I’m Fried
November 10, 2006 by Trader Rich
I lost about 30 pips total this week and felt very burnt out in the process. I've been trying to do so much and as a result, feel like I've accomplished nothing. I need to regroup and get more organized.
I hope you all had a good week of trading.
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This is a bit philosophical but would you have felt the same if you had netted a profit?
The element of chance in the markets is strong, such that regardless of how much hard work you put in, there is always a fairly high probability that in any given week a trader will net a loss.
It may be more productive to ask yourself if you are doing all the right things along the way. If you are, and you have a sound process, maybe you should just ’see through’ the loss as a part of the process.
From a fellow trader who has not been fried so much as toasted to charcoal crisp!
anyway, all the best in the future!