I Break my trading rule and book a loss of 10k. Starting capital loss in a single day. Any suggestion?
Looks like you do overtrading kind of revenge trading
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Do = karta hai, habit.
Did = kiya, one time.
Agar kiya ho to, bas ek baar kiya hoga. Agar nahi kiya aur jo hua hai, uss ka waja hai to bata dega
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Keep a trading journal. You need to be brutally be honest with yourself. For each and every trade, write down:-
- Any strong emotions while taking trade.
- Any fatigue or distress present(like you had a fight before trading session or woke up with headache because you slept late yesterday night or was working light fever/fatigue to hit goals etc)
- Timestamps along with any extra info like news events was there .
I usually recommend writing both good and bad. After a month , read the journal. It really helps being self aware and avoid making same mistakes. It definitely works!
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Trading journal hard copy or soft copy, which is better?
Hard copy will be good, and as you are a teacher, writing is not boring for you. If not, soft copy.
I think, we can focus more when we write than when we type. I don’t have a journal, but I sometimes write things that I learn.