Wednesday, November 2, 2011

checking in

The past week has been very difficult as all my family has been sick, I am barely getting any sleep!  Hayden (1 1/2 yrs) has been the worst, with very high fevers and difficulty keeping down milk or food.  He is mostly just keeping juice and water down, but seems to be getting better in the past 24 hours.  Also, hubby is getting through mid-terms at school and turning in various papers, etc., so he is stressed.  On top of this, both of his grandfathers are in very poor health and likely to pass away soon.  With all of this going on, I probably should have stopped trading, as I haven't been able to focus and experienced a bad week.  I feel like every week, I have some break-through that pans out to be nothing...or just further complicates my approach.  I am going back to basics and focusing on the daily charts and pinbars.  That has always been most consistent for me, and with all I have going on in my life, I cannot have time or quiet for contemplating more complex trade entries and exits <--- I think that this has been a large part of my problem.  Sloppiness or bad entries or exits...in general, I am right about the price movement most of the time.  But I mismanage my trades.  With a daily entry, I can set it and forget it, and really only need to check on it once or twice a day.  At this point, I have lost a large part of my initial deposit and it will be a slow journey to build it back up...I have even thought about going back to demo.  But, with as little as I now have to risk, I don't have much left to lose, but at least may build up my account and experience if I trudge forward.  I feel the psychological transition from demo to live was much harder than I was expecting!  The odd thing is, it isn't even about the fear of losing the money for me (which it should be, I definately need it!)...I find that I don't panic or get overly emotional when I am losing money, but I am driven to make poor decisions by greed (wanting to win more, faster) AND that I don't want to be wrong.  Being wrong is worse than losing money to me.  So, time for me to be right...haha.  Ok, so it's way past time to get serious - but losing a lot of money will at least push you to that point.  Now for the slow painful recovery period :/  It is a medicine I must endure, my own fault that I am here!