which took me down to 900. So i started thinking i must get back just that 100 and you know you are screwed when you start thinking like that. So after losing another 400 i called it a day.
So yesterday i got 550 but feeling fragile and shaken because of the previous days lack of discipline.
Today i struggled the whole day and by midday i made way to many trades and was sitting at 500 positive and i knew i should call it a day. And then i thought i just have to squeez another 250 to make weekly target but then i started loosing it and it all went down the crapper very fast from there.

So thanks and i feel beter already having to explain my actions.

 

[Mr. Charts]

He didn't do anything self-mutilating with the live hamster.
Not sure who he posted it to, though.
Harriet Harman hopefully.

 

[robster970]

No probs Ian. IMO it has been an odd week and I'm not surprised money has been lost. Volume has been good all week and I think there have probably been a few casualties especially as Tuesday moved 27pts in the day, Wednesday continued the theme and Thursday finished it off. I don't think people were expecting a reaction like that considering how bearish and rangy it's been recently.

Put it behind you, forget the target and get on with it next week. Don't chase the market and switch your machine off if you're having a cr@p day.

 

[scose-no-doubt]

how the hell did he get caught?

 

[ian23]

Thanks robster, plan to take it easy and will have a good next week.

A side note, this week you were better off chasing the market then fighting it like i did, the thing was just the brake down of discilpline really shakes a traders confidence and the feelings of anger at myself is not good and i have now got to make my peace this weekend before i can trade again.

Reading my premarket notes just makes me more angry as i had solid game plans that would have worked out very well and then i went and did the opposite of what i intended to do.

So thanks and i will be in rehab until i can compose myself again in a way that a consistent trader does.

 

[Mr. Charts]

Can't remember. Ask him. He got fined, I believe. Nice picture in the papers. 15 minutes of fame
Not being critical of arabian He's just a crazy dude

 

[Black Swan]

Yes its all true, i had suffered mental weakness this week and sure that is my fault but sure enough nobody is a robot and will have some times that you will fall of your horse. I was not looking for anything with the post i just wanted to vent my frustration at myself. I have mm and discipline, that is the source of this here rant, the fact that i lost them both this week.

To be sure i will recover next week so all is not ****ed but i am still angry at myself for the moment.

Baz Luhrmann dished out this advice with the release of sunscreen ... "Do one thing every day that scares you"... How lucky we are eh?

 

[Pento]

Just a case of poor discipline. You have a plan and don't stick to it: never works out good. When you take a profit on the taboo trade you just forget the rules and feel like you got some cheeky money out the market. When it goes against you then you remember the damn game plan and blame yourself for not following it. Not you personally but I mean traders in general. Either have a game plan and stick to it, or trade on instinct and forget all the other nonsense rules.

You said a couple time that you were up 500 on different occasions this week and "knew I should have called it a day". Why??? Is it because you are up the roundish number of 500 or because you have no more trade ideas/signals left?

 

[rathcoole_exile]

It's been a very quiet week as price has not been near any RTH closes, highs or lows, H4 20 and 50MA's and Daily 20 and 50MA's. There has been nothing to reverse off, nothing really to fade and nothing breaking out to any great extent.

it was a lovely week.
I missed the first Short from R3 at 1191 'cos it was too early on the Monday,
but got both Longs from S3 at 1174
and the BreakOut Long from R4 at 1200 all the way up to FTP-R2 at 1219

 

[robster970]

it was a lovely week.
I missed the first Short from R3 at 1191 'cos it was too early on the Monday,
but got both Longs from S3 at 1174
and the BreakOut Long from R4 at 1200 all the way up to FTP-R2 at 1219

Nice work RE. I had a stunning November (well for me anyway) and as soon as it hit December nothing was going near any of my levels. See how it goes next week for me, I could do with it not being so quiet.