11-14-2006 The One-More-Trade Curse

I’ve gone 2/2 this morning and am sitting 1 trade away from my Net Daily Goal. I can’t tell you how many times I’ve been 1 trade away only to take a full stop, (to borrow a term from poker) go on tilt, and string a series of psychologically devastating losses together. Those days hurt so badly because really it’s like getting hit twice.

The first one is when you get withing smelling distance of your goal only to see it slowly becoming farther & farther away. Then comes the pain of losing control, getting stopped out, and then realizing that you lost control and dealing with the subsequent regret.

How many times does this pattern unfold without our realizing it until after the fact? Well not this time for me! I’m going to sit on my hands for the rest of the day and finish being 1 trade shy of my goal unless I see a high-odds play worthy of my hard-won $.

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