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Writing this because I have to get it off my chest. I have been trading options since March of this year, I consider myself still very new at this. I like to think "emotional intelligence" is my middle name and I have my studies and personal trading rules that I adhere to.
After learning a few tough lessons you start to feel a little more confident in your trades, but nothing prepares you for two things.
- Overall lack of market experience - one of my trades just didn't do what the Trading Universe told me it was going to do.
- Fat fingers making you choose a short option instead of the longer one you planned diligently for... This one hurts the most because it is just a pure accident, not a lack of experience or anything along those lines, just my mistake...ugh.
Anyway, just wanted to share some thoughts on my blowing up my account for the second time.
Trading is my wealth growing strategy (not a lambo's and mansions kind of wealth, just offsetting some debt/hoping to have some sort of net worth at the end of my life kind of wealth). I still fully believe in myself and am not going to let this dishearten me.
Thanks for coming to my Ted Talk!
Editing to add: It was a small account. I didn't lose my life savings here or anything. Still hurts like hell though lol.
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