Devastation on the Rollercoaster

I seem to find it easier to have things to say when I lose.....and when I lose, boy it's big!

Tonight has been utter devastation. I am following the same bad ways that have been hampering me ever since I ever started trading. It's a very fine line between winning steadily and losing all self control where the losses come thick and hard. 

It all started late last night when I lost £80 on the golf. That loss wasn't settled until early this morning so it goes down as a Monday result. Then on the horses I was making silly mistakes pre-race and was about £50 down over the first four evening races and decided to go in play and lost another £50. So including the golf I was down £180. I should have just called it a day but Lady Jane Digby finally did me in as I blindly laid £50 in play without even a second thought and a further £180 went down the drain! 

The final loss for the day is £357.68 and now that I seem to have calmed down I cannot believe what I have done. It was like a red mist came over me and my body was being taken over by someone else! Losing is part of the game so I can't understand my reactions.

There aren't that many blogs that highlight big losses but it's important to highlight to people thinking about trading that it is not always rosey and dealing with your emotions is the key and the most difficult thing to control. Please do not send me abusive comments, I don't need to be told that I am a complete plonker!

There are a handful of positives. I am still up for the month, year and since I started in Feb 2007. Plus I did not surpass my record loss of £554.01 on 10/06/2007.

I'm off for a beer or three!