Nothing in the plan was wrong, I read it twice and I wasn't ready to execute...mainly because my greed got in the way. The very psychology that I've studied for months to not pay attention to big candles is what doomed my account...I got careless and overleveraged...my bias was correct; however, I couldn't sustain the wicking as eroded my account and then my confidence. And then I became the revenge trader, the knife catcher, FOMO, gremlin...all the emotions we're taught not to succumb to...by the time I gathered myself the account was destroyed...Price Trader you gave us every scenario level by level and I failed to adhere to the guidance because of greed and FOMO. NOT YOUR FAULT but my own misguided interpretation of trading when I see big candles...that was the setup and I fell for it hook line and sinker!!!
Nothing in the plan was wrong, I read it twice and I wasn't ready to execute...mainly because my greed got in the way. The very psychology that I've studied for months to not pay attention to big candles is what doomed my account...I got careless and overleveraged...my bias was correct; however, I couldn't sustain the wicking as eroded my account and then my confidence. And then I became the revenge trader, the knife catcher, FOMO, gremlin...all the emotions we're taught not to succumb to...by the time I gathered myself the account was destroyed...Price Trader you gave us every scenario level by level and I failed to adhere to the guidance because of greed and FOMO. NOT YOUR FAULT but my own misguided interpretation of trading when I see big candles...that was the setup and I fell for it hook line and sinker!!!
Cheers to you my Friend!
Thanks Travis… acknowledging it is part 1. Then slowing down and going small sized at the next best opportunity… that’s how it starts.
You got this💪