Read on Twitter
Extremely frustrating two months. It's been really testing and made me consider giving up trading so many times. No signs of it getting any better either. Here'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'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't seem to get it right.
I'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%
