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2019 April 8th Monday

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David

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Lost a lot today. The market behaved the complete opposite of what I predicted.
I didn't control the loss, instead kept adding to it. Then I took it inplay.

If any of you reply, I know you'll say just take the loss. Sometimes easier said than done.

My mind was not in the right state to carry on. So gave up for the afternoon. Contemplating giving up altogether to be honest.

It's still money I can afford to lose (as made over £100 over the weekend from matched betting), but the small trading wins and big losses are annoying.
Why can't it be the other way around, as in big wins and small losses?

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"Why can't it be the other way around, as in big wins and small losses?"

You said it yourself. When you are losing you are adding to a loser in the hope it turns back around. What do you do when you are winning? add to the winning trade? Or take the profit as soon as you are a tick or so in profit.. 

 

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@billylong I notice that you only reply to my blog when I am willing to admit my mistakes.
Yet, I have never seen any results posted by yourself.

Why don't you post your profits if you think that trading is easy?

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@Tomas Thanks for the reaction. It took me 5 hours to figure out why I made a loss.

There is a certain pattern on Mondays either before or after major festivals.
The trends are different to a typical Monday. Something I did not anticipate.

So, even though I lost a bit, I have learned about how seasonality affects trading.

It's all part of the learning experience.

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53 minutes ago, David said:

@billylong I notice that you only reply to my blog when I am willing to admit my mistakes.
Yet, I have never seen any results posted by yourself.

Why don't you post your profits if you think that trading is easy?

When did I ever say trading was easy?

You carry on as you are, seeing as you seem to know all the patterns in the markets from day to day. 

I wont comment on your blog again 👍

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