Thursday, December 18, 2008

My first month

I am pretty much happy with my results this month but disgusted at the way I get them. I made exactly the same mistakes I made at the start of the month that cost me dearly. The most fundamental of them all.
1. overtrading
2. lack of willingness to take loss
3. discipline.
Lack of confidence in my own set up was another key point. I was on the right path but did not believe in myself due to the suddenly swing in spikes.
There goes today profit because of all these points. I made exactly the same mistakes I made at the start of the month that was so costly I almost collapsed. I got to stop doing this to myself and believe in myself more. I tried finding excuses for myself like December is a bad month because the volatility is created by small volume and caused a lot of distortions. Hopefully I learn from all these mistakes and put them into some discipline. Really needs to start discipline myself.

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