The reasons for not trading over the past few months are mostly connected to me blowing my account, adding to losses and breaking every rule there ever was. It has been a humbling, frightening and nervous period which I will explore at length in a series of articles I want to write on the reality of trading. The series will be entitled “The psychological anatomy of a losing trade” and hopefully I will get some time to sit down over the Christmas period and document the six months that the saga went on for. With the series I want to try and get away from the typical analysis and have a more thorough look at the emotional implications of how emotion can override logical reasoning.

My account is now a shadow of its former self but instead of trying to get it back I will be concentrating of gaining 2 points per trade. Improve my trading and establish key rules and behaviours that over time will become second nature thus removing the emotional ties. This is of course very logical and seems to be the way to go but needs a lot of time. I’m just interested in becoming a good trader and gaining discipline, insight and collected logic to allow me to eventually make money from the markets but I realise this is a long term project.

To anyone else who lost out in the greatest rally in 70 years hopefully you haven’t given up and hopefully we can better ourselves and gain a greater personal insight.

Related posts:

1. Welcome to the new Spread Betting Category
2. Beginners Guide to Short Term Trading
3. The Naked Trader