I was day trading with a small part of my portfolio. It was going well and I was taking it easy.
But then that happened:
Day 1: Well the market is going down, I'll sell and day trade with all of the money.
Day 2: Ok, I'll make up for those loses.
Days 3-9: WTF 40% of my portfolio where are you?
Day 10: Lost some more in a stupid pump and dump.
Basically, the more I lost, the greater the mistakes became.
Now for the mistakes:
Hurrying too much to make up for loses.
Being too arrogant to set stop limits (I know).
Acting like a gambler and chasing shiny pumps.
Having unreachable goals for a single trade.
Trading while having a tea party with my toddler.
And the biggest mistake:
Not calling it a day after too many failed trades.
Don't be like me.
Edit: Before that I was actually up 25-30% thanks to day trading, so it's not totally impossible.
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