when you catch yourself stating to trade poorly you should stop trading because something Has changed. you go from trading to gambling.
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flat lost 500 bucks and it was very risky. it should sell hard now.. that I am out. I should have taken the first opportunity to get out at almost break even earlier and reshorted it that would have been a smart trade.
The russell really up this many days in a row a full rotation like this.. i don't believe it but its real. my P&L says so
also did not take into account the time of day. YOU CAN ALWAYS GET OUT and REENTER.. wow always so easy after the fact
real battle going on here inteh russel.. wow. i was given a gift to get out of all 11 with a 250 dollar loss and GREED and my not wanting to be wrong got the best of me.. now down 1219 so the answer was yes take the small loss. YOU CAN ALWAYS RE SHORT IT. crazy action now.
i got half of it back what is the move to make now? take half off take a loss or hold it longer and hope to get it all back and then some?
funny i can hold when even at a huge loss as my loss decreases but have trouble doing this for gains. so weird.
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i got to this point in the R2k by a lapse in discipline and thinkning that i know the market instead of trading the market. just because it doesn't make sense that the russel is up this much in 3 days . tht doesn't mean put on your biggest short all week before the move starts.
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i am up 2k naz 800 in oil now, 100 gold, and i was 1540 in R2K but now only up 140 on russel
I see it as I have 2900 to play with still on the russel
what should i do? what do correct trading rules say?
I want to short more on the next rally
russel has sucked me into full postion short with a terrible average price never any place for error. i could have been out and reshorted numerous times but i did not. this one could the "HUMBLER"
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