Traders make one mistake, then compound it in frustration: oversized bets, overtrading, revenge trading, you name it.
One bad decision doesn’t need more to keep it company. If you get a flat tyre, you don’t slash the other three like a cunt.
Cheers.
@Trader_Dante recently the volatility and headline risk has made it difficult to grip higher timeframe biases, at times it has felt exhausting. How do you manage expectations in this environment? The edge may be in sitting on the sidelines but that’s leaving a lot on the table
@Trader_Dante how does he risk 2R on the inversely correlated pairs and pull off a 6.1R in this market. (Heard you were doing an April EFL after the close of the Gold short)
This morning I have finally closed the Gold short I took on 3rd March.
It’s been the biggest trade of my career.
I want to thank everyone in EFL who sat through it with me and had to listen to me talking about it incessantly. As I said at the time, I was a long way outside my comfort zone.
I’ve made tens of thousands of trades across 25 years. I’m in at one level and out at the next. I’ve held something like this only a handful of times.
I should feel elated. And part of me does.
But I’ve spent the last three days writing my book and reliving a lot of painful times. This morning I’m too numb to feel what I probably should.
That’s trading. That’s life.