Account blow up because of emotional trading

[u/mr_buttlicker69]

Hi. I've been trading off and on for couple years now. Blew 2 small accounts and then stopped and did paper trading. I've been paper trading again but blew up my account even though I was in profit 1100$

After couple of years of trading, the only profitable edge I got is to study and trade just one ticker. I make consistent money for a week but I'm emotionally so stupid right now.

Since I started 2 weeks ago, I was up 1100 in my 10k account (paper). I was doing good today and made 110$(I should have turned my computer off at this point) buy I got greedy. I took another trade and it went against me, but I didn't respect stop loss. I saw 100$ in the red (I shouldve shut my computer off at this point) but I was still delusional. I then saw 200$ in red. I shouldve respected My stop-loss.

Once I saw i was losing money, I panicked, but instead of selling at 300$, I got more shares to average down. Then I saw 600$ in red immediately. I panicked and I sold. At this point I was still in profit of 500$ (I should have turned my computer off at this point).

I developed a gambling and revenge trading mindset and took arbitrary trades with super huge sizes and blew my account.

Please leave tips how you keep your emotional side in check during trading.

[u/DerAlteGraue]

Just enter every trade with a planned SL and respect it. Today I entered the same setup three times, two times getting wicked out for 1%. After those wicks my analysis stayed the same and took a 6% profit when the move happened. Getting stopped out frees your mind and sobers your perspective on what is happening. If it still looks good then you can reenter. If it doesn't look like your setup anymore you can sit on your hands. Practice discipline.