It was a day when absolutely nothing went right. Virtually every time I traded the price went against me. I ended up losing on 10 out of 16 races, my percentage has never been that bad in one day. My ability to read and react was also at an all time low. Despite the continual bombardment of counter trades I managed to remain fairly calm which is one of the positives I took from the day. I agreed and wrote down beforehand that I would accept the losses and not chase them (see previous post). I am happy to report that I did both so I was pleased that I remained disciplined throughout. I redded up all my losses too which helps to accept the loss and move on.
The other good news is that despite the damage to my book value I am still in a position to continue trading and this proves that remaining disciplined allows you to do just that. Its a big setback of course and I am not happy with it, but I know I am still in the game. Reading Peter Webbs recent post about delayed gratification was opportune and puts today into perspective.
The bigger problem to resolve is how to improve on my trading skills....!
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