Robert H, July 28, 2018 in Trading Psychology
Robert, keep these coming. I have really enjoyed listening and have learned from you insight. I've been a member since the end of last year but I felt like it wasn't going to work for me. I sort of quit the community for a while. Your rants and some of the other great recap videos have helped me get back on track. Listening to this episode in particular, I have come to the conclusion that I need to get back to the reason that I joined BBT in the first place. I need to be involved more. I sit in the chat and never say anything; I've not posted in the forum in a while and I've not even considered doing a recap video. I need to start being involved and also peer to peer would definitely help me. That is the real reason I joined the community. I felt the accountability would be helpful. If there were others that I could say "this is what I did today, or this week" it would help me to think before going "Rambo" or some other stupid stuff. I do feel I can do this because I am successful more that not. I just have blow up days that I need to avoid. Friday was my worst and that's why I'm on here doing this at 10 o'clock on a Saturday night. (that and the fact that my wife is nursing a broken knee, so we're not exactly getting out much) Anyway, i just wanted to let you know that even though the viewership is down, as you say, you are helping. Thanks!
Does your platform/broker allow for a Daily Max Loss cut-off? If so, please enable it to avoid those "Rambo blow-up" days. If I could re-do one thing in my trading career, it would be to have that in place since Day 1. My 5 biggest red days went well beyond max loss. I would be net positive if they could be erased from history.
If you haven't already, watch Episode 4 regarding Peak Regression. I outline a plan for recovering from a bad day. Best of luck!
Robert, thanks for the advice. I know the daily max loss cut-off is something that would help me. I will check into that for my current trading account. I know I had it available with the futures account that I was trading but I've moved to trading more stocks and that's through a different broker. I will also make sure to check out episode 4. I'm not sure I listened to that one yet.
The videos don't seem to be available anymore. Were they removed or there is another link?
Just past halfway down the page. Thumbnails have blue in them.
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