Friday, November 10, 2017

A reminder

A day that remembered me of the difficulty of this game. In the same way as I did it yesterday, today it did not worked that well. Which was a thing to be expected actually and I`m not very surprised by the result. Of course, using the same logic I could have had a day like yesterday or better. I got myself in to a quite big drawdown during the first half of the day and become careful after trying to recover. The drawdown was a result of my overconfidence that the market should not and will not do certain things and my supersized bet on the fact I`m right, I was wrong. My game after the deed was done was not enough to get above water level today and more than that it reminded me of the dangers of approaching the market not fully concentrated and careless. As I was saying in a previous post starting careless and continuing careless can get you killed.

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