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Post# of 52871
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jmbar2

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jmbar2

Re: jmbar2 post# 16163

Thursday, 06/26/2014 9:17:46 AM

Thursday, June 26, 2014 9:17:46 AM

Post# of 52871
Post-Mortem July 3 AMZN put.

No excuse for this trade. Was totally emotional, based on what I expected the market would do, and not based on the evidence. Then, I persisted in holding onto the belief, despite watching the trade turn against me.

Lesson learned: I have a tendency to trade emotionally, and it is dangerous. Once I make a bad trade, I keep looking for confirmation that the emotional trade was correct, instead of facing up to the error and getting out fast.

It is a sobering exercise to do post-mortems on a public board. Keeps me more honest with myself about my limitations.

Reset all of my charts today and have multiple post-its all over my computer.

Start over. Today is new day.
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