The trading gods hate me
I was able to make my monthly goal during the first few days of March. After an awful February, I thought it would be nice to sit on my winnings and trade with a simulator to test some strategies. I found a strategy that was working very well. Yesterday the strategy was up over 8R.
I decided to do some more testing this morning. The market opened kind of scratchy anyway. So I took several trades to test out how the strategy performed right after the markets opened. I found out it performs quite terribly. After losing a bunch of "sim" cash, I decided to switch back to my real account and take a trade on SPY.
I found out switching was unnecessary, because I was ALREADY USING REAL MONEY!!! I had forgotten to switch the account and took hit after hit using my real account. I felt sick.
The rest of the day was spent trying to earn back what I had lost. This never works, and it didn't work this time. I added another 500 bucks to my losses.
Of course my father called after the market closed. He really doesn't understand what I'm doing as a trader. He asked me how things went for me today because he assumes that whenever the market is up I make a lot of money. I didn't have the guts to tell him that I'm a moron and I lost a bunch of money while I thought I was pretending.
They say a loss hurts much more than a win feels good. They are right.
1 comment:
S.C., You just made a small mistake, don't beat yourself up, it could happen to anyone!
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