how i overcame TRADERS BLOCK a few months ago!
thats right i said a few months ago......hmmmmm somewhere around thanksgiving/christmas 07......had made some of the dumbest trades possibly, i found myself doing just about the opposite of what i should have been doing, when i was buying, i should have been selling, when i was selling i should have been buying....i was up to my waist in "should"....the smell was horrible....thank goodness my semiannual allergy probs kicked in and i couldnt smell the stench any more, so that helped a lil, lol
i somehow managed to get back up to my knees and manged to clear out every pos* i had become an "investor" in, and every stock that i had decided i was going to hold for the "longer term".....ok, so i finally got this all done and now i am back to all square, albeit, quite a bit lower than i had envisioned going into the fall season......wth happened in oct and nov?, others were doing ok, at least........but for some strange reason i was on the outside looking in......ok i am back to cash.....ready to go......lets rock......mikey is ready to roll, let light this candle, we are ready BABYYYYYYYYY lets geaux.....ok, here is an intereting one....stock symbol: DIRT(generic symbol)......yep, chart looks pretty good, they are starting to get some news out, within 10-15% of the bottom, getting attenion on m/boards, chat, etc......lets buy this puppy!!!!.......buy this puppy!!!!!......its a buy......buy it.....mikey.........buy.......look at level 2, the 2's are going quick.......mikey....wth are you gonna do?......damn, the 2's are gone......i'll wait for a pullback, it'll happen....25......28.......uh oh, bb added 26, wth??......3....32......35......38....4, oh the humanity, a steeenking double?..38...35....32...ahhhhhh i knew the damn thing would pull back,,,,,,i was right!!!!! told ya!!
i couldnt/wouldnt pull the trigger.......happened dozens of times.......watched as others made money and i didnt.....i could NOT pull the trigger, and this happened many many times in a one month period.....i had basically LOST everything that i had learned in 10 years of online trading, i had remembered how to lose and forgot how to win! i was a damn loser and i deserved whatever seeds i had sown........whatta ya mean the mortgage is due, i am in a crisis here, wife, leave me along!!!!!!
i had to do something and pretty damn quick.....i had to break that death grip,,,,,,,,i had to do SOMETHING DIFFERENT.......AGAIN.....(ok maybe its happened before)
so here is what I did......i tried 5 consecutive winning trades....i didnt care how much money i made either ..i played with minimal amounts, each time....i had to LEARN HOW TO WIN........AGAIN.........your parameters may be different but thats what i had to do for me..........2 in a row didnt work for me.....pfffffffft .....or 3.......or 4.....for me: i needed 5 in a row......i remember i started this endeavor on a monday, by the following wednesday i was back, i had my confidence back, i had made a couple hundred bucks, i could think again, i could sleep again, i was no longer a mental,bipolar, schizoid, neurotic, walking, breathing, a**hole to those around me, and more importantly i could see the light at the end of the dang tunnel.....and trust me on this, if i can do it, YOU can do.......things are much better now, and i guard against these mistakes a lil closer now......but all of my lil 'crosses to bear' will prolly jump up and bite me on my lil butt again, and i will have no problem sharing them with our newer brethern, if it will make YOU a better trader........
mikey
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