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I could have exited with profits but then I thought of making more profits but the rest 3 tades I picked were on the losing side.
Thus I ended up losing all the profits made in last 3-4 days. Please don't start with greed related stuff but how do you deal with the day ?
I'm a bit laughing as I'm making this post because this is the exact same experience that I've experienced back a few years ago.I could have exited with profits but then I thought of making more profits but the rest 3 tades I picked were on the losing side.
Thus I ended up losing all the profits made in last 3-4 days. Please don't start with greed related stuff but how do you deal with the day ?
Making profits in most of my trades and then a single wrong position wiped out all of my profits that I made in days.
What did I do? Hmmm, I simply went out of our house, played anything on my phone or just scrolling on it. Anything just to divert my attention because TBH, you'll feel disappointed in yourself especially if you've experienced it for the first time, and even you've experienced it many times, you will feel disappointed in yourself because you let that thing happen again, and again, and again. That's what I felt at that time. Overtime, those mixed emotions will just disappear like nothing happen and from there, you will decide on whether you will continue to trade or not.
I will not speak about the greed-part because we as traders make mistakes still especially when we trade on futures.
Making profit from previous trades then losing it all and having your capital damaged cause of a wrong trade.
And whenever this happens I would usually take a break to calm myself in order to clear my mind to make a better judgement or to avoid making a reckless trade just to chase what I loss.