Confessions of a Revenge/Over Trader · The Trade Team #T3 (Free)

Evelyn Rosa

14d ago in General discussion

Confessions of a Revenge/Over Trader

Before I took Ryans 2023 mentorship class

I was regularly blowing up accounts and starting over in new ones

I had a huge amount of FOMO and greed

I would take as many as 70 trades a day

I would often enter trades without a SL or TP

I chased candles

I would move my SL to stay in losing trades

I felt confused about how to select lots

I kept trying to trade symbols that needed way bigger accounts than I had

I risked too much of my account in each trade

I didnt pay attention to news folders

or whether it was the right time to trade that symbol

I traded angry, upset, distracted, not feeling well, or over medicated.

Ryan helped me create a solid trading plan:

Risk, lots , SL, TP, when, what, confirmations

I cultivated the habit of journaling my trades

I strived for one good trade

I released a majority of my FOMO

I figured out how to calc the Lots

I got into the habit of always entering a trade with SL and TP

I learned to choose SL that let the trades breath.

I stopped blowing up demo accounts and moved to my real account

I have not blown my real account.

lately I have been getting sloppy,

my greed has gained on me and I have:

increased my risk by decreasing my SL's and increasing my lots

I did good on trades during Ryans live sessions which match my trade plan trading times

but I then traded outside my trade plan times and lost

and then over traded and revenge traded to try to regain the losses

these are old bad habits creeping back

I have managed to not exceed my overall max loss per day

and so my account is not in danger of being blown up

but I need to reign these bad habits in before matters get worse

mostly I am not minding my emotions

and I am trading when I am not well,

or over medicated.

I am being super honest and open so that I can get a handle on this behavior

exposing it to the light so I can be more honest with myself in handling it.

I am so thankful for Ryans training

and I intend and plan to be more diligent.

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