Hi guys,
I know its my first post but i've been reading T2W for a while and was hoping to raise a smile or two and maybe a few friendly words of advice .
So bit about me i've started trading recently after 6 months of paper trading and being successful using demo accounts etc. This is after working on a trading strategy for about 2 or more years. So the big day came and I credited the account and blew it all in a few days
- this was about three months ago. Realised that my account level was to small to over come the spreads and that i needed to be more disciplined to my trading strategy :idea: So with this in mind i saved up my pennies and credited more to the account.
Dont need any guesses as to what happened next do ya?
Made some successful trades and thought I had it cracked so I then
1). upped my stake - i dont know why
2). went to sleep whilst having a trade on (i work nights and trade the dow/spx)
3). Completely blew the lot
This is even after I drew up a checklist to mark off all the things I can and cannot do as I enter a trade.
Did i use it - did i hell!
The worst thing is i reviewed what had happened the way I should have traded as per my strategy and it would have been a bloody good week so far - oh and i worked out how much i've blown so far £1000+ not good for me being as im pretty poor.
So guys the question is what is wrong with me and what can i do to fix it. I have read nearly every single post on keeping your cool and trading psychology and I also feel that my strategy is pretty good and I have complete faith in it. Its just that im the weak link i suppose.
All comments good, bad or particularly funny will be much appreciated.
Thanks Darren
I know its my first post but i've been reading T2W for a while and was hoping to raise a smile or two and maybe a few friendly words of advice .
So bit about me i've started trading recently after 6 months of paper trading and being successful using demo accounts etc. This is after working on a trading strategy for about 2 or more years. So the big day came and I credited the account and blew it all in a few days
Dont need any guesses as to what happened next do ya?
Made some successful trades and thought I had it cracked so I then
1). upped my stake - i dont know why
2). went to sleep whilst having a trade on (i work nights and trade the dow/spx)
3). Completely blew the lot
This is even after I drew up a checklist to mark off all the things I can and cannot do as I enter a trade.
Did i use it - did i hell!
The worst thing is i reviewed what had happened the way I should have traded as per my strategy and it would have been a bloody good week so far - oh and i worked out how much i've blown so far £1000+ not good for me being as im pretty poor.
So guys the question is what is wrong with me and what can i do to fix it. I have read nearly every single post on keeping your cool and trading psychology and I also feel that my strategy is pretty good and I have complete faith in it. Its just that im the weak link i suppose.
All comments good, bad or particularly funny will be much appreciated.
Thanks Darren