I have just had my worse run of losses, 4 days on the trot :( i have set goals as to losing days, i dont set levels for profit, i am happy to take a £1 to £100 profit, but my levels for losses are -£25, guess what i have hit that on 4 days running, meaning i am down £100+ it also means my bank is low, very !! so will need topping up.
How did i end up making these losses, well poor disipline, you know you lay x for £x waiting for the price to rise, but it drops and you sit there watching it go from a £1.50 loss to £3, £7, £12.90 hoping it will rise, but it does'nt so you hedge out at £18.78, i am annoyed with my self as the losses incurred could have been so much smaller and because i hit my loss limits, i stopped if they had been smaller losses i could have at least tried to "stay" in the zone.
Hey ho
theres always later on and tommorow.
Cheers
Ron
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Hi Ron,
ReplyDeleteIt must be the time of year. At least you are taking your losses. I cant seem to at the moment which has resulted in my bank going awol. I hope you get back on track soon.
I have added a link to your blog and wondered if you wouldn't mind returning the favour.
All the best.
Steve.
Hey Steve
ReplyDeleteno worries i have added your blog read a little and will do more later, i note that you are in Shropshire having retured? well you are in good company as i live this fair county too.
Cheers Ron,
ReplyDeleteNot back in Shrewsbury yet, moving back at the end of the week.
Good to see you in profit for today.