If you've read my last post, I suggested putting a firm trading rules, and pretend having a boss which is abroad, that will give me a big bonus if I'll keep up with the trading rules, that means I wouldn't get my bonus if I keep up like this.
Trading rules broken:
1. Only take trades that are suited (entry point is logical), and if my mind is clear (didn't revenge trade). - I revenge trade since I've lost money on a stock... bad for business.
2. I take my stops when I'm supposed to. - I took stops after I lost a little more than a R.
3. If I lose money twice in the same stock, I stop trading it for the day. - I lost money twice in AMZN and kept trading it.
4. Exit a position if I'm negative after 10 minutes. - I waited longer than I should have in VDSI.
5. I'm done for the day if I have 3 consecutive losing trades. - I did have 3 consecutive losing trades and I still didn't finish the day.
6. I'm done for the day if I am down more than 2R. - Looking on my daily journal, I did lose more than 2R didn't I? twice as much? more? ....
Looking at things, it seems that I had all of the reasons to quit, and yet I didn't what a shame.. I'll be printing my Trading rules so I'll look at them before each and every trade I make, I guess any one of those rules could of helped me not losing 4R, I could quit before but I just had to "play with luck" and prove again that "I must be right".
Toasted today..
I will trade tomorrow, only with paying close attention to my Trading rules, the boss won't be happy if he'll come back and see that I kept breaking the rules every day.. he might.. fire me? (or I might just blow up my account hehe).
Hope everyone else had a better day,
Tomer
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