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Extremely frustrating two months. It& #39;s been really testing and made me consider giving up trading so many times. No signs of it getting any better either. Here& #39;s my thread...
My entire portfolio got stopped out on 09/03 at -23.5%. That same portfolio has gone from strength to strength over the past two months. Today I would have recovered all my loss.
The biggest regret I had was not selling out earlier and keeping my losses small.
The biggest regret I had was not selling out earlier and keeping my losses small.
I did a few trades and they didn& #39;t make any difference. I finally got the confidence to build a new portfolio using 60% of capital. This time I was strict with the stops. 3 days later due to US/China worries market tanked and I got stopped. That portfolio has since gone up 10%
It took me few weeks to get my confidence back and again I started new portfolio with 40% capital. Most stocks got stopped last two days (incl BOO, CEY, TDOC and CHWY)- they have all since recovered too. I just can& #39;t seem to get it right.
I& #39;m now in two minds. Do I use stops or not? My first stops were very wide (20%+). The second set were on ave around 8%.
I thought stops were good risk management tools but they have truly worked against me in this market.
So frustrated and still considering giving up.
I thought stops were good risk management tools but they have truly worked against me in this market.
So frustrated and still considering giving up.
Currently my PF is -24.5%
My original PF would have been - 0%
The May PF would have got me to -14%
My original PF would have been - 0%
The May PF would have got me to -14%
