After the fiasco 2 weeks ago, having been trying to make back the money. Made 500 on Wednesday, but loss back everything on Thursday...... what is wrong with my trading?
One reason, is the trade of TXU, went to buy option thinking that to hold it for long term, but never expect that the impact of the loss on Thursday have such great impact on the portfolio result..... lesson learned... do not trade too high value stock, even if it is option, still need to follow the rule.....
Also, think has been trading too many stocks.. need to think how many stocks to restrict myself to trade...... this will help in money management in term of position sizing, and also over-trading.
Came back this morning and told my wife about the trading losses, she said maybe I will be better off trading at home than go to Apollo centre... maybe.......
Feel very sorry for her to have such a useless husband line me.... if I were good, she should be staying at home instead of working.... I want to give here a good life....
And I have my this bloody job.... just get so sick about it... when can I get out of it..... looking at my current situation, I really cannot afford to do trading full time..... I don't know what I can do anymore.... feng shui, fortune telling, seminars... attended all..... supposed to turn for the better now, but instead live thru this year in hell...... can GOD help??
Friday, November 11, 2005
Thursday, November 03, 2005
Here it goes again....after a few days of hardwork, make money consistantly , 100-200 per day, then blow it all off yesterday... loss 500 over ... if not for some other position, would have lost 700...
What's wrong with me?? I vowed to be a better trader, but did not follow my rules.......especially on GOOG.... maybe should revert to basic and trade IWM and AAPL..... GOOG cost me $486, IWM cost me 163... if I did not trade GOOG, I would have been up for the day.....
Remember my objective is to be a better trader and not to be right and certainly not to take revenge on the market like GOOG just becasue I lost money initially......
Go and diasect all trades and see where is the mistakes....
What's wrong with me?? I vowed to be a better trader, but did not follow my rules.......especially on GOOG.... maybe should revert to basic and trade IWM and AAPL..... GOOG cost me $486, IWM cost me 163... if I did not trade GOOG, I would have been up for the day.....
Remember my objective is to be a better trader and not to be right and certainly not to take revenge on the market like GOOG just becasue I lost money initially......
Go and diasect all trades and see where is the mistakes....
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