[TEMPER TEMPER]
Vital lesson here from today:
I experienced the nasty side of trading today - a loss of control and a violent reaction caused by anger. There is a hole in my wall, and I after getting an X-Ray I have suffered a Boxers fracture in my right hand, breaking the bone in the picture.
I lost size on GM after a huge sell-off after a 15-minute 'delayed news /slash/ conveniently timed' downgrade. I lost on X after it moved nicely above the 200EMA, confirmed, and then for absolutely no reason, and I suspect because my broker made it, it gapped down intra-day by $1.50 and stopped me out.
After a bad trade in BARC this morning I'd had enough of this crap and lashed out at my unfortunate wall. I had the foresight to hold a cushion to the wall when I hit it, but I must have been angrier than I thought, as I still punched through the wall and broke a bone.
To rub salt in the wounds... well I bought X at $132.84 and I got stopped out a stick later on a no reason intra-day gap down at $131.5. X closed the day at highs at $138.75 [$236 profit].
Also the trade I didn't enter in RIG closed at $131.5 after highs of $132 after choosing X over RIG when RIG was $126.8 [$188 profit].
The moral of the story:
Charts tomorrow..
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I experienced the nasty side of trading today - a loss of control and a violent reaction caused by anger. There is a hole in my wall, and I after getting an X-Ray I have suffered a Boxers fracture in my right hand, breaking the bone in the picture.
I lost size on GM after a huge sell-off after a 15-minute 'delayed news /slash/ conveniently timed' downgrade. I lost on X after it moved nicely above the 200EMA, confirmed, and then for absolutely no reason, and I suspect because my broker made it, it gapped down intra-day by $1.50 and stopped me out.
After a bad trade in BARC this morning I'd had enough of this crap and lashed out at my unfortunate wall. I had the foresight to hold a cushion to the wall when I hit it, but I must have been angrier than I thought, as I still punched through the wall and broke a bone.
To rub salt in the wounds... well I bought X at $132.84 and I got stopped out a stick later on a no reason intra-day gap down at $131.5. X closed the day at highs at $138.75 [$236 profit].
Also the trade I didn't enter in RIG closed at $131.5 after highs of $132 after choosing X over RIG when RIG was $126.8 [$188 profit].
The moral of the story:
- Loosen your stops
- Stick to your gut feeling
- Do not lose your temper
Charts tomorrow..
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