I finally lost
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Sep 5th, 2007, 02:24 AM
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#1
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HSM Addict
Join Date: Apr 2006
Posts: 2,206
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I finally lost
I won every night for 2 straight weeks. Tonight, I lost. Damn, this sucks. I had a lot of money on it too. I kept inching the units up and up so now I'm back where I was two weeks ago.
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Sep 5th, 2007, 02:38 AM
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#2
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HSM Addict
Rank: Junior Analyst
Join Date: Jun 2006
Posts: 2,888
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Whoooaaa horsey! One losing night should not put you back two weeks. I'm not here to tell you what you can and cannot do, so if you've already thought about this then fine... but we all have bad days and most people won't get anywhere if one night can set you back two weeks.
If you can manage to only have one losing night every two weeks (and keep that losing night small), then you'll be on a great track.
__________________
Do not try and bend the market. That's impossible. Instead... only try to realize the truth.
There is no market. Then you'll see, that it is not the market that bends, it is only yourself.
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Sep 5th, 2007, 02:46 AM
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#3
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Moderator 
Rank: HSM Hitman
Join Date: Feb 2004
Location: darkest scariest corner of your soul...
Posts: 8,972
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If you double up on every trade you win--it takes one loss to lose it all... learn from this--don't let greed dictate your trade sizes..make trade plans and stick to em rigidly...
-w
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Sep 5th, 2007, 04:33 AM
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#4
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HSM Enthusiast
Join Date: Jul 2006
Posts: 647
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Go big or go home! lol, no, i agree with the rest, was just reading about this tonight in an article about *your* trading style and trading psychology. A lot of us do this and it's what holds us back according to the author. anyhow, if you've won two weeks in a row, I think you can do it again! GL!
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Sep 5th, 2007, 05:15 AM
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#5
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HSM Newbie
Join Date: Apr 2006
Location: Chicago/Reno
Posts: 151
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my thread title should be "i finally won"... wish i could get in your shoes.. nice quote bbqchick
See below:
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Go BIG, or Go Home
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Sep 5th, 2007, 09:56 AM
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#6
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HSM Addict
Rank: Senior Analyst
Join Date: Oct 2006
Location: NY
Posts: 4,853
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Quote:
Originally Posted by Morpheus
I won every night for 2 straight weeks. Tonight, I lost. Damn, this sucks. I had a lot of money on it too. I kept inching the units up and up so now I'm back where I was two weeks ago.
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One loss wiped out 2 weeks of gains? 
Did you snooze on a stop loss?
If not was it an small upside to a big downside issue?
__________________
Price is simply the 2 way auctions method of advertisement. Volume measures the willingness of market participants to transact at the advertised price (AKA perceived value). 
My thread of insanity...
http://www.hotstockmarket.com/forums....php?p=1310997
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Sep 6th, 2007, 12:29 AM
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#7
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HSM Enthusiast
Join Date: Feb 2006
Posts: 534
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Yeah that averaging up/down thing has kicked my butt plenty. Don't do it anymore. I sometimes will cash out some PIPS while riding the wave, but I don't throw money at a losing situation hoping to make it up. In for a penny, in for a pound is BS.
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Sep 6th, 2007, 12:50 AM
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#8
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HSM Addict
Join Date: Nov 2006
Location: KY
Posts: 1,720
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Well I guess its better that you lost since winning is so damn hard on you...
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