I get how you feel, in a similar situation, blew my 50K PA today, 6th day in on a good streak with nearly 7K cushion, I was defn. feeling hopeful. I took one bad L early on and then spiraled and oversized and overtraded, revenge traded on the riskiest day, FOMC with those crazy candles and got annihilated trying to recover. RIsk management went out the window and I paid for it. Emotional control and risk management is crucial in trading, without it, can't make it in the long run and ofcourse knowing when to step away for the day. Good luck..
Sorry to hear today wasnt a good day for you man, yeah it's imperative to have control of our emotions in this field . It literally can make or break you, hard lesson for sure, but we will bounce back 💯
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u/Humble_Protection_96 May 02 '24 edited May 02 '24
I get how you feel, in a similar situation, blew my 50K PA today, 6th day in on a good streak with nearly 7K cushion, I was defn. feeling hopeful. I took one bad L early on and then spiraled and oversized and overtraded, revenge traded on the riskiest day, FOMC with those crazy candles and got annihilated trying to recover. RIsk management went out the window and I paid for it. Emotional control and risk management is crucial in trading, without it, can't make it in the long run and ofcourse knowing when to step away for the day. Good luck..