Ok, i will post this in the rookie section, cause it was rookie thinking that got me to this point. I was doing good, was profitable for a few months, had a few good runs, and thought I coould do this easily, then it hit. I use a combo of an EA on a few pairs, with what I thought was low risk, to gather pocket change all day, while I wait for the better signals from a different method (DIBS). and this was working pretty well. I even took $$ out of my trading account to use for something else That is about the time it happened, Several pairs hit a strong trend, and the EA got caught, while I was still doing pretty good with DIBS (>500 pip on GBPUSD) it couldn't out weight the losses in the EA's. So now I am down 80% or so (small account only couple hundred US) What I think got me here was exposing my account to too many pairs, and too many open trades at once. And not paying attention to my manual trades, thinking I could just blindly open an order, and it would work out. I am not worried about the $$ like I said it was only a few hundred (I would spend more on a weekend skiing) But the roller coaster emotions are tough, one day i am up 20%, next day down 40%, then down 80% total. What does everyone tell themselves when they hot a loss like that ?? Do you take a few days/weeks ff, or just keep on trading? I WILL NOT give up, but I wont go broke trying either.
What does everyone do when they hit the "Wall"??
Rusty
What does everyone do when they hit the "Wall"??
Rusty