I’ve got napkins hanging out of my nose.
The market has been beating me up. Worse than it has in nearly a decade.
Some trades were excellent trades that just did not work out. Yes, you can do everything correctly, and you will receive a normal, statistical loss. If you win 73.85% of the time, that means that you will also lose 26.15% of the time. And this year I’m filling in the back-end on that statistic. In addition to that, the trading periodicity I’m using (swing trading) has not fit the market we’re in. We’re in a day-traders market, not a swing-traders market. And then, there are the normal mistakes that any trader can make. Add them all up together?
It has resulted in the market handing me a monsterous beating.
Let’s keep this all in perspective however. I’m no amateur blowing up accounts. On average, the market usually pulls back 10% to 11%, once a year. An epic beating for myself in 10 years is statistically usually how far the stock market pulls back in any given year. Some would consider this more than acceptable.
But I’m used to winning.
Regardless, at the moment I have a good fight on my hands. And at some level? I think if you want to trade you almost have to enjoy the fights, as much as the wins …