I have blown an entire account in just an hour, my friend. This was the first account I had and trust me it was the absolute worst. I opened an account and traded for a while and kept losing money but then there was this month that I found a method that worked for me and I tripled my account in one month. I was so happy when I was able to accomplish that but then I got way overconfident and I was still a green trader that was not aware of some of the key fundamentals.
The day I lost it all, I did not check for the news that would be coming out that day. I put in the trade and it was in profit but I wanted more so I left it in even when I knew that it was time to jump out. It went south in a few minutes and then I spent the next hour trying to turn it around but it just kept going and I refused to come out of the trade. I was trading with emotions because I started to behave irrationally as I kept putting in trades that just ended up in losses.
At the end of it all, my account was crushed and so were my spirits. I did not trade for an entire month after that because it was really hard to. I was so mad at myself for doing something so stupid. I eventually thought to myself though, that the problem was my emotions in that instant, the strategy itself was still good because I made profits for an entire month before. So I pulled myself together by tried my best to have positive thoughts and to believe in myself.
If you don’t believe in yourself then you will never make it as a trader, so believe in yourself and don’t give up. You are going to have bad days that are going to put you down but you just need to get back up and try again, because at the end of the day you have no idea how close you are to finding what works. Keep on the grind, my friend.
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